Kayne Anderson Energy Infrastructure Fund Provides Unaudited Balance Sheet Information and Announces its Net Asset Value and Asset Coverage Ratios at October 31, 2020

Rhea-AI Summary

Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) reported its net assets at $698 million and a net asset value per share of $5.52 as of October 31, 2020. The company’s asset coverage ratio for senior securities was 521%, and for total leverage, it stood at 308%. The total assets amounted to $1,037.2 million. The report highlights a healthy financial position, indicating strong asset coverage in relation to its senior debt, which may attract investor confidence.

Positive

• Net assets reported at $698 million
• Net asset value per share is $5.52
• Asset coverage ratio for senior securities at 521%
• Total assets at $1,037.2 million

Negative

• None.

HOUSTON, Nov. 02, 2020 (GLOBE NEWSWIRE) -- Kayne Anderson Energy Infrastructure Fund, Inc. (the “Company”) (NYSE: KYN) today provided a summary unaudited statement of assets and liabilities and announced its net asset value and asset coverage ratios under the Investment Company Act of 1940 (the “1940 Act”) as of October 31, 2020.

As of October 31, 2020, the Company’s net assets were $698 million, and its net asset value per share was $5.52. As of October 31, 2020, the Company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 521% and the Company’s asset coverage ratio under the 1940 Act with respect to total leverage (debt and preferred stock) was 308%.

Kayne Anderson Energy Infrastructure Fund, Inc.
Statement of Assets and Liabilities
October 31, 2020
(Unaudited)
		(in millions)
Investments		$	996.2
Cash and cash equivalents			0.6
Receivable for securities sold			2.5
Deposits			-
Accrued income			11.0
Current tax asset, net			26.2
Other assets			0.7
Total assets			1,037.2
Credit facility			25.0
Notes			173.3
Unamortized notes issuance costs			(0.4	)
Preferred stock

FAQ

What are the net assets of Kayne Anderson Energy Infrastructure Fund as of October 31, 2020?

The net assets of Kayne Anderson Energy Infrastructure Fund were $698 million as of October 31, 2020.

What is the net asset value per share for KYN as of October 31, 2020?

The net asset value per share for KYN was $5.52 as of October 31, 2020.

What is the asset coverage ratio for KYN's senior securities?

The asset coverage ratio for KYN's senior securities was 521% as of October 31, 2020.

What total assets did KYN report as of October 31, 2020?

Kayne Anderson Energy Infrastructure Fund reported total assets of $1,037.2 million as of October 31, 2020.