Kayne Anderson Energy Infrastructure Fund Provides Unaudited Balance Sheet Information and Announces Its Net Asset Value and Asset Coverage Ratios at October 31, 2024
Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) reported its financial position as of October 31, 2024. The fund's net assets stood at $2.2 billion, with a net asset value per share of $12.97. The company's asset coverage ratios were strong, with 675% for senior securities indebtedness and 483% for total leverage. The portfolio primarily consists of Midstream Energy Companies (96%), with smaller allocations to Utility Companies (3%) and Other Energy (1%). The fund's largest holding is The Williams Companies, representing 10.3% of long-term investments, followed by Energy Transfer LP at 9.4%.
Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) ha riportato la sua posizione finanziaria al 31 ottobre 2024. Gli attivi netti del fondo ammontavano a 2,2 miliardi di dollari, con un valore degli attivi netto per azione di 12,97 dollari. I rapporti di copertura degli attivi dell'azienda erano solidi, con il 675% per l'indebitamento dei titoli senior e 483% per la leva totale. Il portafoglio è composto principalmente da aziende di energia midstream (96%), con piccole allocazioni a utility (3%) e altri settori energetici (1%). La più grande partecipazione del fondo è in The Williams Companies, che rappresenta il 10,3% degli investimenti a lungo termine, seguita da Energy Transfer LP al 9,4%.
Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) reportó su posición financiera al 31 de octubre de 2024. Los activos netos del fondo ascendían a 2,2 mil millones de dólares, con un valor neto de activos por acción de 12,97 dólares. Las razones de cobertura de activos de la compañía eran sólidas, con un 675% para la deuda de valores senior y 483% para el apalancamiento total. La cartera consiste principalmente en empresas de energía midstream (96%), con pequeñas asignaciones a empresas de servicios públicos (3%) y otros sectores energéticos (1%). La mayor participación del fondo es en The Williams Companies, que representa el 10,3% de las inversiones a largo plazo, seguida de Energy Transfer LP con un 9,4%.
카인앤더슨 에너지 인프라 펀드 (NYSE: KYN)는 2024년 10월 31일 기준 재무 상태를 보고했습니다. 펀드의 순자산은 22억 달러였으며, 주당 순자산 가치는 12.97 달러입니다. 회사의 자산 커버리지 비율은 강력하며, 선순위 증권 부채에 대해 675%, 총 레버리지에 대해 483%입니다. 포트폴리오는 주로 중간층 에너지 회사(96%)로 구성되어 있으며, 유틸리티 회사(3%)와 기타 에너지(1%)에 대한 소규모 할당이 있습니다. 펀드의 최대 보유 자산은 Williams Companies로, 장기 투자에서 10.3%를 차지하고 있으며, Energy Transfer LP가 9.4%로 뒤를 잇습니다.
Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) a déclaré sa situation financière au 31 octobre 2024. Les actifs nets du fonds s'élevaient à 2,2 milliards de dollars, avec une valeur nette des actifs par action de 12,97 dollars. Les ratios de couverture des actifs de l'entreprise étaient solides, avec un 675% pour la dette des titres senior et 483% pour le levier total. Le portefeuille se compose principalement d'entreprises énergétiques intermédiaires (96%), avec de plus petites allocations à des entreprises de services publics (3%) et à d'autres énergies (1%). La plus grande participation du fonds est dans The Williams Companies, représentant 10,3% des investissements à long terme, suivie par Energy Transfer LP avec un 9,4%.
Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) berichtete über seine finanzielle Lage zum 31. Oktober 2024. Die Nettovermögen des Fonds beliefen sich auf 2,2 Milliarden Dollar, mit einem Nettovermögen pro Aktie von 12,97 Dollar. Die Vermögensquote des Unternehmens war stark, mit 675% für die senioren Wertpapierschulden und 483% für die Gesamtnutzung. Das Portfolio besteht hauptsächlich aus Midstream-Energieunternehmen (96%), mit einer kleineren Allokation an Versorgungsunternehmen (3%) und anderen Energien (1%). Die größte Beteiligung des Fonds ist an The Williams Companies, die 10,3% der langfristigen Investitionen ausmacht, gefolgt von Energy Transfer LP mit 9,4%.
- Strong asset coverage ratios: 675% for senior securities and 483% for total leverage
- Substantial net assets of $2.2 billion
- Well-diversified portfolio across major midstream energy companies
- Significant cash position of $35.7 million
- None.
Insights
The latest financial report from KYN shows a robust balance sheet with
The fund's conservative leverage profile and high-quality portfolio composition demonstrate strong financial health. The
HOUSTON, Nov. 01, 2024 (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, 2024.
As of October 31, 2024, the Company’s net assets were
| STATEMENT OF ASSETS AND LIABILITIES OCTOBER 31, 2024 // (UNAUDITED) | ||||
| (in millions) | ||||
| Investments | $ | 3,002.2 | ||
| Cash and cash equivalents | 35.7 | |||
| Accrued income | 11.2 | |||
| Current tax asset, net | 6.6 | |||
| Other assets | 0.5 | |||
| Total assets | 3,056.2 | |||
| Notes | 409.7 | |||
| Unamortized notes issuance costs | (2.8 | ) | ||
| Preferred stock | 163.1 | |||
| Unamortized preferred stock issuance costs | (1.3 | ) | ||
| Total leverage | 568.7 | |||
| Payable for securities purchased | 5.1 | |||
| Other liabilities | 13.3 | |||
| Deferred tax liability, net | 275.1 | |||
| Total liabilities | 293.5 | |||
| Net assets | $ | 2,194.0 | ||
The Company had 169,126,038 common shares outstanding as of October 31, 2024.
Long-term investments were comprised of Midstream Energy Companies (
The Company’s ten largest holdings by issuer at October 31, 2024 were:
| Amount (in millions)* | % Long Term Investments | ||||||
| 1. | The Williams Companies, Inc. (Midstream Energy Company) | $ 309.5 | 10.3 | % | |||
| 2. | Energy Transfer LP (Midstream Energy Company) | 281.1 | 9.4 | % | |||
| 3. | MPLX LP (Midstream Energy Company) | 273.6 | 9.1 | % | |||
| 4. | Enterprise Products Partners L.P. (Midstream Energy Company) | 258.3 | 8.6 | % | |||
| 5. | ONEOK, Inc. (Midstream Energy Company) | 226.8 | 7.6 | % | |||
| 6. | Targa Resources Corp. (Midstream Energy Company) | 220.0 | 7.3 | % | |||
| 7. | Cheniere Energy, Inc. (Midstream Energy Company) | 194.5 | 6.5 | % | |||
| 8. | Kinder Morgan, Inc. (Midstream Energy Company) | 184.9 | 6.2 | % | |||
| 9. | Western Midstream Partners, LP (Midstream Energy Company) | 138.6 | 4.6 | % | |||
| 10. | Pembina Pipeline Corporation (Midstream Energy Company) | 132.3 | 4.4 | % | |||
| * | Includes ownership of common and preferred units. |
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Portfolio holdings are subject to change without notice. The mention of specific securities is not a recommendation or solicitation for any person to buy, sell or hold any particular security. You can obtain a complete listing of holdings by viewing the Company’s most recent quarterly or annual report.
Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940, as amended, whose common stock is traded on the NYSE. The company's investment objective is to provide a high after-tax total return with an emphasis on making cash distributions to stockholders. KYN intends to achieve this objective by investing at least
This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of any securities in any jurisdiction in which such offer or sale is not permitted. Nothing contained in this press release is intended to recommend any investment policy or investment strategy or consider any investor’s specific objectives or circumstances. Before investing, please consult with your investment, tax, or legal adviser regarding your individual circumstances.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This communication contains statements reflecting assumptions, expectations, projections, intentions, or beliefs about future events. These and other statements not relating strictly to historical or current facts constitute forward-looking statements as defined under the U.S. federal securities laws. Forward-looking statements involve a variety of risks and uncertainties. These risks include but are not limited to changes in economic and political conditions; regulatory and legal changes; energy industry risk; leverage risk; valuation risk; interest rate risk; tax risk; and other risks discussed in detail in the Company’s filings with the SEC, available at www.kaynefunds.com or www.sec.gov. Actual events could differ materially from these statements or our present expectations or projections. You should not place undue reliance on these forward-looking statements, which speak only as of the date they are made. Kayne Anderson undertakes no obligation to publicly update or revise any forward-looking statements made herein. There is no assurance that the Company’s investment objectives will be attained.
Contact investor relations at 877-657-3863 or cef@kayneanderson.com.
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