Kayne Anderson Energy Infrastructure Fund Provides Unaudited Balance Sheet Information and Announces Its Net Asset Value and Asset Coverage Ratios at August 31, 2024
Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) has released its unaudited financial information as of August 31, 2024. The company reported net assets of $2.1 billion and a net asset value per share of $12.60. KYN's asset coverage ratios were strong, with 625% for senior securities representing indebtedness and 462% for total leverage.
The fund's investments totaled $2.98 billion, primarily allocated to Midstream Energy Companies (93%), with smaller allocations to Utility Companies (4%) and Other Energy (3%). KYN's top holdings include major players in the midstream energy sector such as The Williams Companies, Energy Transfer LP, and MPLX LP.
Il Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) ha rilasciato le sue informazioni finanziarie non verificate al 31 agosto 2024. L'azienda ha riportato attivi netti pari a 2,1 miliardi di dollari e un valore netto degli attivi per azione di 12,60 dollari. I rapporto di copertura degli attivi di KYN sono stati forti, con un 625% per i titoli senior che rappresentano l'indebitamento e un 462% per la leva totale.
Gli investimenti del fondo hanno totalizzato 2,98 miliardi di dollari, principalmente allocati a Società di Energia Midstream (93%), con piccole allocazioni a Società di Utility (4%) e Altra Energia (3%). Le principali partecipazioni di KYN includono grandi attori nel settore dell'energia midstream come The Williams Companies, Energy Transfer LP, e MPLX LP.
El Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) ha publicado su información financiera no auditada al 31 de agosto de 2024. La compañía reportó activos netos de 2.1 mil millones de dólares y un valor neto de activa por acción de 12.60 dólares. Los ratios de cobertura de activos de KYN fueron sólidos, con 625% para valores senior que representan la deuda y 462% para apalancamiento total.
Las inversiones del fondo totalizaron 2.98 mil millones de dólares, principalmente asignados a Empresas de Energía Midstream (93%), con asignaciones menores a Empresas de Servicios Públicos (4%) y Otras Energías (3%). Las principales participaciones de KYN incluyen a actores importantes en el sector de energía midstream como The Williams Companies, Energy Transfer LP y MPLX LP.
케인 앤더슨 에너지 인프라 펀드(Kayne Anderson Energy Infrastructure Fund, NYSE: KYN)는 2024년 8월 31일 기준의 감사받지 않은 재무 정보를 발표했습니다. 회사는 21억 달러의 순자산과 주당 12.60달러의 순자산 가치를 보고했습니다. KYN의 자산 커버리지 비율은 부채를 나타내는 선순위 증권에 대해 625% 및 총 레버리지에 대해 462%로 강력했습니다.
이 펀드의 투자 총액은 29억 8천만 달러로, 주로 미드스트림 에너지 회사에 (93%) 할당되었으며, 유틸리티 회사에 (4%)와 기타 에너지에 (3%)는 소규모 할당이 있었습니다. KYN의 주요 보유 자산에는 The Williams Companies, Energy Transfer LP 및 MPLX LP와 같은 미드스트림 에너지 분야의 주요 기업들이 포함되어 있습니다.
Le Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) a publié ses informations financières non auditées au 31 août 2024. La société a rapporté des actifs nets de 2,1 milliards de dollars et une valeur nette d'actif par action de 12,60 dollars. Les ratios de couverture des actifs de KYN étaient robustes, avec 625% pour les titres senior représentant l'endettement et 462% pour l'effet de levier total.
Les investissements du fonds ont totalisé 2,98 milliards de dollars, répartis principalement entre les entreprises d'énergie midstream (93%), avec de plus petites allocations aux sociétés de services publics (4%) et autres énergies (3%). Les principales participations de KYN incluent de grands acteurs du secteur de l'énergie midstream tels que The Williams Companies, Energy Transfer LP et MPLX LP.
Der Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) hat seine ungeprüften Finanzinformationen zum 31. August 2024 veröffentlicht. Das Unternehmen berichtete von netto Vermögenswerten in Höhe von 2,1 Milliarden US-Dollar und einem Nettovermögen pro Aktie von 12,60 US-Dollar. Die Vermögensabdeckungsquoten von KYN waren stark, mit 625% für vorrangige Wertpapiere, die die Verschuldung repräsentieren und 462% für die gesamte Hebelwirkung.
Die Investitionen des Fonds beliefen sich auf insgesamt 2,98 Milliarden US-Dollar, die hauptsächlich in Midstream-Energieunternehmen (93%) flossen, mit kleineren Zuweisungen an Versorgungsunternehmen (4%) und andere Energien (3%). Zu den wichtigsten Beteiligungen von KYN gehören führende Unternehmen im Midstream-Energiesektor wie The Williams Companies, Energy Transfer LP und MPLX LP.
- Strong asset coverage ratios: 625% for senior securities and 462% for total leverage
- Substantial investment portfolio of $2.98 billion
- Diversified holdings across major midstream energy companies
- None.
The report provides key financial metrics for Kayne Anderson Energy Infrastructure Fund (KYN), a closed-end management investment company. As of August 31, 2024, KYN's net assets stood at
KYN's portfolio is heavily concentrated in Midstream Energy Companies (
While the fund's focus on energy infrastructure may offer potential for high after-tax returns and cash distributions, investors should be aware of the sector concentration risk and potential volatility in energy markets.
KYN's portfolio composition reflects the current state of the energy infrastructure sector. The heavy concentration in midstream companies (
However, the diversification across other energy subsectors (
Investors should consider the fund's performance in relation to broader energy market trends, regulatory changes affecting midstream companies and the potential impact of the energy transition on long-term infrastructure investments. The fund's ability to maintain its high asset coverage ratios and NAV will be important for investor confidence in the current dynamic energy landscape.
HOUSTON, Sept. 04, 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 August 31, 2024.
As of August 31, 2024, the Company’s net assets were
| STATEMENT OF ASSETS AND LIABILITIES AUGUST 31, 2024 // (UNAUDITED) | |||||
| (in millions) | |||||
| Investments | $ | 2,977.4 | |||
| Cash and cash equivalents | 1.3 | ||||
| Accrued income | 2.9 | ||||
| Other assets | 0.7 | ||||
| Total assets | 2,982.3 | ||||
| Credit facility | 81.0 | ||||
| Notes | 354.4 | ||||
| Unamortized notes issuance costs | (2.1 | ) | |||
| Preferred stock | 153.1 | ||||
| Unamortized preferred stock issuance costs | (1.3 | ) | |||
| Total leverage | 585.1 | ||||
| Other liabilities | 14.7 | ||||
| Current tax liability, net | 4.8 | ||||
| Deferred tax liability, net | 246.9 | ||||
| Total liabilities | 266.4 | ||||
| Net assets | $ | 2,130.8 | |||
The Company had 169,126,038 common shares outstanding as of August 31, 2024.
Long-term investments were comprised of Midstream Energy Companies (
The Company’s ten largest holdings by issuer at August 31, 2024 were:
| Amount (in millions)* | % Long Term Investments | |||||
| 1. | The Williams Companies, Inc. (Midstream Energy Company) | 9.2 | % | |||
| 2. | Energy Transfer LP (Midstream Energy Company) | 274.7 | 9.2 | % | ||
| 3. | MPLX LP (Midstream Energy Company) | 264.1 | 8.9 | % | ||
| 4. | Enterprise Products Partners L.P. (Midstream Energy Company) | 262.7 | 8.8 | % | ||
| 5. | ONEOK, Inc. (Midstream Energy Company) | 221.1 | 7.4 | % | ||
| 6. | Targa Resources Corp. (Midstream Energy Company) | 202.9 | 6.8 | % | ||
| 7. | Cheniere Energy, Inc. (Midstream Energy Company) | 188.3 | 6.3 | % | ||
| 8. | Western Midstream Partners, LP (Midstream Energy Company) | 168.5 | 5.7 | % | ||
| 9. | Kinder Morgan, Inc. (Midstream Energy Company) | 162.8 | 5.5 | % | ||
| 10. | Pembina Pipeline Corporation (Midstream Energy Company) | 127.6 | 4.3 | % | ||
| * | Includes ownership of common and preferred units. | |||||
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.
FAQ
What was Kayne Anderson Energy Infrastructure Fund's (KYN) net asset value per share on August 31, 2024?
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