Welcome to our dedicated page for Kayne Anderson Energy Infrastructure Fund news (Ticker: KYN), a resource for investors and traders seeking the latest updates and insights on Kayne Anderson Energy Infrastructure Fund stock.
Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) is a non-diversified, closed-end management investment company committed to delivering a high after-tax total return, with a particular focus on cash distributions to its stockholders. Registered under the Investment Company Act of 1940, KYN strategically invests at least 80% of its total assets in securities of Energy Infrastructure companies. The fund primarily targets entities involved in the midstream energy sector, which includes pipelines, storage, and other energy infrastructure assets.
Recently, KYN has been navigating significant corporate activities, including a merger with Kayne Anderson NextGen Energy & Infrastructure, Inc. (NYSE: KMF). This merger, approved by stockholders and set to be finalized on November 13, 2023, aims to enhance the combined entity's ability to capitalize on long-term growth opportunities in the energy infrastructure sector. KMF stockholders had the option to receive either newly issued common stock of KYN or cash, subject to proration procedures to ensure a balanced allocation.
KYN is managed by KA Fund Advisors, LLC, a subsidiary of Kayne Anderson Capital Advisors, L.P., which brings extensive expertise in the energy sector. The fund is designed to offer investors exposure to the robust and stable cash flows generated by energy infrastructure assets, which are often less sensitive to commodity price fluctuations compared to other energy investments.
Financially, KYN emerged post-merger with total assets approximating $2.3 billion and a net asset value (NAV) of about $1.7 billion. The effective NAV per share was $9.95 with approximately 169.1 million shares outstanding. This strong financial footing is a testament to KYN's strategic investment approach and commitment to shareholder value.
KYN’s investment strategy and recent achievements highlight its continued dedication to providing robust returns and consistent cash distributions. Investors seeking a reliable income stream backed by essential energy infrastructure assets find KYN a compelling option in their portfolios.
Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) has announced a quarterly distribution of $0.20 per share for the fiscal period ending November 30, 2022. This distribution will be payable on January 11, 2023, with the ex-date set for January 3, 2023 and the record date on January 4, 2023. The Company aims to achieve high after-tax total returns by investing at least 80% of its assets in Energy Infrastructure Companies. The return of capital is estimated at 20%. Distribution amounts may vary due to portfolio changes and market conditions.
Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) released its unaudited statement of assets and liabilities as of November 30, 2022. The fund reported net assets of $1.4 billion with a net asset value per share of $10.64. Asset coverage ratios under the Investment Company Act showed robust financial health, with a 602% coverage for senior securities and 443% for total leverage. The fund holds investments primarily in midstream energy companies (83%), and its top holdings include Energy Transfer LP and MPLX LP, reflecting a diverse energy infrastructure portfolio.
Kayne Anderson Energy Infrastructure Fund (KYN) announced its unaudited assets and net asset value as of October 31, 2022. The Company reported net assets of $1.4 billion and a net asset value per share of $10.33. The asset coverage ratio for senior securities was 582%, while total leverage stood at 430%. Total long-term investments amounted to $1.95 billion, with midstream energy companies constituting 84% of the portfolio. Notably, KYN had 136,131,530 common shares outstanding.
Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) reported its unaudited assets and liabilities as of September 30, 2022. The company's net assets amounted to $1.3 billion, with a net asset value per share of $9.32. The fund's asset coverage ratio concerning senior securities was 463%, while total leverage coverage stood at 358%. The fund primarily invests in midstream energy companies, with significant holdings in Enterprise Products Partners, MPLX LP, and Energy Transfer LP.
Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) has announced a quarterly distribution of $0.20 per share for the quarter ending August 31, 2022, payable on October 7, 2022. The ex-date is set for September 30, 2022 and the record date is October 3, 2022. The company estimates that none of the distributions for fiscal 2022 will be treated as a return of capital for tax purposes. KYN aims to provide high after-tax total returns by investing mainly in Energy Infrastructure Companies. Future distributions depend on Board approval and compliance with debt agreements.
Kayne Anderson Energy Infrastructure Fund reported its financial position as of August 31, 2022, revealing net assets of $1.4 billion and a net asset value per share of $10.63. The company reported an asset coverage ratio of 516% for senior securities and 398% for total leverage. With 136,131,530 shares outstanding, its long-term investments consist mainly of Midstream Energy Companies (82%). The top holdings include MPLX LP and Enterprise Products Partners, accounting for significant portions of their investment portfolio.
Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) has successfully completed a private placement worth $65 million, consisting of $45 million in 4.67% Series SS senior unsecured notes and $20 million in 5.07% Series T mandatory redeemable preferred shares. The raised funds will be utilized to refinance existing leverage and for general corporate purposes. KYN aims to provide high after-tax total returns with a focus on cash distributions to its shareholders by investing at least 80% of its assets in Energy Infrastructure Companies.
Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) reported its financials as of July 31, 2022. The total net assets reached $1.4 billion, translating to a net asset value per share of $10.53. The asset coverage ratio for senior securities stood at 456%, while total leverage coverage was 376%. The fund's major investments were primarily in midstream energy companies, constituting 82% of its portfolio. The company's ten largest holdings are dominated by firms like MPLX LP and Enterprise Products Partners, contributing significantly to its performance.
Kayne Anderson Energy Infrastructure Fund (KYN) announced its unaudited assets and liabilities as of June 30, 2022. The fund reported total net assets of $1.3 billion and a net asset value (NAV) per share of $9.62. Its asset coverage ratios stood at 426% for senior securities and 351% for total leverage, indicating robust financial health. The fund has 136,131,530 shares outstanding, with a diversified investment portfolio primarily in midstream energy companies (82%).
Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) announced a quarterly cash distribution of $0.20 per share, payable on July 12, 2022. The Ex-Date is July 1, 2022 and the Record Date is July 5, 2022. This distribution represents an 80% return of capital estimate based on anticipated earnings. Future distributions are subject to Board approval and compliance with debt covenants. The Company's investment strategy focuses on Energy Infrastructure Companies, aiming for a high after-tax total return for stockholders.
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