Kayne Anderson NextGen Energy&Infras - KMF STOCK NEWS

Kayne Anderson NextGen Energy & Infrastructure, Inc. (NYSE: KMF) reported its net asset value (NAV) and asset coverage ratios as of January 31, 2023. The Fund's net assets stood at $441.7 million, with a NAV per share of $9.36. The asset coverage ratio for senior securities representing indebtedness was 642%, while total leverage coverage was 438%. The Fund's long-term investments comprised 99% equity and 1% debt, with notable allocations in midstream companies (41%) and natural gas infrastructure (25%). The top holdings included The Williams Companies and Enterprise Products Partners, among others.

On January 26, 2023, Kayne Anderson Fund Advisors announced the availability of annual reports for its funds, Kayne Anderson Energy Infrastructure Fund (KYN) and Kayne Anderson NextGen Energy & Infrastructure Fund (KMF), for the fiscal year ending November 30, 2022. These reports can be accessed online at www.kaynefunds.com. KYN and KMF aim to provide high after-tax total returns by investing primarily in energy infrastructure and next-generation energy companies. Shareholders can request hard copies of the reports via phone or email. Forward-looking statements are included, cautioning investors about various risks that could affect performance.

On January 24, 2023, KA Fund Advisors announced the tax characterization of 2022 distributions for Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) and Kayne Anderson NextGen Energy & Infrastructure (NYSE: KMF). KYN reported that 100% of its distributions are qualified dividends, while KMF disclosed that 21% of its distributions are qualified dividends and 79% are nondividend distributions (return of capital). No ordinary dividends or capital gains distributions were reported for either fund. Investors are encouraged to consult their tax advisors for specific implications related to these distributions.

Kayne Anderson NextGen Energy & Infrastructure (NYSE: KMF) released its unaudited statement of assets and liabilities as of December 31, 2022. The Fund reported net assets of $432.3 million and a net asset value per share of $9.16. Its asset coverage ratio for senior securities was 650%, while total leverage coverage stood at 439%. The portfolio comprised 99% equity and 1% debt investments, with major investments in Midstream, LNG, Renewable Infrastructure, and Utilities. The ten largest holdings represented significant investments in various energy sectors.

Kayne Anderson NextGen Energy & Infrastructure announced a quarterly distribution of $0.16 per share for the fiscal quarter ending November 30, 2022. This payment, representing a 95% return of capital estimate, is set to be distributed to common stockholders on January 11, 2023, with an ex-date of January 3, 2023 and a record date of January 4, 2023. The Fund primarily invests in energy and infrastructure companies, emphasizing those in the Energy Transition. Distribution amounts may vary based on portfolio changes and market conditions.

On December 2, 2022, Kayne Anderson NextGen Energy & Infrastructure announced its unaudited assets and liabilities as of November 30, 2022. The Fund has net assets of $463.6 million and a net asset value per share of $9.82. Its asset coverage ratio stands at 731% for senior securities and 481% for total leverage. The portfolio primarily consists of 99% equity and 1% debt investments, with key holdings in midstream and natural gas companies. The Fund had 47,197,462 common shares outstanding.

As of October 31, 2022, Kayne Anderson NextGen Energy & Infrastructure's net assets totaled $445.0 million, with a net asset value per share of $9.43. The Fund's asset coverage ratios were impressive, standing at 686% for senior securities and 457% for total leverage. Investments were primarily concentrated in midstream and natural gas sectors, comprising 99% equity and 1% debt. Significant holdings included Enterprise Products Partners and Cheniere Energy, totaling over $43 million. The fund emphasizes cash distributions while focusing on the energy transition.

Kayne Anderson NextGen Energy & Infrastructure announced its financial results for September 30, 2022. The fund reported net assets of $406.5 million and a net asset value per share of $8.61. Notably, the asset coverage ratio for senior securities was 486%, while total leverage was 358%. Equity investments constituted 99% of long-term investments, with notable holdings in companies like Cheniere Energy and Enterprise Products Partners. The total long-term investments amounted to $548.1 million.

Kayne Anderson NextGen Energy & Infrastructure announced a quarterly distribution of $0.16 per share for the fiscal quarter ended August 31, 2022. This payment is scheduled for October 7, 2022, with the ex-date on September 30, 2022 and record date on October 3, 2022. The Fund, focused on energy and infrastructure investments, anticipates the next distribution declaration in December 2022, contingent on board approval and compliance with debt obligations. Notably, 95% of the distribution is estimated as a return of capital.