Kayne Anderson Energy Infrastructure Fund Provides Unaudited Balance Sheet Information and Announces Its Net Asset Value and Asset Coverage Ratios as of May 31, 2025

Rhea-AI Summary

Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) reported its financial position as of May 31, 2025, with net assets of $2.3 billion and a net asset value per share of $13.79. The fund demonstrated strong coverage ratios, with a 740% asset coverage ratio for senior securities indebtedness and 530% for total leverage. The fund's portfolio primarily consists of Midstream Energy Companies (94%), with smaller allocations to Other (4%) and Utility Companies (2%). Total assets stood at $3.2 billion, with The Williams Companies leading the top holdings at 11.3% of long-term investments, followed by Energy Transfer LP at 10%. The fund maintains a focused strategy of investing at least 80% of total assets in Energy Infrastructure Companies, aiming to provide high after-tax returns with emphasis on stockholder distributions.

Positive

• Strong asset coverage ratios of 740% for senior securities and 530% for total leverage indicate robust financial health
• Well-diversified portfolio across major midstream energy companies with $3.2 billion in total assets
• Focused investment strategy with 94% allocation to Midstream Energy sector provides clear market positioning
• Substantial net assets of $2.3 billion demonstrate significant fund size and stability

Negative

• High concentration risk with top 10 holdings accounting for over 75% of long-term investments
• Limited sector diversification with 94% exposure to Midstream Energy Companies

Insights

Investment Fund Analyst

Kayne Anderson Energy Infrastructure Fund reports strong asset coverage ratios and maintains its focus on midstream energy companies.

The latest financial disclosure from Kayne Anderson Energy Infrastructure Fund (KYN) reveals a stable financial position with $2.3 billion in net assets and a NAV of $13.79 per share as of May 31, 2025. The fund maintains robust asset coverage ratios - 740% for senior securities debt and 530% for total leverage, well above regulatory requirements and indicating conservative use of leverage.

KYN's portfolio remains heavily concentrated in midstream energy companies at 94% of long-term investments, with minimal exposure to utility companies (2%) and other sectors (4%). This concentrated strategy reflects the fund's specialized focus on energy infrastructure.

The top 10 holdings comprise approximately 76% of the portfolio, with significant positions in major midstream players like Williams Companies (11.3%), Energy Transfer (10.0%), and Enterprise Products Partners (9.8%). This high concentration in a handful of companies means the fund's performance will be closely tied to these specific operators rather than broader market movements.

The fund's $3.18 billion in investments against $538.1 million in total leverage demonstrates disciplined capital management. The presence of $297.1 million in deferred tax liability suggests unrealized gains in the portfolio, which could impact future distributions. For investors seeking energy infrastructure exposure through a closed-end fund structure, KYN offers a portfolio with focused exposure to the largest players in the midstream segment while maintaining financial flexibility through moderate leverage.

HOUSTON, June 03, 2025 (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 May 31, 2025.

As of May 31, 2025, the Company’s net assets were $2.3 billion, and its net asset value per share was $13.79. As of May 31, 2025, the Company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 740% and the Company’s asset coverage ratio under the 1940 Act with respect to total leverage (debt and preferred stock) was 530%.

STATEMENT OF ASSETS AND LIABILITIES MAY 31, 2025   // (UNAUDITED)
			(in millions)
Investments		$	3,184.4
Cash and cash equivalents			12.1
Receivable for securities sold			2.8
Accrued income			1.6
Other assets			1.0
Total assets			3,201.9
Notes			388.2
Unamortized notes issuance costs			(2.5	)
Preferred stock			153.6
Unamortized preferred stock issuance costs			(1.2	)
Total leverage			538.1
Payable for capital shares purchased			2.6
Other liabilities			19.8
Current tax liability, net			12.6
Deferred tax liability, net			297.1
Total liabilities			332.1
Net assets		$	2,331.7

The Company had 169,126,038 common shares outstanding as of May 31, 2025.

Long-term investments were comprised of Midstream Energy Companies (94%), Other (4%) and Utility Companies (2%).  

The Company’s ten largest holdings by issuer at May 31, 2025 were:

		Amount (in millions)			% Long Term Investments
1.	The Williams Companies, Inc. (Midstream Energy Company)	$	359.7		11.3%
2.	Energy Transfer LP (Midstream Energy Company)		319.4		10.0%
3.	Enterprise Products Partners L.P. (Midstream Energy Company)		313.6		9.8%
4.	MPLX LP (Midstream Energy Company)		308.6		9.7%
5.	Cheniere Energy, Inc. (Midstream Energy Company)		266.9		8.4%
6.	Kinder Morgan, Inc. (Midstream Energy Company)		215.4		6.8%
7.	ONEOK, Inc. (Midstream Energy Company)		186.4		5.9%
8.	TC Energy Corporation (Midstream Energy Company)		167.7		5.3%
9.	Targa Resources Corp. (Midstream Energy Company)		152.5		4.8%
10.	Western Midstream Partners, LP (Midstream Energy Company)		120.6		3.8%

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 80% of its total assets in securities of Energy Infrastructure Companies. See Glossary of Key Terms in the Company’s most recent quarterly or annual report for a description of these investment categories and the meaning of capitalized terms.

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 is KYN's net asset value per share as of May 31, 2025?

KYN's net asset value per share was $13.79 as of May 31, 2025.

What are the top 3 holdings in KYN's portfolio?

The top 3 holdings are The Williams Companies (11.3%), Energy Transfer LP (10.0%), and Enterprise Products Partners L.P. (9.8%).

What is KYN's asset coverage ratio for total leverage?

KYN's asset coverage ratio for total leverage (debt and preferred stock) was 530% as of May 31, 2025.

How much of KYN's portfolio is invested in Midstream Energy Companies?

94% of KYN's long-term investments are allocated to Midstream Energy Companies.

What is the total asset value of Kayne Anderson Energy Infrastructure Fund as of May 31, 2025?

The fund's total assets were $3,201.9 million (approximately $3.2 billion) as of May 31, 2025.