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

Rhea-AI Summary

Kayne Anderson Energy Infrastructure Fund (NYSE:KYN) has released its unaudited financial position as of August 31, 2025. The fund reported net assets of $2.3 billion and a net asset value per share of $13.82. The company maintains strong coverage ratios, with an asset coverage ratio of 723% for debt and 522% for total leverage.

The fund's portfolio consists primarily of Midstream Energy Companies (94%), with the remaining 6% split between Power Infrastructure and Other investments. The fund's top holdings include industry leaders like Williams Companies (10.7%), Enterprise Products Partners (10.1%), and Energy Transfer LP (10.0%) of long-term investments.

Positive

• Strong asset coverage ratio of 723% for debt securities
• Well-diversified portfolio with 94% in Midstream Energy Companies
• Substantial net assets of $2.3 billion
• Top 10 holdings represent established industry leaders in midstream energy

Negative

• Limited diversification with 94% concentration in Midstream Energy sector
• Significant deferred tax liability of $294.2 million

Insights

Closed-End Fund Analyst

KYN reports strong asset coverage ratios with high midstream energy concentration in its $2.3B portfolio.

Kayne Anderson Energy Infrastructure Fund's latest financial statement reveals several key metrics that showcase the fund's current positioning and financial health. With $2.3 billion in net assets and a NAV of $13.82 per share, the fund maintains exceptionally strong coverage ratios - 723% for senior securities indebtedness and 522% for total leverage.

These coverage ratios significantly exceed the minimum requirements under the 1940 Act (300% for debt and 200% for total leverage), indicating substantial cushion against asset value fluctuations. The fund's leverage structure includes $400 million in debt instruments and $153.6 million in preferred stock, creating a balanced approach to financial leverage.

Portfolio composition reveals a 94% concentration in Midstream Energy Companies, with minimal diversification into Power Infrastructure (3%) and Other sectors (3%). The top 10 holdings constitute approximately 78.5% of the portfolio, with significant allocations to industry leaders like Williams Companies (10.7%), Enterprise Products (10.1%), and Energy Transfer (10%).

This high concentration in midstream assets provides focused exposure to energy infrastructure, but also creates sector-specific risk. The substantial $294.2 million deferred tax liability represents unrealized appreciation in the portfolio, indicating potential future obligations upon asset disposition. The fund's limited cash position of $8.9 million (0.3% of assets) suggests nearly full deployment of capital in income-generating investments, aligning with its objective of providing high after-tax returns and regular cash distributions to shareholders.

HOUSTON, Sept. 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 August 31, 2025.

As of August 31, 2025, the Company’s net assets were $2.3 billion, and its net asset value per share was $13.82. As of August 31, 2025, the Company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 723% and the Company’s asset coverage ratio under the 1940 Act with respect to total leverage (debt and preferred stock) was 522%.

STATEMENT OF ASSETS AND LIABILITIES AUGUST 31, 2025   // (UNAUDITED)
		(in millions)
Investments		$	3,223.1
Cash and cash equivalents			8.9
Accrued income			2.1
Other assets			0.6
Total assets			3,234.7
Credit facility			50.0
Notes			350.0
Unamortized notes issuance costs			(2.4	)
Preferred stock			153.6
Unamortized preferred stock issuance costs			(1.1	)
Total leverage			550.1
Payable for securities purchased			15.2
Other liabilities			15.3
Current tax liability, net			22.4
Deferred tax liability, net			294.2
Total liabilities			347.1
Net assets		$	2,337.5

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

Long-term investments were comprised of Midstream Energy Companies (94%), Power Infrastructure (3%) and Other (3%).

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

			Amount (in millions)*			% Long Term Investments
1.	The Williams Companies, Inc. (Midstream Energy Company)		$344.0			10.7	%
2.	Enterprise Products Partners L.P. (Midstream Energy Company)			327.1		10.1	%
3.	Energy Transfer LP (Midstream Energy Company)			323.8		10.0	%
4.	MPLX LP (Midstream Energy Company)			292.4		9.1	%
5.	Cheniere Energy, Inc. (Midstream Energy Company)			277.2		8.6	%
6.	Kinder Morgan, Inc. (Midstream Energy Company)			244.4		7.6	%
8.	TC Energy Corporation (Midstream Energy Company)			211.3		6.6	%
7.	ONEOK, Inc. (Midstream Energy Company)			201.5		6.3	%
9.	Enbridge Inc. (Midstream Energy Company)			175.6		5.4	%
10.	Targa Resources Corp. (Midstream Energy Company)			130.7		4.1	%

*	Includes ownership of equity and debt investments.

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 August 31, 2025?

KYN reported a net asset value of $13.82 per share as of August 31, 2025.

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

The top 3 holdings are Williams Companies (10.7%), Enterprise Products Partners (10.1%), and Energy Transfer LP (10.0%) of long-term investments.

What is KYN's asset coverage ratio for debt as of August 2025?

KYN's asset coverage ratio under the 1940 Act for senior securities representing indebtedness was 723%.

How is KYN's investment portfolio allocated?

KYN's portfolio is allocated as 94% in Midstream Energy Companies, 3% in Power Infrastructure, and 3% in Other investments.

What is the total amount of KYN's net assets?

KYN reported total net assets of $2.3 billion as of August 31, 2025.