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

Rhea-AI Summary

Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) provided unaudited December 31, 2025 balance sheet details and announced its net asset value (NAV) and asset coverage ratios.

Key figures: Net assets $2,294.9M, NAV per share $13.57 (169,126,038 shares outstanding), total assets $3,200.3M, and total leverage $599.6M. Asset coverage under the 1940 Act was 644% for senior indebtedness and 480% for total leverage. Long-term investments totaled $3,192.7M and were concentrated in midstream energy (95%), power infrastructure (4%) and other (1%).

The release lists the ten largest holdings by issuer, led by Williams (10.6%), Enterprise Products (10.2%), and MPLX (9.6%).

Positive

• Net assets of $2,294.9M
• NAV per share of $13.57
• Asset coverage for senior indebtedness of 644%

Negative

• Total leverage of $599.6M
• Deferred tax liability, net of $295.3M

News Market Reaction

-2.51%

1 alert

-2.51% News Effect

On the day this news was published, KYN declined 2.51%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Net assets: $2.3 billion NAV per share: $13.57 Asset coverage (debt): 644% +5 more

8 metrics

Net assets $2.3 billion As of December 31, 2025

NAV per share $13.57 As of December 31, 2025

Asset coverage (debt) 644% 1940 Act, senior securities representing indebtedness, 12/31/2025

Asset coverage (total leverage) 480% 1940 Act, debt and preferred stock, 12/31/2025

Investments $3,192.7M Statement of assets and liabilities, 12/31/2025

Total assets $3,200.3M Statement of assets and liabilities, 12/31/2025

Total leverage $599.6M Debt and preferred stock, 12/31/2025

Common shares 169,126,038 Shares outstanding as of December 31, 2025

Market Reality Check

Price: $12.50 Vol: Volume 521,371 is 1.48x t...

normal vol

$12.50 Last Close

Volume Volume 521,371 is 1.48x the 20-day average of 352,364 ahead of this NAV update. normal

Technical Price 12.36 is trading above the 200-day MA at 12.14, with shares about 9.45% below the 52-week high of 13.65.

Peers on Argus

Peers in Asset Management showed mixed, low-single-digit moves (e.g., UTF +0.91%...

Peers in Asset Management showed mixed, low-single-digit moves (e.g., UTF +0.91%, BBUC +0.69%, GDV -0.18%), suggesting KYN’s trading reflected stock-specific factors rather than a broad sector trend.

Historical Context

5 past events · Latest: Dec 18 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 18	Distribution increase	Positive	+1.6%	Raised monthly distribution to $0.085, a 6.3% increase for January 2026.
Dec 02	NAV/coverage update	Neutral	+1.8%	Reported Nov 30 NAV of $13.79 and strong 1940 Act asset coverage ratios.
Dec 01	Monthly distribution	Neutral	-0.8%	Announced $0.08 December 2025 distribution with estimated 75% return of capital.
Nov 03	NAV/coverage update	Neutral	-2.4%	Outlined Oct 31 NAV of $13.13, $3,074.3M investments and leverage metrics.
Nov 03	Monthly distribution	Neutral	-0.5%	Declared $0.08 November 2025 distribution with partial return of capital.

Pattern Detected

Recent NAV/coverage updates and distribution announcements have led to mixed reactions, with more instances of price moves diverging from the neutral tone of the news than clear alignments.

Recent Company History

Over the past few months, KYN has regularly reported unaudited balance sheet data and NAV metrics, alongside monthly distribution announcements. NAV updates on Oct 31, 2025 and Nov 30, 2025 detailed net assets around the $2.2–2.3B range, total assets above $3.0B, and significant asset coverage under the 1940 Act. Distributions of $0.08 per share for November and December 2025 were followed by a 6.3% increase to $0.085 for January 2026. Today’s NAV and coverage disclosure continues this pattern of frequent portfolio transparency.

Market Pulse Summary

This announcement provided unaudited balance sheet details as of December 31, 2025, highlighting net...

Analysis

This announcement provided unaudited balance sheet details as of December 31, 2025, highlighting net assets of $2.3 billion, NAV of $13.57, and strong 1940 Act asset coverage ratios of 644% for debt and 480% for total leverage. Investors may compare these figures with prior updates to track trends in assets, leverage, and portfolio composition, particularly the heavy midstream allocation. Monitoring subsequent NAV releases and distribution decisions can help assess how these metrics evolve.

Key Terms

net asset value, asset coverage ratio, Investment Company Act of 1940, senior securities, +4 more

8 terms

net asset value financial

"and announced its net asset value and asset coverage ratios under the Investment"

Net asset value is the total value of an investment fund's assets minus any liabilities, divided by the number of shares or units outstanding. It represents the per-share worth of the fund, similar to how the value of a house is determined by its total worth after debts are subtracted. Investors use it to gauge the true value of their holdings and to compare different investment options.

asset coverage ratio financial

"asset coverage ratio under the 1940 Act with respect to senior securities representing"

Asset coverage ratio measures how much of a company’s debt or preferred claims could be paid off using its tangible assets if the business had to be sold. It’s a safety check for investors and creditors, showing the size of the asset “cushion” available to meet obligations; a higher ratio means more protection, like having enough savings and sellable belongings to cover outstanding bills, while a low ratio signals greater risk of loss.

Investment Company Act of 1940 regulatory

"asset coverage ratios under the Investment Company Act of 1940 (the “1940 Act”)"

A U.S. federal law that sets the rulebook for pooled investment vehicles such as mutual funds, exchange-traded funds and similar money managers, requiring them to register with regulators, disclose holdings and fees, limit conflicts of interest, and follow governance standards. It matters to investors because these protections and transparency rules act like a referee and scoreboard, helping people compare funds, trust that managers follow fair practices, and spot hidden costs or risks.

senior securities financial

"asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness"

Senior securities are financial claims—like certain bonds or preferred shares—that have priority over other obligations if a company runs into financial trouble or is liquidated. Think of them as being first in line to be repaid; that higher repayment priority generally makes them less risky but also often offers lower upside than more junior claims, so investors weigh safety against potential return.

preferred stock financial

"asset coverage ratio under the 1940 Act with respect to total leverage (debt and preferred stock)"

Preferred stock is a type of ownership in a company that typically offers investors higher and more consistent dividend payments than common stock. Unlike regular shares, preferred stock usually doesn’t come with voting rights but provides a priority claim on the company’s assets and profits, making it a more stable and predictable investment option. This makes preferred stock attractive to those seeking steady income with lower risk.

closed-end management investment company financial

"KYN is a non-diversified, closed-end management investment company registered under"

A closed-end management investment company is a pooled investment fund that raises a fixed amount of capital by issuing a set number of shares and then lists those shares for trading on an exchange; investors buy and sell shares on the market rather than redeeming them back to the fund. Think of it like a store with a fixed number of bottles on the shelf: the market price can be higher or lower than the underlying value of the assets, which matters to investors because it affects returns, liquidity and income characteristics independent of the fund’s actual holdings.

return of capital financial

"The company estimates the distribution is 75% return of capital, subject to final"

Return of capital is when an investor receives money from their investment that is not considered profit or earnings but rather a portion of the original amount they invested. It’s similar to getting back part of your initial savings rather than gains from it. This matters because it can affect how much money an investor still has in the investment and may have tax implications.

forward-looking statements regulatory

"CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This communication contains statements"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

AI-generated analysis. Not financial advice.

HOUSTON, Jan. 02, 2026 (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 December 31, 2025.

As of December 31, 2025, the Company’s net assets were $2.3 billion, and its net asset value per share was $13.57. As of December 31, 2025, the Company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 644% and the Company’s asset coverage ratio under the 1940 Act with respect to total leverage (debt and preferred stock) was 480%.

STATEMENT OF ASSETS AND LIABILITIES DECEMBER 31, 2025   // (UNAUDITED)
		(in millions)
Investments		$	3,192.7
Cash and cash equivalents			2.1
Accrued income			3.3
Current tax asset, net			1.7
Other assets			0.5
Total assets			3,200.3
Credit facility			50.0
Notes			400.0
Unamortized notes issuance costs			(3.0	)
Preferred stock			153.6
Unamortized preferred stock issuance costs			(1.0	)
Total leverage			599.6
Other liabilities			10.5
Deferred tax liability, net			295.3
Total liabilities			305.8
Net assets		$	2,294.9

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

Long-term investments were comprised of Midstream Energy Companies (95%), Power Infrastructure Companies (4%) and Other (1%).

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

				Amount (in millions)		% Long-Term Investments
1.	The Williams Companies, Inc. (Midstream Energy Company)		$	338.4		10.6	%
2.	Enterprise Products Partners L.P. (Midstream Energy Company)			326.3		10.2	%
3.	MPLX LP (Midstream Energy Company)			306.8		9.6	%
4.	Energy Transfer LP (Midstream Energy Company)			301.3		9.4	%
5.	Kinder Morgan, Inc. (Midstream Energy Company)			249.0		7.8	%
6.	Cheniere Energy, Inc. (Midstream Energy Company)			222.9		7.0	%
7.	TC Energy Corporation (Midstream Energy Company)			220.7		6.9	%
8.	ONEOK, Inc. (Midstream Energy Company)			193.9		6.1	%
9.	Enbridge Inc. (Midstream Energy Company)			172.4		5.4	%
10.	Western Midstream Partners, LP (Midstream Energy Company)			128.3		4.0	%

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 was KYN's net asset value per share as of December 31, 2025?

KYN reported a NAV per share of $13.57 as of December 31, 2025.

How much net assets did Kayne Anderson Energy Infrastructure Fund (KYN) report on December 31, 2025?

The company reported $2,294.9 million in net assets as of December 31, 2025.

What were KYN's asset coverage ratios under the 1940 Act on December 31, 2025?

KYN reported an asset coverage ratio of 644% for senior indebtedness and 480% for total leverage as of December 31, 2025.

How large was KYN's total leverage and total assets at December 31, 2025?

Total leverage was $599.6 million and total assets were $3,200.3 million as of December 31, 2025.

What percentage of KYN's long-term investments were in midstream energy at year-end 2025?

Long-term investments were 95% allocated to midstream energy companies as of December 31, 2025.

Which issuers were KYN's largest holdings at December 31, 2025 and what were their weights?

The top three holdings were Williams (10.6%), Enterprise Products (10.2%), and MPLX (9.6%) of long-term investments as of December 31, 2025.