Kayne Anderson Energy Infrastructure Fund Provides Unaudited Balance Sheet Information and Announces Its Net Asset Value and Asset Coverage Ratios as of June 30, 2025

Rhea-AI Summary

Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) has reported its unaudited financial position as of June 30, 2025. The company's net assets stood at $2.4 billion, with a net asset value per share of $14.10. The fund demonstrated strong coverage ratios, with an asset coverage ratio of 714% for senior securities and 521% for total leverage.

The fund's investment portfolio, valued at $3.28 billion, is primarily focused on Midstream Energy Companies (94%), with the remaining allocation split between Power Infrastructure (3%) and Other investments (3%). The company's top holding is The Williams Companies, Inc., representing 11.4% of long-term investments, followed by Energy Transfer LP at 10.1% and Enterprise Products Partners L.P. at 9.6%.

As of the reporting date, KYN had 169,126,038 common shares outstanding. The fund maintains its investment objective of providing high after-tax total returns with an emphasis on cash distributions to stockholders, primarily investing in Energy Infrastructure Companies.

Positive

• Strong asset coverage ratio of 714% for senior securities
• Robust total leverage coverage ratio of 521%
• Well-diversified portfolio across major midstream energy companies
• Substantial total assets of $3.29 billion

Negative

• Significant leverage with total leverage of $563.2 million
• Large deferred tax liability of $319.1 million
• High portfolio concentration in midstream energy sector at 94%

Insights

Closed-End Fund Analyst

KYN reports strong financial position with robust 714% asset coverage ratio and $14.10 NAV, maintaining significant midstream energy exposure.

Kayne Anderson Energy Infrastructure Fund (KYN) has released its June 2025 financial metrics, showing a stable position with $2.4 billion in net assets and a per-share NAV of $14.10. The fund's leverage metrics reveal exceptionally strong asset coverage ratios of 714% for debt and 521% for total leverage (debt and preferred stock), well above the minimum requirements under the Investment Company Act of 1940.

The fund's balance sheet shows $3.28 billion in investments with a modest leverage profile of $563.2 million, split between credit facility borrowings, notes, and preferred stock. This conservative leverage approach provides significant downside protection while allowing for enhanced returns in favorable markets.

Portfolio allocation remains heavily concentrated in midstream energy infrastructure at 94%, with minimal exposure to power infrastructure and other sectors (both at 3%). The top ten holdings represent 75.9% of long-term investments, indicating a focused rather than diversified approach. Williams Companies leads the portfolio at 11.4%, followed by Energy Transfer (10.1%) and Enterprise Products Partners (9.6%).

The significant midstream concentration suggests management maintains a bullish outlook on energy infrastructure, particularly natural gas transportation and processing assets. The portfolio's core holdings feature companies with essential energy infrastructure, strong cash flows, and primarily fee-based business models that provide some insulation from direct commodity price fluctuations.

HOUSTON, July 01, 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 June 30, 2025.

As of June 30, 2025, the Company’s net assets were $2.4 billion, and its net asset value per share was $14.10. As of June 30, 2025, the Company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 714% and the Company’s asset coverage ratio under the 1940 Act with respect to total leverage (debt and preferred stock) was 521%.

STATEMENT OF ASSETS AND LIABILITIES JUNE 30, 2025   // (UNAUDITED)
		(in millions)
Investments		$	3,279.5
Cash and cash equivalents			6.0
Accrued income			2.8
Other assets			0.8
Total assets			3,289.1
Credit facility			45.0
Notes			368.2
Unamortized notes issuance costs			(2.5	)
Preferred stock			153.6
Unamortized preferred stock issuance costs			(1.1	)
Total leverage			563.2
Other liabilities			9.9
Current tax liability, net			12.6
Deferred tax liability, net			319.1
Total liabilities			341.6
Net assets		$	2,384.3

The Company had 169,126,038 common shares outstanding as of June 30, 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 June 30, 2025 were:

			Amount (in millions)*			% Long Term Investments
1.	The Williams Companies, Inc. (Midstream Energy Company)			$373.3		11.4	%
2.	Energy Transfer LP (Midstream Energy Company)			331.3		10.1	%
3.	Enterprise Products Partners L.P. (Midstream Energy Company)			315.6		9.6	%
4.	MPLX LP (Midstream Energy Company)			311.7		9.5	%
5.	Cheniere Energy, Inc. (Midstream Energy Company)			274.2		8.4	%
6.	Kinder Morgan, Inc. (Midstream Energy Company)			225.9		6.9	%
7.	ONEOK, Inc. (Midstream Energy Company)			215.4		6.6	%
8.	Targa Resources Corp. (Midstream Energy Company)			168.1		5.1	%
9.	TC Energy Corporation (Midstream Energy Company)			164.1		5.0	%
10.	Western Midstream Partners, LP (Midstream Energy Company)			109.9		3.3	%
*	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 June 30, 2025?

Kayne Anderson Energy Infrastructure Fund's net asset value per share was $14.10 as of June 30, 2025.

What are KYN's largest holdings as of June 30, 2025?

KYN's top three holdings are The Williams Companies (11.4%), Energy Transfer LP (10.1%), and Enterprise Products Partners L.P. (9.6%) of long-term investments.

What is KYN's asset coverage ratio under the 1940 Act?

KYN maintains an asset coverage ratio of 714% for senior securities and 521% for total leverage under the Investment Company Act of 1940.

How is KYN's investment portfolio allocated?

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

What are KYN's total assets and net assets as of June 30, 2025?

KYN reported total assets of $3.29 billion and net assets of $2.4 billion as of June 30, 2025.