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

Rhea-AI Summary

Kayne Anderson Energy Infrastructure Fund (NYSE:KYN) has released its unaudited financial statement as of July 31, 2025, revealing net assets of $2.4 billion and a net asset value per share of $13.93. The fund demonstrated strong coverage ratios, with an asset coverage ratio of 746% for senior securities indebtedness and 535% for total leverage.

The fund's portfolio primarily consists of Midstream Energy Companies (94%), with the remaining allocated to Other (4%) and Power Infrastructure (2%). The top holdings include major players like Williams Companies (11.1%), Energy Transfer LP (10.2%), and MPLX LP (9.9%). With 169,126,038 common shares outstanding, the fund maintains a diversified portfolio of energy infrastructure investments.

Positive

• Strong asset coverage ratio of 746% for senior securities indebtedness
• Robust portfolio with $3.2 billion in investments
• Well-diversified among top-tier midstream energy companies
• Healthy net assets of $2.4 billion

Negative

• Significant deferred tax liability of $314.5 million
• High concentration in midstream energy sector (94%) may increase sector-specific risks

Insights

Closed-End Fund Analyst

KYN reports strong coverage ratios with $13.93 NAV, maintaining heavy midstream energy exposure at 94% of its $3.2B portfolio.

Kayne Anderson Energy Infrastructure Fund's latest financial snapshot reveals a solidly positioned portfolio with $2.4 billion in net assets and a NAV of $13.93 per share. The fund's leverage metrics are particularly noteworthy, with coverage ratios of 746% for debt and 535% for total leverage (debt plus preferred stock) - both substantially above regulatory requirements and indicating conservative financial management.

The portfolio remains heavily concentrated in the midstream energy sector (94%), with minimal exposure to power infrastructure (2%) and other sectors (4%). This concentration strategy reflects the fund's specialized focus rather than diversification. The top ten holdings constitute approximately 77% of long-term investments, with significant positions in major midstream players including Williams Companies (11.1%), Energy Transfer (10.2%), and MPLX (9.9%).

The fund's overall leverage stands at approximately $538.3 million, consisting of $368.2 million in notes, $153.6 million in preferred stock, and a $20 million credit facility. With total assets of $3.24 billion, this represents a moderate leverage ratio of about 16.6% of total assets. The fund maintains a sensible cash position of $9.4 million for operational flexibility.

For income-oriented investors, KYN's significant allocation to midstream energy infrastructure companies typically translates to substantial distribution potential, aligning with the fund's stated objective of providing high after-tax returns with an emphasis on cash distributions. The deferred tax liability of $314.5 million reflects the embedded gains in the portfolio and is an important consideration when evaluating the fund's true NAV.

HOUSTON, Aug. 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 July 31, 2025.

As of July 31, 2025, the Company’s net assets were $2.4 billion, and its net asset value per share was $13.93. As of July 31, 2025, the Company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 746% and the Company’s asset coverage ratio under the 1940 Act with respect to total leverage (debt and preferred stock) was 535%.

STATEMENT OF ASSETS AND LIABILITIES
JULY 31, 2025   // (UNAUDITED)
	(in millions)
Investments	$	3,218.6
Cash and cash equivalents		9.4
Receivable for securities sold		0.6
Accrued income		11.7
Other assets		0.8
Total assets		3,241.1
Credit facility		20.0
Notes		368.2
Unamortized notes issuance costs		(2.4	)
Preferred stock		153.6
Unamortized preferred stock issuance costs		(1.1	)
Total leverage		538.3
Payable for securities purchased		4.7
Other liabilities		15.7
Current tax liability, net		12.6
Deferred tax liability, net		314.5
Total liabilities		347.5
Net assets	$	2,355.3

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

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

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

		Amount (in millions)*		% Long Term Investments
1.	The Williams Companies, Inc. (Midstream Energy Company)	$356.3		11.1%
2.	Energy Transfer LP (Midstream Energy Company)	329.6		10.2%
3.	MPLX LP (Midstream Energy Company)	317.7		9.9%
4.	Enterprise Products Partners L.P. (Midstream Energy Company)	315.4		9.8%
5.	Cheniere Energy, Inc. (Midstream Energy Company)	270.4		8.4%
6.	Kinder Morgan, Inc. (Midstream Energy Company)	223.1		6.9%
7.	ONEOK, Inc. (Midstream Energy Company)	216.6		6.7%
8.	TC Energy Corporation (Midstream Energy Company)	166.1		5.2%
9.	Targa Resources Corp. (Midstream Energy Company)	160.7		5.0%
10.	Western Midstream Partners, LP (Midstream Energy Company)	115.6		3.6%
*	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 July 31, 2025?

KYN reported a net asset value per share of $13.93 as of July 31, 2025.

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

The top 3 holdings are Williams Companies (11.1%), Energy Transfer LP (10.2%), and MPLX LP (9.9%) of long-term investments.

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

KYN's asset coverage ratio for total leverage (debt and preferred stock) was 535% as of July 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 value of KYN's investments as of July 31, 2025?

KYN's total investments were valued at $3.22 billion as of July 31, 2025.