Kayne Anderson Energy Infrastructure Stock Price, News & Analysis

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) reported its unaudited statement of assets and liabilities as of April 30, 2021. The company's net assets stood at $1.1 billion with a net asset value per share of $8.64. The asset coverage ratio regarding senior securities was 510%, while the total leverage asset coverage ratio was 357%.

The fund's total assets reached $1.6 billion, primarily invested in Midstream Energy (83%), Utilities (9%), and Renewable Infrastructure (8%).

Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) announced a conditional agreement for a private placement of $70 million in senior unsecured notes. The placement is expected to close around May 11, 2021, with net proceeds aimed at refinancing existing leverage and general corporate purposes. Key terms include two series of notes: Series PP, a floating rate note of $50 million maturing on June 19, 2026, and Series QQ, a fixed rate note of $20 million maturing on June 19, 2025. The notes will not be registered under the Securities Act of 1933.

As of March 31, 2021, Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) reported net assets of $1.0 billion and a net asset value per share of $8.16. The asset coverage ratio for senior securities was 492%, while the ratio for total leverage stood at 344%. Total assets reached $1.475 billion, with significant investments in midstream energy (82%), utility (10%), and renewable infrastructure (8%). The company holds 126,447,554 common shares outstanding, with MPLX LP being the largest investment at $175 million, representing 12.5% of long-term investments.

Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) has declared a quarterly distribution of $0.15 per share for the fiscal quarter ending February 28, 2021. This distribution will be paid on March 31, 2021, with an ex-date of March 22, 2021 and a record date of March 23, 2021. The next distribution is expected in June 2021, contingent on Board approval and compliance with debt covenants. The distribution is considered a return of capital, estimated at 100%. However, future distributions are not guaranteed and may fluctuate based on market conditions.

As of February 28, 2021, Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) reported net assets of $988 million and a net asset value per share of $7.82. The company's asset coverage ratio was 524% for senior securities and 353% for total leverage. Total assets were valued at $1.384 billion, with 126,447,554 common shares outstanding. Investments include Midstream Energy Companies (82%), Renewable Infrastructure (9%), and Utility (9%). The fund aims to provide high after-tax returns with a focus on cash distributions.

Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) announced a $170 million unsecured revolving credit facility, maturing on February 25, 2022. This replaces a previous $225 million facility that was to mature on February 8, 2021. The new facility has an interest rate of LIBOR plus 1.30% based on current asset coverage ratios, with a commitment fee of 0.20% on unused amounts. As of February 8, 2021, KYN had $119 million in outstanding borrowings. The company's investment strategy focuses on achieving high after-tax returns with significant cash distributions to shareholders.

On January 4, 2021, Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) announced its net asset value and asset coverage ratios as of December 31, 2020. The company's net assets totaled $887 million with a net asset value per share of $7.02. The asset coverage ratio for senior securities was 465%, while the total leverage ratio was 313%. The fund's investments were primarily in Midstream Energy Companies (81%), followed by Utility Companies (10%) and Renewable Infrastructure Companies (9%).

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) declared a quarterly distribution of $0.15 per share for the period ending November 30, 2020. This distribution will be paid to common stockholders on December 31, 2020. The next distribution is anticipated to be announced and paid in March 2021. Future distributions depend on Board approval and compliance with the company's debt covenants. The company aims to provide high after-tax returns by investing at least 80% of assets in energy infrastructure securities.

Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) reported its financial metrics as of November 30, 2020. The net assets totaled $873 million, with a net asset value per share of $6.90. The asset coverage ratio concerning senior securities was 529%, while the total leverage asset coverage ratio stood at 335%. The fund's investments are primarily in Midstream Energy Companies (87%), with top holdings including MPLX LP, Enterprise Products Partners, and The Williams Companies. A total of 126,447,554 common shares are outstanding.