Welcome to our dedicated page for Kayne Anderson Energy Infrastructure Fund news (Ticker: KYN), a resource for investors and traders seeking the latest updates and insights on Kayne Anderson Energy Infrastructure Fund stock.
Kayne Anderson Energy Infrastructure Fund, Inc. reports recurring closed-end fund updates tied to its energy infrastructure portfolio, monthly common-stock distributions, net asset value, and asset coverage ratios under the Investment Company Act of 1940. The fund’s common stock trades on the NYSE under KYN, and its stated investment objective emphasizes after-tax total return with cash distributions to stockholders.
Company updates commonly address portfolio exposure to Midstream Energy Companies and Power Infrastructure Companies, leverage through a credit facility, notes and preferred stock, and the tax character of distributions. News also covers financing actions such as revolving credit facility renewals and balance-sheet information for the fund’s assets, liabilities, deferred taxes, and outstanding common shares.
Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) reported its net asset value (NAV) and asset coverage ratios as of July 31, 2021. The company’s net assets were approximately $1.1 billion, with a NAV per share of $8.95. Asset coverage ratios were strong, with senior securities at 454% and total leverage at 351%. The fund's investments primarily consisted of midstream energy companies (83%), utility companies (9%), and renewable infrastructure (8%). The company held 126,447,554 common shares outstanding.
Kayne Anderson Energy Infrastructure Fund reported its assets and liabilities summary as of June 30, 2021.
The company’s net assets stand at $1.2 billion, and the net asset value per share is $9.49.
Asset coverage ratios are 452% for senior securities and 355% for total leverage, indicating strong financial health.
Investments are primarily in Midstream Energy Companies (84%).
The ten largest holdings constitute approximately 66.9% of total long-term investments.
Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) has announced a quarterly distribution of $0.175 per share for the fiscal quarter ending May 31, 2021, representing a 17% increase from the previous distribution. This new distribution, which reflects an 8.0% distribution rate based on KYN's closing stock price on June 23, 2021, is set for payment on July 13, 2021. The company asserts this increase is sustainable and results from robust performance in its midstream holdings, which are producing free cash flows exceeding dividend payments.
As of May 31, 2021, Kayne Anderson Energy Infrastructure Fund reported net assets of $1.2 billion and a net asset value per share of $9.13. The asset coverage ratio for senior securities was 495%, while the total leverage ratio stood at 375%. The company had 126,447,554 common shares outstanding, with investments primarily in Midstream Energy Companies (83%). The top holdings included MPLX LP, Enterprise Products Partners, and Energy Transfer LP, highlighting a strong focus on infrastructure within the energy sector.
On May 11, 2021, Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) announced the completion of a private placement totaling $70 million. This includes $50 million in Series PP floating rate notes and $20 million in Series QQ notes at 1.81%. The proceeds will primarily be utilized to refinance existing leverage and for general corporate purposes. KYN aims for high after-tax total returns, focusing on investments in energy infrastructure companies, with at least 80% of total assets allocated to this sector.
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.