Kayne Anderson Energy Infrastructure Stock Price, News & Analysis

Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) has released its unaudited financial statement as of December 31, 2024. The company reported net assets of $2.4 billion and a net asset value per share of $13.90. The fund's asset coverage ratio for senior securities representing indebtedness was 653%, while the ratio for total leverage was 488%.

The fund's portfolio primarily consists of Midstream Energy Companies (94%), followed by Utility Companies (3%), Other Energy (2%), and Debt (1%). The top three holdings are Energy Transfer LP (11.1%), Enterprise Products Partners L.P. (10%), and The Williams Companies, Inc. (9.8%). The company had 169,126,038 common shares outstanding and total assets of $3.28 billion, with total leverage of $602.3 million.

Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) released its unaudited financial statement as of November 30, 2024. The fund reported net assets of $2.5 billion and a net asset value per share of $15.03. The company's asset coverage ratios were strong, with 664% for senior securities indebtedness and 503% for total leverage.

The fund's portfolio primarily consists of Midstream Energy Companies (95%), with smaller allocations to Utility Companies (3%) and Other Energy (2%). The top three holdings were Energy Transfer LP (10.4%), Enterprise Products Partners L.P. (10.1%), and The Williams Companies, Inc. (9.8%). Total assets stood at $3.55 billion, with total leverage of $627.2 million.

Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) reported its financial position as of October 31, 2024. The fund's net assets stood at $2.2 billion, with a net asset value per share of $12.97. The company's asset coverage ratios were strong, with 675% for senior securities indebtedness and 483% for total leverage. The portfolio primarily consists of Midstream Energy Companies (96%), with smaller allocations to Utility Companies (3%) and Other Energy (1%). The fund's largest holding is The Williams Companies, representing 10.3% of long-term investments, followed by Energy Transfer LP at 9.4%.

Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) announced a change in its distribution payment frequency from quarterly to monthly, starting November 2024. The company declared monthly distributions of $0.08 per share for November 2024, December 2024, and January 2025, equivalent to the previous quarterly distribution of $0.24 per share.

KYN's Board of Directors believes this change will make the fund more attractive to investors seeking more frequent payments. The company intends to continue declaring monthly distributions, subject to Board approval. Estimated return of capital for these distributions ranges from 0% to 75%, with final tax characterization to be determined after the end of the respective fiscal years.

KYN is a closed-end management investment company focused on providing high after-tax returns through investments in Energy Infrastructure Companies.

Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) released its unaudited balance sheet information and asset coverage ratios as of September 30, 2024. Key highlights include:

• Net assets: $2.1 billion
• Net asset value per share: $12.37
• Asset coverage ratio for senior securities (indebtedness): 632%
• Asset coverage ratio for total leverage: 456%

The fund's portfolio primarily consists of Midstream Energy Companies (94%), with smaller allocations to Utility Companies (5%) and Other Energy (1%). Top holdings include The Williams Companies, MPLX LP, and Energy Transfer LP, each representing 9.3% of long-term investments.

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) has announced a quarterly distribution of $0.24 per share for the fiscal quarter ended August 31, 2024. This represents a $0.02 increase (9%) over the previous quarter's distribution. The distribution is payable to common stockholders on October 7, 2024.

Jim Baker, KYN's Chairman, President and CEO, expressed satisfaction with the company's fiscal 2024 performance and emphasized the importance of distributions to investors. The company aims to steadily increase KYN's distribution over time, supported by its operating results.

KYN is a non-diversified, closed-end management investment company that invests at least 80% of its total assets in securities of Energy Infrastructure Companies. The company's objective is to provide a high after-tax total return with an emphasis on cash distributions to stockholders.

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) has successfully completed a private placement of $70 million in senior unsecured notes and $30 million in mandatory redeemable preferred shares (MRP Shares). The net proceeds will be used to refinance existing leverage and for general corporate purposes.

The placement includes:

• $30 million in Series YY Notes at 5.19% interest, maturing September 2031
• $40 million in Series ZZ Notes at 5.45% interest, maturing September 2036
• $30 million in Series X MRP Shares at 5.49% dividend rate, with mandatory redemption in September 2029

KYN is a closed-end management investment company focused on providing high after-tax total returns and cash distributions to stockholders, primarily investing in Energy Infrastructure Companies.

Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) has released its unaudited financial information as of August 31, 2024. The company reported net assets of $2.1 billion and a net asset value per share of $12.60. KYN's asset coverage ratios were strong, with 625% for senior securities representing indebtedness and 462% for total leverage.

The fund's investments totaled $2.98 billion, primarily allocated to Midstream Energy Companies (93%), with smaller allocations to Utility Companies (4%) and Other Energy (3%). KYN's top holdings include major players in the midstream energy sector such as The Williams Companies, Energy Transfer LP, and MPLX LP.

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) has announced a private placement of $100 million in financial instruments. This consists of $70 million in senior unsecured notes and $30 million in mandatory redeemable preferred shares (MRP Shares). The deal, expected to close around September 18, 2024, will be used to refinance existing leverage and for general corporate purposes.

The notes are divided into two series: Series YY ($30 million at 5.19% interest, maturing September 2031) and Series ZZ ($40 million at 5.45% interest, maturing September 2036). The MRP Shares (Series X) amount to $30 million with a 5.49% dividend rate and mandatory redemption in September 2029.