Kayne Anderson Energy Infrastructure Stock Price, News & Analysis

On July 1, 2024, Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) released its unaudited balance sheet and net asset information for June 30, 2024. The fund reported net assets of $2.0 billion, with a net asset value per share of $11.79. The asset coverage ratio, under the Investment Company Act of 1940, was 621% for senior securities and 453% for total leverage. Long-term investments were valued at $2.78 billion, with midstream energy companies representing 92%, other energy 5%, and utilities 3%. The top holdings include Energy Transfer LP, MPLX LP, and Enterprise Products Partners L.P. Total liabilities were $263.6 million, including a deferred tax liability of $218.3 million. The company had 169,126,038 common shares outstanding.

Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) announced a quarterly distribution of $0.22 per share for the fiscal quarter ending May 31, 2024. The payment, scheduled for July 8, 2024, is based on anticipated earnings and profits, with an estimated 10% return of capital. The final tax characterization will be determined after the fiscal year ends. KYN focuses on providing high after-tax total returns, primarily through cash distributions, by investing at least 80% of its assets in Energy Infrastructure Companies. Distribution amounts may vary based on market conditions and portfolio changes.

Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) announced its unaudited balance sheet data as of May 31, 2024. The company reported net assets of $2.0 billion with a net asset value (NAV) per share of $11.61. Its asset coverage ratio was 614% for senior securities and 448% for total leverage. The fund's investments totaled $2,699.8 million, mainly in midstream energy companies. Long-term investments comprised 92% in Midstream Energy Companies, 5% in Other Energy, and 3% in Utility Companies. Major holdings included Energy Transfer LP and Enterprise Products Partners L.P. The company aims to offer high after-tax returns with cash distributions, investing at least 80% in Energy Infrastructure Companies.

Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) announced the completion of a private placement of $75 million in senior unsecured notes. Proceeds will be used to refinance existing leverage and for general corporate purposes.

The notes are divided into two series: $35 million at a fixed rate of 5.65%, maturing on May 22, 2031, and $40 million at a fixed rate of 5.79%, maturing on May 22, 2034. These notes will not be registered under the Securities Act of 1933 and cannot be sold in the U.S. without proper registration or an exemption.

KYN aims to provide high after-tax returns and cash distributions, investing at least 80% of its assets in Energy Infrastructure Companies. Distribution amounts may vary due to portfolio changes and market conditions.

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) released unaudited balance sheet information revealing $1.9 billion in net assets and a net asset value per share of $11.20 as of April 30, 2024. The Company's asset coverage ratios stood at 616% for senior securities representing indebtedness and 445% for total leverage under the 1940 Act. The statement of assets and liabilities for the same period highlighted investments at $2,607.1 million, with long-term investments heavily concentrated in Midstream Energy Companies like Enterprise Products Partners L.P. and Energy Transfer LP. KYN aims to deliver a high after-tax total return by investing at least 80% of its assets in Energy Infrastructure Companies, focusing on cash distributions to shareholders.