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, 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.
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