[Form 4] Kayne Anderson Energy Infrastructure Fund, Inc. Insider Trading Activity
Rhea-AI Filing Summary
The filing reports that Kayne Anderson Energy Infrastructure Fund's 3.82% Series TT Senior Unsecured Notes due August 8, 2025 matured on August 8, 2025, and the issuer repaid the original principal amount plus accrued and unpaid interest. The filing notes that the accrued interest is exempt from Section 16 under Rule 16a-9.
The positions were held directly by clients for whom MetLife Investment Management, LLC serves as investment manager; MetLife disclaims beneficial ownership except to the extent of its pecuniary interest. The report lists amounts of 664,175 and 1,692,306 in connection with the matured Series TT notes (totaling 2,356,481).
Positive
- Repayment completed: Issuer repaid original principal plus accrued and unpaid interest on the Series TT notes upon maturity.
- Regulatory clarity: Accrued interest on the maturity is stated as exempt from Section 16 under Rule 16a-9.
- Client holdings disclosed: The notes were held directly by clients managed by MetLife Investment Management, LLC, and the report clarifies the reporting relationship.
Negative
- None.
Insights
TL;DR: Routine debt maturity reported; repayment completed and interests exempt under Rule 16a-9, holdings were client-owned under MetLife IM management.
This Form 4 documents the contractual maturity and repayment of KYN's 3.82% Series TT notes, with the issuer returning principal plus accrued interest. Because the notes matured, the transaction reflects settlement rather than a discretionary trade by the reporting investment manager. The filing clarifies that positions were held directly for MetLife IM clients and that the reporting entity disclaims beneficial ownership except for pecuniary interest, which limits governance or control implications from this report.
TL;DR: No governance red flags; the disclosure shows client-held positions and an outright maturity repayment rather than an insider-driven disposition.
The document indicates that the repayment arose from instrument maturity rather than an active sale by the reporting person. The explicit disclaimer of beneficial ownership, combined with the statement that holdings were held for clients, suggests limited direct influence by MetLife IM over the securities for Section 16 purposes. The exemption of accrued interest under Rule 16a-9 is noted and appropriately disclosed.