Kayne Anderson Energy Infrastructure Fund provides
HOUSTON, Oct 01, 2021 (GLOBE NEWSWIRE) – Kayne Anderson Energy Infrastructure Fund, Inc. (the “Company”) (NYSE: KYN) today provided an unaudited summary statement of assets and liabilities and announced its net asset value and asset coverage ratios under the Investment Companies Act of 1940 (the “Act of 1940”) as of September 30, 2021.
As at September 30, 2021, the Company’s net assets were $ 1.1 billion and its net asset value per share was $ 9.05. As at September 30, 2021, the Company’s asset coverage ratio under the Senior Debt Securities Act of 1940 was 501% and the Company’s asset coverage ratio under the Act of 1940 was 501%. of 1940 in terms of total indebtedness (debt and preferred shares) was 378%. .
|Kayne Anderson Energy Infrastructure Fund, Inc.|
|Statement of assets and liabilities|
|September 30, 2021|
|Cash and cash equivalents||1.3|
|Current tax receivable, net||12.6|
|Total assets||1 619.8|
|Unamortized term loan issuance costs||(0.2||)|
|Unamortized note issuance costs||(1.0||)|
|Unamortized preferred share issuance costs||(1.3||)|
|Deferred tax liability, net||59.6|
The Company had 126,447,554 common shares outstanding as of September 30, 2021.
Long-term investments included Midstream Energy Company (83%), Utility Company (9%), Renewable Infrastructure Company (7%) and Other Energy (1%).
The Company’s ten largest holdings by issuer as at September 30, 2021 were:
|1.||MPLX LP (Intermediate energy company)||$ 206.1||13.0||%|
|2.||Enterprise Products Partners LP (Midstream Energy Company)||169.9||10.7||%|
|3.||Energy Transfer LP||141.5||9.0||%|
|4.||Targa Resources Corp. (Intermediate energy company)||128.7||8.1||%|
|5.||The Williams Companies, Inc. (Midstream Energy Company)||99.8||6.3||%|
|6.||Plains All American Pipeline, LP ** (Midstream Energy Company)||90.6||5.7||%|
|7.||Western Midstream Partners, LP (Midstream Energy Company)||78.3||5.0||%|
|8.||ONEOK, Inc. (Mid-level energy company)||61.4||3.9||%|
|9.||Cheniere Energy, Inc. (Mid-level energy company)||57.2||3.6||%|
|ten.||Magellan Midstream Partners, LP (Midstream Energy Company)||56.2||3.6||%|
* Excludes cash.
** Includes ownership of Plains All American Pipeline, LP (“PAA”) and Plains AAP, LP (“PAGP-AAP”).
Portfolio holdings are subject to change without notice. Mention of specific securities is not a recommendation or solicitation for any person to buy, sell or hold any particular security. You can obtain a complete list of holdings by consulting the most recent quarterly or annual report of the Company.
Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) is an undiversified closed-end investment company registered under the Investment Companies Act of 1940, as amended, whose common shares are traded on the NYSE. The investment objective of the Company is to provide a high total after-tax return with an emphasis on cash distributions to shareholders. KYN intends to achieve this goal by investing at least 80% of its total assets in securities of energy infrastructure companies. See Glossary of Key Terms in the Company’s most recent quarterly report for a description of these investment categories and the meaning of the terms in capital letters.
This press release does not constitute an offer to sell or a solicitation to buy, nor will there be any sale of securities in any jurisdiction in which such an offer or sale is not permitted. Nothing in this press release is intended to recommend an investment policy or investment strategy or to take into account the objectives or specific circumstances of an investor. Please consult your investment, tax or legal adviser about your personal situation before investing.
CAUTION REGARDING FORWARD-LOOKING STATEMENTS: This communication contains statements that reflect assumptions, expectations, projections, intentions or beliefs about future events. These statements and others that do not relate strictly to historical or current facts constitute forward-looking statements within the meaning of US federal securities laws. Forward-looking statements involve a variety of risks and uncertainties. These risks include, but are not limited to, changes in economic and political conditions; regulatory and legal developments; energy industry risk; risk of leverage; valuation risk; interest rate risk; tax risk; and other risks discussed in detail in documents filed by the Company with the SEC, available at www.kaynefunds.com Where www.sec.gov. Actual events could differ materially from these statements or from our current expectations or projections. You should not place undue reliance on these forward-looking statements, which speak only as of the date they are made. Kayne Anderson assumes no obligation to publicly update or revise any forward-looking statements contained herein. There can be no assurance that the Company’s investment objectives will be achieved.