Kayne Anderson MLP/Midstream Investment Company Provides an Update on its Balance Sheet
Kayne Anderson Energy Infrastructure Fund, Inc. (KYN)
US:NYSE Investor Relations:
kaynefunds.com/kyn/fact-sheet
Company Research
Source: GlobeNewswire
HOUSTON, March 23, 2020 (GLOBE NEWSWIRE) -- Kayne Anderson MLP/Midstream Investment Company (NYSE: KYN) (the “Company”) announced today an update on its balance sheet and leverage levels. The Company has continued to take steps to increase its cash position. As of March 20, 2020, the Company had $497 million of cash on its balance sheet, including cash it will receive today for securities it has recently sold. The Company plans to prudently use its cash balance to reduce leverage levels over the next month in a way that minimizes prepayment penalties and maximizes shareholder value. Currently, the Company has $531 million of unsecured senior notes and $342 million of mandatory redeemable preferred shares outstanding. It is the Company’s intention to comply with all applicable 1940 Act leverage tests as well as the covenants on its debt agreements and the terms of its preferred stock. As of March 20th, the Company’s asset coverage ratio under the 1940 Act with respect to senior se
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News
- KYN: 9% Dividend Hike, Now Pays Monthly [Seeking Alpha]Seeking Alpha
- Kayne Anderson Energy Infrastructure Fund Provides Unaudited Balance Sheet Information and Announces Its Net Asset Value and Asset Coverage Ratios at October 31, 2024GlobeNewswire
- Kayne Anderson Energy Infrastructure Fund Announces Change to Monthly Distributions and Announces Distributions [Yahoo! Finance]Yahoo! Finance
- Kayne Anderson Energy Infrastructure Fund Announces Change to Monthly Distributions and Announces DistributionsGlobeNewswire
- Kayne Anderson Energy Infrastructure Fund Provides Unaudited Balance Sheet Information and Announces Its Net Asset Value and Asset Coverage Ratios at September 30, 2024GlobeNewswire
KYN
Sec Filings
- 11/26/24 - Form 40-17G
- 11/21/24 - Form 4
- 11/21/24 - Form 4
- KYN's page on the SEC website