Fund Description: Kayne Anderson Midstream/Energy Fund is an exchange-traded closed-end fund or a closed-end ETF that is officially described as a non-diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The Kayne Anderson Midstream/Energy Fund seeks to provide a high level of total return with an emphasis on making quarterly cash distributions to their stockholders. FUND STRATEGY: The Fund seeks to achieve their investment objective by investing at least 80% of their total assets in securities of companies in the Midstream/Energy Sector, consisting of: (a) Midstream MLPs, (b) Midstream Companies, (c) Other MLPs and (d) Other Energy Companies. They anticipate that the majority of their investments will consist of investments in Midstream MLPs and Midstream Companies. The Fund generally will seek to enhance their total returns through the use of financial leverage, which may include the issuance of debt and preferred stock. Under normal market conditions, their policy is to utilize Leverage Instruments in an amount that represents approximately 30% of their total assets. The Fund intends to elect to be treated for federal income tax purposes as a regulated investment company, or RIC. As a RIC, they generally will not be required to pay federal income taxes on any ordinary income or capital gains that they receive from their portfolio investments and distribute to their stockholders as dividends. FUND MANAGEMENT: KA Fund Advisors, LLC serves as the Fund's investment advisor.