Kayne Anderson Energy Infrastructure Fund, Inc (KYN)
NYSE · ClosedEndFund · CUSIP 486606106
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Security Profile

Security Type
Closed-End Fund
CUSIP
486606106
Market Cap
Large Cap · $2 Billion
IPO
9/29/2004 · $25.00/share
Previous Symbol
KYN
Previous Name
Kayne Anderson MLP/Midstream Investment Co.
Fund Description: Kayne Anderson Energy Infrastructure Fund, Inc formerly Kayne Anderson MLP/Midstream Investment Co., formerly Kayne Anderson MLP Investment Company 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. <p> INVESTMENT OBJECTIVE: Kayne Anderson Energy Infrastructure Fund, Inc seeks to obtain a high after-tax total return. FUND STRATEGY: <s> The Fund expects to achieve their investment objective by investing at least 85% of their net assets plus any borrowings in energy-related master limited partnerships and their affiliates (collectively, MLPs), and in other companies that, as their principal business, operate assets used in the gathering, transporting, processing, storing, refining, distributing, mining or marketing natural gas, natural gas liquids (including propane), crude oil, refined petroleum products or coal. The Fund will invest in equity securities of (i) master limited partnerships, including preferred, common and subordinated units and general partner interests, (ii) owners of such interests in master limited partnerships, and (iii) other Midstream Energy Companies. Additionally, the Fund may invest in debt securities of MLPs and other Midstream Energy Companies. The Fund intends to have invested 50% or more of their total assets in publicly traded securities of MLPs and other Midstream Energy Companies, and up to 50% of their total assets in unregistered or otherwise restricted securities of MLPs and other Midstream Energy Companies, including securities issued by private companies. </s> The Fund expects to achieve their investment objective by investing at least 80% of their net assets in public and private securities of Energy Infrastructure Companies with at least 50% in publicly traded securities of Energy Infrastructre Companies. The Fund may invest up to 20% of the total assets in debt securities, including below investment grade debt securities rated, at the time of investment, at least B3 by Moody’s, B- by Standard & Poor’s or Fitch, comparably rated by another rating agency or, if unrated, determined by the Fund to be of comparable quality. In addition, up to one-quarter of the funds permitted investments in debt securities (or up to 5% of our total assets) may be invested in unrated debt securities or debt securities that are rated less than B3/B- of public or private companies <p> FUND MANAGEMENT: KA Fund Advisors, LLC serves as the Fund's investment adviser.
Notes: July 23, 2020 -- The Board of Directors approved a change in the fund name to Kayne Anderson Energy Infrastructure Fund, Inc. and revisions to the non-fundamental investment policies that will, when effective, require us to invest at least 80% of our total assets in securities of Energy Infrastructure Companies. These changes will be effective on or about a date that is 60 days after the date that this report is mailed to stockholders. After these changes become effective, the following will be our non-fundamental policies, under normal market conditions <p> August 6, 2018 -- Kayne Anderson MLP/Midstream Investment Company (the Company) (NYSE: KYN) announced today the completion of the merger of Kayne Anderson Energy Development Company (KED) with and into KYN. KYN acquired substantially all of the assets and liabilities of KED in a tax-free transaction in exchange for an equal aggregate value of newly issued KYN common stock and cash proceeds for fractional shares.

Company Contact

CEO
Kevin S. McCarthy
CFO
Terry A. Hart
Headquarters
717 Texas Avenue, Suite 3100, Houston, TX 77002
Phone
310-229-9260 · Toll-Free 877-657-3863
Investor Relations
Monique Vo · 877-657-3863 · CEF@kaynecapital.com
General Email
info@kaynecapital.com
SEC EDGAR Filings
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