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HOUSTON, Nov. 02, 2020 (GLOBE NEWSWIRE) -- Kayne Anderson Energy Infrastructure Fund, Inc. (the “Company”) (NYSE: KYN) today provided a summary unaudited statement of assets and liabilities and announced its net asset value and asset coverage ratios under the Investment Company Act of 1940 (the “1940 Act”) as of October 31, 2020.
As of October 31, 2020, the Company’s net assets were $698 million, and its net asset value per share was $5.52. As of October 31, 2020, the Company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 521% and the Company’s asset coverage ratio under the 1940 Act with respect to total leverage (debt and preferred stock) was 308%.
| Kayne Anderson Energy Infrastructure Fund, Inc. | ||||
| Statement of Assets and Liabilities | ||||
| October 31, 2020 | ||||
| (Unaudited) | ||||
| (in millions) | ||||
| Investments | $ | 996.2 | ||
| Cash and cash equivalents | 0.6 | |||
| Receivable for securities sold | 2.5 | |||
| Deposits | - | |||
| Accrued income | 11.0 | |||
| Current tax asset, net | 26.2 | |||
| Other assets | 0.7 | |||
| Total assets | 1,037.2 | |||
| Credit facility | 25.0 | |||
| Notes | 173.3 | |||
| Unamortized notes issuance costs | (0.4 | ) | ||
| Preferred stock | 136.6 | |||
| Unamortized preferred stock issuance costs | (1.3 | ) | ||
| Total leverage | 333.2 | |||
| Total liabilities | 6.4 | |||
| Net assets | $ | 697.6 | ||
The Company had 126,447,554 common shares outstanding as of October 31, 2020.
Long-term investments were comprised of Midstream Energy Company (86%), Utility Company (8%) and Renewable Infrastructure Company (6%).
The Company’s ten largest holdings by issuer at October 31, 2020 were:
| Amount | Percent of | ||||||
| 1. | MPLX LP (Midstream Energy Company) | $128.4 | 12.9 | % | |||
| 2. | Enterprise Products Partners L.P. (Midstream Energy Company) | 116.5 | 11.7 | % | |||
| 3. | The Williams Companies, Inc. (Midstream Energy Company) | 93.0 | 9.3 | % | |||
| 4. | Energy Transfer LP (Midstream Energy Company) | 71.6 | 7.2 | % | |||
| 5. | Targa Resources Corp. (Midstream Energy Company) | 54.4 | 5.5 | % | |||
| 6. | Magellan Midstream Partners, L.P. (Midstream Energy Company) | 50.2 | 5.0 | % | |||
| 7. | Western Midstream Partners, LP (Midstream Energy Company) | 39.8 | 4.0 | % | |||
| 8. | Plains All American Pipeline, L.P. (Midstream Energy Company) | 37.5 | 3.8 | % | |||
| 9. | Shell Midstream Partners, L.P. (Midstream Energy Company) | 31.4 | 3.2 | % | |||
| 10. | ONEOK, Inc. (Midstream Energy Company) | 30.7 | 3.1 | % | |||
| ________________________ | |||||||
| * Excludes Cash | |||||||
Portfolio holdings are subject to change without notice. The 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 listing of holdings by viewing the Company’s most recent quarterly or annual report.