Kayne Anderson Energy Infrastructure Fund Provides Unaudited Balance Sheet Information and Announces its Net Asset Value and Asset Coverage Ratios at November 30, 2023
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HOUSTON, Dec. 04, 2023 (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 November 30, 2023.
As of November 30, 2023, the Company’s net assets were $1.8 billion, and its net asset value per share was $10.51. As of November 30, 2023, the Company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 659% and the Company’s asset coverage ratio under the 1940 Act with respect to total leverage (debt and preferred stock) was 456%.
| Kayne Anderson Energy Infrastructure Fund, Inc. |
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| Statement of Assets and Liabilities |
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| November 30, 2023 |
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| (Unaudited) |
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| (in millions) |
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| Investments |
| $ | 2,414.2 |
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| Cash and cash equivalents |
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| 0.6 |
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| Accrued income |
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| 3.2 |
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| Current tax asset, net |
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| 5.2 |
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| Other assets |
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| 0.9 |
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| Total assets |
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| 2,424.1 |
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| Credit facility |
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| 9.0 |
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| Term loan |
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| 50.0 |
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| Notes |
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| 286.7 |
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| Unamortized notes issuance costs |
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| (1.5 | ) |
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| Preferred stock |
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| 153.1 |
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| Unamortized preferred stock issuance costs |
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| (1.5 | ) |
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| Total leverage |
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| 495.8 |
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| Payable for securities purchased |
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| 5.0 |
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| Other liabilities |
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| 14.4 |
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| Deferred tax liability, net |
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| 131.3 |
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| Total liabilities |
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| 150.7 |
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| Net assets |
| $ | 1,777.6 |
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The Company had 169,126,038 common shares outstanding as of November 30, 2023.
Long-term investments were comprised of Midstream Energy Company (89%), Utility Company (4%), Renewable Infrastructure Company (4%) and Other Energy (3%).
The Company’s ten largest holdings by issuer at November 30, 2023 were:
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| Amount |
| Percent of | ||
| 1. | Enterprise Products Partners L.P. (Midstream Energy Company) |
| $ | 263.2 |
| 10.9 | % |
| 2. | Energy Transfer LP (Midstream Energy Company) |
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| 240.7 |
| 10.0 | % |
| 3. | MPLX LP (Midstream Energy Company) |
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| 224.6 |
| 9.3 | % |
| 4. | The Williams Companies, Inc. (Midstream Energy Company) |
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| 189.9 |
| 7.9 | % |
| 5. | Targa Resources Corp. (Midstream Energy Company) |
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| 176.9 |
| 7.3 | % |
| 6. | Cheniere Energy, Inc. (Midstream Energy Company) |
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| 171.5 |
| 7.1 | % |
| 7. | ONEOK, Inc. (Midstream Energy Company) |
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| 162.1 |
| 6.7 | % |
| 8. | Plains All American Pipeline, L.P.** (Midstream Energy Company) |
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| 159.9 |
| 6.6 | % |
| 9. | Western Midstream Partners, LP (Midstream Energy Company) |
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| 97.5 |
| 4.0 | % |
| 10. | Kinder Morgan, Inc. (Midstream Energy Company) |
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| 87.5 |
| 3.6 | % |
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