In This Article:
HOUSTON, Dec. 03, 2024 (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, 2024.
As of November 30, 2024, the Company’s net assets were $2.5 billion, and its net asset value per share was $15.03. As of November 30, 2024, the Company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 664% and the Company’s asset coverage ratio under the 1940 Act with respect to total leverage (debt and preferred stock) was 503%.
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| STATEMENT OF ASSETS AND LIABILITIES | ||||
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| (in millions) | ||
| Investments |
| $ | 3,533.0 |
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| Cash and cash equivalents |
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| 12.7 |
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| Receivable for securities sold |
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| 2.8 |
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| Accrued income |
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| 2.7 |
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| Other assets |
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| 0.6 |
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| Total assets |
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| 3,551.8 |
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| Credit facility |
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| 68.0 |
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| Notes |
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| 409.7 |
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| Unamortized notes issuance costs |
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| (2.7 | ) |
| Preferred stock |
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| 153.6 |
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| Unamortized preferred stock issuance costs |
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| (1.4 | ) |
| Total leverage |
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| 627.2 |
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| Other liabilities |
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| 19.7 |
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| Deferred tax liability, net |
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| 363.4 |
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| Total liabilities |
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| 383.1 |
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| Net assets |
| $ | 2,541.5 |
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The Company had 169,126,038 common shares outstanding as of November 30, 2024.
Long-term investments were comprised of Midstream Energy Companies (95%), Utility Companies (3%) and Other Energy (2%).
The Company’s ten largest holdings by issuer at November 30, 2024 were:
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| Amount |
| % Long Term |
| 1. | Energy Transfer LP (Midstream Energy Company) |
| $368.8 |
| 10.4% |
| 2. | Enterprise Products Partners L.P. (Midstream Energy Company) |
| 356.6 |
| 10.1% |
| 3. | The Williams Companies, Inc. (Midstream Energy Company) |
| 345.8 |
| 9.8% |
| 4. | MPLX LP (Midstream Energy Company) |
| 318.2 |
| 9.0% |
| 5. | Targa Resources Corp. (Midstream Energy Company) |
| 255.0 |
| 7.2% |
| 6. | ONEOK, Inc. (Midstream Energy Company) |
| 251.9 |
| 7.1% |
| 7. | Cheniere Energy, Inc. (Midstream Energy Company) |
| 227.7 |
| 6.4% |
| 8. | Kinder Morgan, Inc. (Midstream Energy Company) |
| 213.3 |
| 6.0% |
| 9. | Western Midstream Partners, LP (Midstream Energy Company) |
| 149.6 |
| 4.2% |
| 10. | Plains All American Pipeline, L.P. (Midstream Energy Company) |
| 132.7 |
| 3.8% |
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| * | Includes ownership of common and preferred units. |
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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.