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HOUSTON, Sept. 02, 2021 (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 August 31, 2021.
As of August 31, 2021, the Company’s net assets were $1.1 billion, and its net asset value per share was $8.89. As of August 31, 2021, the Company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 491% and the Company’s asset coverage ratio under the 1940 Act with respect to total leverage (debt and preferred stock) was 371%.
| Kayne Anderson Energy Infrastructure Fund, Inc. | ||||
| Statement of Assets and Liabilities | ||||
| August 31, 2021 | ||||
| (Unaudited) | ||||
| (in millions) | ||||
| Investments | $ | 1,530.6 | ||
| Cash and cash equivalents | 1.6 | |||
| Accrued income | 2.0 | |||
| Current tax receivable, net | 65.5 | |||
| Other assets | 1.2 | |||
| Total assets | 1,600.9 | |||
| Credit facility | 54.0 | |||
| Term loan | 50.0 | |||
| Unamortized term loan issuance costs | (0.1 | ) | ||
| Notes | 209.7 | |||
| Unamortized notes issuance costs | (1.0 | ) | ||
| Preferred stock | 101.7 | |||
| Unamortized preferred stock issuance costs | (1.3 | ) | ||
| Total leverage | 413.0 | |||
| Payable for securities purchased | 0.8 | |||
| Other liabilities | 8.6 | |||
| Deferred tax liability, net | 54.2 | |||
| Total liabilities | 63.6 | |||
| Net assets | $ | 1,124.3 | ||
The Company had 126,447,554 common shares outstanding as of August 31, 2021.
Long-term investments were comprised of Midstream Energy Company (82%), Utility Company (9%), Renewable Infrastructure Company (8%) and Other Energy (1%).
The Company’s ten largest holdings by issuer at August 31, 2021 were:
| Amount | Percent of | ||||||
| 1. | MPLX LP (Midstream Energy Company) | $204.5 | 13.4 | % | |||
| 2. | Enterprise Products Partners L.P. (Midstream Energy Company) | 174.0 | 11.4 | % | |||
| 3. | Energy Transfer LP (Midstream Energy Company) | 137.4 | 9.0 | % | |||
| 4. | Targa Resources Corp. (Midstream Energy Company) | 114.9 | 7.5 | % | |||
| 5. | The Williams Companies, Inc. (Midstream Energy Company) | 95.0 | 6.2 | % | |||
| 6. | Plains All American Pipeline, L.P. ** (Midstream Energy Company) | 82.9 | 5.4 | % | |||
| 7. | Western Midstream Partners, LP (Midstream Energy Company) | 73.8 | 4.8 | % | |||
| 8. | Magellan Midstream Partners, L.P. (Midstream Energy Company) | 60.7 | 4.0 | % | |||
| 9. | ONEOK, Inc. (Midstream Energy Company) | 55.6 | 3.6 | % | |||
| 10. | Cheniere Energy, Inc. (Midstream Energy Company) | 47.5 | 3.1 | % | |||
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* Excludes cash.
** Includes ownership of Plains All American Pipeline, L.P. (“PAA”) and Plains AAP, L.P. (“PAGP-AAP”).
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.