Kayne Anderson Energy Infrastructure Fund provides unaudited balance sheet information and publishes its net asset value and asset coverage ratios as of December 31, 2024.
HOUSTON, Jan. 02, 2025 (GLOBE NEWSWIRE) — Kayne Anderson Energy Infrastructure Fund, Inc. (Company) (NYSE: KYN ) today filed a condensed 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 December 31, 2024.
As of December 31, 2024, the Company’s net assets were $2.4 billion and its net asset value per share was $13.90. As of December 31, 2024, the coverage ratio of the Company’s assets under the 1940 Act with respect to senior securities representing indebtedness was 653%, and the coverage ratio of the Company’s assets under the 1940 Act with respect to total leverage (debt and preferred shares ) was 488%.
| ASSETS AND LIABILITIES REPORT DECEMBER 31, 2024 // (UNAUDITED) |
||||
| (in millions) | ||||
| investments | $ | 3,263.1 | ||
| Cash and cash equivalents | 4.9 | |||
| Receivable for sold securities | 1.1 | |||
| Calculate income | 3.2 | |||
| Current tax assets, net | 3.5 | |||
| Other assets | 0.5 | |||
| In total (EPA:) property | 3,276.3 | |||
| Credit facility | 43.0 | |||
| Notes | 409.7 | |||
| Costs of issuing unamortized notes | (2.7 | ) | ||
| Preferred shares | 153.6 | |||
| Unamortized costs of issuing preferred shares | (1.3 | ) | ||
| Total leverage | 602.3 | |||
| Other obligations | 10.0 | |||
| Deferred tax liability, net | 312.8 | |||
| Total liabilities | 322.8 | |||
| Net assets | $ | 2,351.2 | ||
As of December 31, 2024, the company had 169,126,038 ordinary shares.
Long-term investments consisted of midstream energy companies (94%), utilities (3%), other energy companies (2%) and debt (1%).
The ten largest shares of the Company according to the issuer as of December 31, 2024 were:
| Amount (in millions) |
% Long term investments |
|||
| 1. | Energy transfer (NYSE:) LP (Midstream Energy Company) | 363.8 dollars | 11.1% | |
| 2. | Enterprise Products Partners (NYSE:) LP (Midstream Energy Company) | 324.8 | 10.0% | |
| 3. | The Williams Companies (NYSE:), Inc. (Midstream Energy Company). | 319.8 | 9.8% | |
| 4. | MPLX LP (NYSE:) (Midstream Energy Company) | 294.8 | 9.0% | |
| 5. | Cheniere Energy (NYSE:), Inc. (Midstream Energy Company) | 232.4 | 7.1% | |
| 6. | Kinder Morgan (NYSE:), Inc. (Midstream Energy Company) | 206.7 | 6.3% | |
| 7. | Targa Resources (NYSE:) Corp. (Midstream Energy Company) | 189.4 | 5.8% | |
| 8. | ONEOK (NYSE:), Inc. (Midstream Energy Company) | 189.2 | 5.8% | |
| 9. | TC Energy (NYSE:) Corporation (Midstream Energy Company) | 160.7 | 4.9% | |
| 10. | Western Midstream Partners (NYSE:), LP (Midstream Energy Company) | 141.2 | 4.3% | |
| Includes ownership of common and preferred units. | ||||
Portfolio holdings are subject to change without notice. Mention of certain securities is not a recommendation or an invitation to any person to buy, sell or hold any particular security. A complete list of holdings can be obtained by reviewing the Company’s latest quarterly or annual report.
Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) is a non-diversified closed-end investment company registered under the Investment Company Act of 1940, as amended, whose common stock is traded on the NYSE. The Company’s investment objective is to provide a high total return after taxes with an emphasis on the distribution of cash to shareholders. KYN intends to achieve this goal by investing at least 80% of its total assets in the securities of energy infrastructure companies. See the Glossary of Key Terms in the Company’s most recent quarterly report for a description of these investment categories and the meaning of capitalized terms.
This press release will not constitute an offer to sell or an invitation to buy, nor will there be any sale of securities in any jurisdiction where such offer or sale is not permitted. Nothing contained in this press release is intended to recommend any investment policy or strategy or to take into account the specific objectives or circumstances of any investor. Before investing, consult your investment, tax or legal advisor about your personal circumstances.
WARNING REGARDING FORWARD-LOOKING STATEMENTS: This communication contains statements that reflect assumptions, expectations, projections, intentions or beliefs about future events. These and other statements that do not relate solely to historical or current facts constitute forward-looking statements as defined by US federal securities laws. Forward-looking statements involve a number of risks and uncertainties. These risks include, but are not limited to, changes in economic and political conditions; regulatory and legal changes; energy industry risk; leverage risk; valuation risk; interest rate risk; tax risk; and other risks discussed in detail in the Company’s filings with the SEC, available at www.kaynefunds.com or www.sec.gov. Actual events may differ materially from these statements or our current expectations or projections. You should not place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. Kayne Anderson undertakes no obligation to publicly update or revise any forward-looking statements made herein. There is no guarantee that the Company’s investment objectives will be achieved.
Contact Investor Relations at 877-657-3863 or cef@kayneanderson.com.
Source: Kayne Anderson Energy Infrastructure Fund, Inc.
