Kayne Anderson Energy Fund Highlights Financial Stability
Overview of Kayne Anderson Energy Infrastructure Fund
The Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) recently reported important financial metrics, showcasing its robust performance as of February 28, 2025. With a net asset value significantly reflecting the health of the fund, investors are keenly observing the performance of this closed-end management investment company.
Net Asset Values and Coverage Ratios
As of the latest reporting date, the Kayne Anderson Energy Infrastructure Fund recorded remarkable figures. The net assets stood firm at $2.5 billion, showing a commendable net asset value per share of $14.60. Additionally, the fund’s asset coverage ratio pertaining to senior securities was 623%, while the overall leverage coverage ratio reached 477%, highlighting the fund's secure financial footing.
Statement of Assets and Liabilities
The Fund's assets totaled approximately $3.48 billion, composed mainly of investments in midstream energy companies. Long-term investments constituted 94% of the portfolio, reflecting a strong commitment to the energy sector's stability.
Investment Composition
The nature of the investments included not only cash and cash equivalents but also accrued income, which together fueled the fund's ability to generate returns. The cash reserves were modest but significant enough to ensure liquidity, with total assets finely balanced against liabilities. The strategy remains focused, allocating at least 80% of assets into assets of energy infrastructure companies.
Top Holdings Summary
As of the reporting date, the portfolio was diversified with key holdings including industry giants. The ten largest investments represent a mix of entities dominating the midstream energy space:
- The Williams Companies, Inc. - $359.2 million (10.3% of holdings)
- Energy Transfer LP - $358.7 million (10.3% of holdings)
- Enterprise Products Partners L.P. - $346 million (10.0% of holdings)
- MPLX LP - $332.1 million (9.6% of holdings)
- Cheniere Energy, Inc. - $261.9 million (7.5% of holdings)
- Kinder Morgan, Inc. - $211.9 million (6.1% of holdings)
- Targa Resources Corp. - $209.1 million (6.0% of holdings)
- ONEOK, Inc. - $204 million (5.9% of holdings)
- TC Energy Corporation - $175.7 million (5.1% of holdings)
- Western Midstream Partners, LP - $149.1 million (4.3% of holdings)
This strategic collection of assets highlights the fund's focus on midstream energy, ensuring robust engagement with established players in the field.
Investment Strategy
Kayne Anderson Energy Infrastructure Fund is designed to deliver a high after-tax total return, capitalizing on its in-depth understanding of the energy markets. By concentrating investments predominantly on energy infrastructure companies, the fund aims to provide significant value to its shareholders while managing risk adeptly.
Conclusion
With a solid financial base and a well-structured investment strategy, Kayne Anderson Energy Infrastructure Fund continues to attract investor interest in the dynamic energy landscape. The figures reported reflect not just numbers but a well-charted course aimed at ensuring growth and sustainability in shareholder value.
Frequently Asked Questions
What is Kayne Anderson Energy Infrastructure Fund?
It's a non-diversified, closed-end management investment company focused on energy infrastructure.
How has the fund performed recently?
The fund reported a net asset value of $2.5 billion and a net asset value per share of $14.60 as of February 28, 2025.
What sectors does the fund primarily invest in?
The fund primarily invests in midstream energy companies and related sectors.
How many common shares does the fund have outstanding?
There were 169,126,038 common shares outstanding as of February 28, 2025.
What is the investment strategy of Kayne Anderson Fund?
The strategy focuses on a high after-tax total return, with an emphasis on cash distributions to shareholders.
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