Kayne Anderson Energy Infrastructure Fund Announces Distribution
The Kayne Anderson Energy Infrastructure Fund, Inc. has announced a quarterly distribution of $0.24 per share for the fiscal quarter that just ended. This figure marks a notable increase of $0.02 per share from the last quarter's distribution. Stockholders can expect this distribution to be released soon.
Strong Performance Boosts Distribution Growth
Jim Baker, the Company's Chairman, President, and CEO, shared his satisfaction with the fund's performance over the past fiscal year. He highlighted how this increased distribution signifies a 9% growth compared to previous distributions. Baker stressed how important these distributions are for investors, reaffirming the company's dedication to consistently growing KYN's distribution over time, backed by strong operational results from the fund.
Distribution Timeline Details
Let's look at the distribution timeline that includes essential dates for stockholders:
Key Dates:
- Record Date / Ex-Date: 9/30/24
- Payment Date: 10/7/24
- Distribution Amount: $0.24 per share
- Return of Capital Estimate: 0%
This information is vital for investors to know when to expect their shares and plan accordingly.
Understanding Distribution Estimates
The estimates for the tax character of distributions are based on the company's expected earnings and profits. It’s important to remember that the final determination regarding the tax character will only be confirmed after the fiscal year ends and could significantly differ from the initial figures provided.
Overview of Kayne Anderson Energy Infrastructure Fund
Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) is a non-diversified, closed-end management investment company. It operates under the Investment Company Act of 1940, which regulates these types of entities. The fund is listed on the NYSE and seeks to achieve a high after-tax total return, focusing on returning cash to stockholders. The company strategically invests at least 80% of its total assets in securities tied to Energy Infrastructure Companies, engaging key sectors of the market.
Cash Distribution Policy
The Company follows a cash distribution policy for its common stockholders, but these distributions might change. They are not guaranteed and can vary due to various factors, including shifts in the portfolio and overall market dynamics.
Important Considerations for Investors
Potential investors should consult with their financial advisors before making any investment decisions. This is particularly important given the variability of market conditions that can influence future performance and distributions. Although the fund aims for transparency and substantial returns for its investors, evaluating personal financial circumstances and risk tolerance is crucial before investing.
Frequently Asked Questions
What is the distribution amount announced for Q3 2024?
The announced distribution amount is $0.24 per share for Q3 2024.
When will stockholders receive the distribution payment?
The payment date for the distribution is set for October 7, 2024.
What factors can affect the distribution amounts?
Distribution amounts may fluctuate based on portfolio holdings, market conditions, and the fund's overall operating performance.
What is the main investment focus of the Kayne Anderson Energy Infrastructure Fund?
The fund's primary objective is to invest in securities associated with Energy Infrastructure Companies to meet its investment goals.
Who should I contact if I want more information about the fund?
For more details, investors can contact investor relations at 877-657-3863 or reach out via email.
