Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) reported its unaudited statement of assets and liabilities back in 2024, and you could feel the buzz on the desks. The fund’s net assets shot up to around $2.1 billion with a solid net asset value per share of $12.37—numbers that had traders doing some quick mental math, ya know? Asset coverage ratios were stunning too; they clocked in at a jaw-dropping 632% for senior securities tied to indebtedness and a robust 456% for total leverage factoring both debt and preferred stock.
The numbers told an interesting story but made folks wonder if this was all smoke and mirrors or if they really knew what they were doing with those figures—desks love these kinds of metrics, but sometimes it feels like whack-a-mole trying to keep it all straight.
KYN Financials: A Deep Dive into Assets
Looking closer at the assets side, as of the last reporting period, investments totaled about $2.96 billion—a hefty sum that raised eyebrows. Cash? Only $15.8 million was sitting pretty in cash equivalents, which isn’t much cushion when things get bumpy—traders often sweat bullets over low liquidity situations like that. Accrued income hung around at $2.2 million while other assets added just a measly $0.6 million to the pot.
- Investments: $2,957.6 million
- Cash and Cash Equivalents: $15.8 million
- Accrued Income: $2.2 million
- Other Assets: $0.6 million
Total liabilities stood at about $300 million—nowhere near crippling but significant enough for seasoned traders to keep their eyes peeled on potential red flags down the line.
Pushing Forward: Investment Strategy & Holdings
The fund kept its focus sharp on midstream energy companies—94% of its investments were tied up there—which is a classic play when you want steady cash flows amidst market chaos; think pipelines over stocks that go boom or bust every quarter. But hey, not everything's midstream—5% dipped into utility companies and just 1% wandered off into other energy sectors.
You can bet your bottom dollar that traders dissected every piece of this strategy after seeing those percentages flash across their screens; diversification can either save your bacon or drag you down during downturns.
- The Williams Companies, Inc.: $274.3 million (9.3%)
- MPLX LP: $273.9 million (9.3%)
- Energy Transfer LP: $273.8 million (9.3%)
- Enterprise Products Partners L.P.: $260.7 million (8.8%)
- ONEOK, Inc.: $218.1 million (7.4%)
- Targa Resources Corp.: $204.4 million (6.9%)
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- Western Midstream Partners, LP: $167.1 million (5.6%)
- Kinder Morgan, Inc.: $166.7 million (5.6%)
- Pembina Pipeline Corporation: $130.{insert number}
