Kayne Anderson Energy Infrastructure Fund Updates Key Financials
Kayne Anderson Energy Infrastructure Fund Announces Financial Updates
HOUSTON, Sept. 04, 2024 -- Kayne Anderson Energy Infrastructure Fund, Inc. (the "Company") (NYSE: KYN) has recently released an overview of its financial standing, including key unaudited statements of assets and liabilities. This information is relevant for stakeholders who monitor the company's performance under the Investment Company Act of 1940.
Financial Highlights as of August 31, 2024
According to the latest reports, Kayne Anderson Energy Infrastructure Fund's net assets reached an impressive $2.1 billion. The calculated net asset value per share stands at $12.60. Furthermore, the company reported significant asset coverage ratios: a robust 625% regarding senior securities representing indebtedness and 462% for total leverage, which includes debt and preferred stock.
Detailed Overview of Assets and Liabilities
As of the same date, the Company’s comprehensive statement revealed the following:
Total Assets: $2,982.3 million
Breakdown of Major Assets
Major components of the total assets include:
- Investments: $2,977.4 million
- Cash and cash equivalents: $1.3 million
- Accrued income: $2.9 million
- Other assets: $0.7 million
The total liabilities amounted to $266.4 million, which includes items like credit facilities and other financial obligations. This allowed for a net assets figure of $2,130.8 million, affirming the fund’s solid financial footing.
Composition of Long-Term Investments
Kayne Anderson has diversified its long-term investment portfolio, primarily focusing on:
- Midstream Energy Companies: 93%
- Utility Companies: 4%
- Other Energy Sectors: 3%
Top 10 Holdings
The Company’s portfolio reflects a strong emphasis on established industry leaders, with the ten largest holdings being:
- The Williams Companies, Inc. – $275.0 million (9.2%)
- Energy Transfer LP – $274.7 million (9.2%)
- MPLX LP – $264.1 million (8.9%)
- Enterprise Products Partners L.P. – $262.7 million (8.8%)
- ONEOK, Inc. – $221.1 million (7.4%)
- Targa Resources Corp. – $202.9 million (6.8%)
- Cheniere Energy, Inc. – $188.3 million (6.3%)
- Western Midstream Partners, LP – $168.5 million (5.7%)
- Kinder Morgan, Inc. – $162.8 million (5.5%)
- Pembina Pipeline Corporation – $127.6 million (4.3%)
Investors should note that portfolio holdings are subject to change without notice, indicating a dynamic investment strategy aligned with market conditions.
Investment Objectives and Future Plans
Kayne Anderson Energy Infrastructure Fund, Inc. operates as a non-diversified, closed-end management investment company focusing on energy infrastructure. The fund is committed to providing high after-tax total returns, primarily aimed at yielding attractive cash distributions to shareholders. With an investment approach that allocates at least 80% of its total assets in securities of Energy Infrastructure Companies, KYN showcases its dedication to this sector.
For further inquiries or insights into the investment approach and overall strategy, please reach out to the Company’s investor relations team.
Frequently Asked Questions
What is the net asset value of Kayne Anderson Energy Infrastructure Fund?
The net asset value per share of the Fund as of August 31, 2024, is $12.60.
How much in total assets does the Fund hold?
The Kayne Anderson Energy Infrastructure Fund reports total assets of $2,982.3 million.
What percentage of the Fund’s investments are in Midstream Energy Companies?
Approximately 93% of the Fund’s long-term investments are in Midstream Energy Companies.
Who are the top holders in the Fund’s investment portfolio?
The Fund's top holdings include The Williams Companies, Inc., Energy Transfer LP, and MPLX LP, among others.
How can investors contact Kayne Anderson for more information?
Investors can reach investor relations at 877-657-3863 or via email at cef@kayneanderson.com.
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