Kayne Anderson Energy Infrastructure Fund Shares Financial Updates
HOUSTON, Sept. 04, 2024 -- Kayne Anderson Energy Infrastructure Fund, Inc. (the "Company") (NYSE: KYN) has provided a recent update on its financial status, featuring key unaudited statements regarding its assets and liabilities. This information is crucial for stakeholders who keep an eye on the company’s performance in accordance with the Investment Company Act of 1940.
Financial Highlights as of August 31, 2024
Recent reports indicate that the net assets of Kayne Anderson Energy Infrastructure Fund have reached an impressive $2.1 billion. The net asset value per share is currently at $12.60. Additionally, the company has reported strong asset coverage ratios: an impressive 625% for senior securities that represent indebtedness and 462% for total leverage, which includes both debt and preferred stock.
Overview of Assets and Liabilities
As of the same date, the Company’s detailed statement has revealed the following:
Total Assets: $2,982.3 million
Breakdown of Major Assets
The major components of the total assets are as follows:
- 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 stand at $266.4 million, which includes various financial obligations such as credit facilities. This results in a net assets figure of $2,130.8 million, underscoring the fund’s robust financial position.
Composition of Long-Term Investments
Kayne Anderson has built a diverse long-term investment portfolio, focusing primarily on:
- Midstream Energy Companies: 93%
- Utility Companies: 4%
- Other Energy Sectors: 3%
Top 10 Holdings
The Company’s portfolio highlights a strong commitment to established industry leaders, with its 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 be aware that the portfolio holdings may change at any time, reflecting a dynamic investment strategy that adapts to market conditions.
Investment Objectives and Future Plans
Kayne Anderson Energy Infrastructure Fund, Inc. operates as a non-diversified, closed-end management investment company with a focus on energy infrastructure. The fund is dedicated to delivering high after-tax total returns, primarily aiming to provide attractive cash distributions to shareholders. With an investment strategy that allocates at least 80% of its total assets in securities of Energy Infrastructure Companies, KYN demonstrates its commitment to this sector.
For any further inquiries or insights regarding the investment strategy and overall approach, please feel free to contact 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.
