Kayne Anderson Energy Infrastructure Fund Reveals Tax Information
In a recent announcement, Kayne Anderson Energy Infrastructure Fund, Inc. has clarified the tax implications related to its distributions for the year 2024. As investors prepare for the upcoming tax season, this information is crucial for understanding how these distributions will be taxed.
Understanding the Distribution Schedule
The Company has outlined its distribution schedule, indicating various record and payable dates. Shareholders should take note of these key dates as they pertain to their investments.
Distribution Details
Here's a breakdown of the distributions:
- Record Date: January 3, 2024; Payable Date: January 10, 2024; Amount: $0.22; Qualified Dividends: 100%
- Record Date: April 5, 2024; Payable Date: April 12, 2024; Amount: $0.22; Qualified Dividends: 100%
- Record Date: June 28, 2024; Payable Date: July 8, 2024; Amount: $0.22; Qualified Dividends: 100%
- Record Date: September 30, 2024; Payable Date: October 7, 2024; Amount: $0.24; Qualified Dividends: 100%
- Record Date: November 15, 2024; Payable Date: November 29, 2024; Amount: $0.08; Qualified Dividends: 100%
- Record Date: December 16, 2024; Payable Date: December 31, 2024; Amount: $0.08; Qualified Dividends: 25%, Non-Dividend Distributions: 75%
Investment Philosophy
Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) operates with a clear investment philosophy, striving to provide high after-tax total returns for its investors. This focus includes significant cash distributions, which are an attractive feature for current and potential shareholders.
Risk Factors and Cautionary Advice
Investors are reminded that investing in the energy sector entails various risks. The Company encourages individuals to review their specific financial situations with advisors, particularly regarding tax liabilities and investment strategies. Understanding the potential fluctuations in this industry is critical for making informed investment decisions.
Stay Informed
To remain current on any changes or updates regarding their financial activities, shareholders are encouraged to regularly check Kayne Anderson's resources. This includes their website, where more detailed information about the taxes related to distributions can be found.
Frequently Asked Questions
What is the significance of the tax characterization of distributions?
The tax characterization helps investors understand how their distributions will be taxed on their returns.
When are the distribution dates for 2024?
The record and payable dates for 2024 distributions vary, starting from January 3, 2024, through December 16, 2024.
What percentage of the distributions are classified as qualified dividends?
Most distributions are classified as qualified dividends, with exceptions noted in the December distribution.
How can I find more information about Kayne Anderson Energy Infrastructure Fund?
Investors can visit their official website for more information.
Who should I consult regarding my tax situation?
It is advisable to consult with a tax advisor or legal counsel for personalized advice regarding investments.
