Kayne Anderson Energy Fund Announces New Monthly Distribution Rate
Monthly Distribution Announcement from Kayne Anderson Energy Infrastructure Fund
Kayne Anderson Energy Infrastructure Fund, Inc. has recently disclosed that they will be providing a monthly distribution of $0.08 per share. This commitment is set for a date in late August, ensuring that common stockholders see the benefits of their investments. This monthly distribution decision reflects the Company's ongoing commitment to return capital to its shareholders.
Understanding the Distribution Details
The distribution amount is scheduled to be paid on the 29th of August, with the record date set for the 15th of August for those involved. As always, payments depend heavily on the approval and discretion of the Company’s Board of Directors, along with compliance with existing debt agreements and preference stock terms.
Future Distributions Awaiting Approval
Looking ahead, the Company has plans to announce its next distribution in early September, continuing their tradition of frequent financial engagement with investors. It’s important for shareholders to note that the payment of future distributions is conditional and may change based on a range of factors including market conditions and investment performance.
Key Dates for Shareholders
- Record Date: August 15
- Payment Date: August 29
- Distribution Amount: $0.08 per share
Investment Focus and Strategy
Kayne Anderson is focused on achieving a high after-tax total return for its investors with a notable emphasis on cash distributions. The Firm aims to invest a significant portion of its assets, at least 80%, in securities related to Energy Infrastructure Companies. This strategy reflects a calculated approach to managing investments while ensuring that shareholders reap the benefits.
Tax Considerations and Earnings Estimates
It’s worth mentioning that the distribution amounts may partly constitute a return of capital. This is dependent on the Firm’s anticipated earnings and profits among other financial parameters. However, the actual tax characterization of distributions will only be ascertainable at the end of the fiscal year.
Risks and Important Disclosures
Like any investment, there are risks associated with shares of the Kayne Anderson Energy Infrastructure Fund. Conditions such as market volatility, regulatory changes, and energy sector risks could affect shareholder returns. Therefore, understanding investment dynamics is crucial for potential and current investors.
Contact and Investor Information
For those interested in learning more about the Fund's strategies or upcoming distributions, they are encouraged to reach out to the investor relations team. By contacting the firm directly at 877-657-3863 or through their email for investor relations, shareholders can gain the necessary insights for informed decision-making.
Frequently Asked Questions
What is the distribution amount for August?
The distribution amount declared for August is $0.08 per share.
When will the distribution be paid?
The payment date for the distribution is set for August 29.
What is the record date for this distribution?
The record date is August 15, before the payment date.
What percentage of assets does Kayne Anderson invest in energy infrastructure?
Kayne Anderson invests at least 80% of its total assets in securities of Energy Infrastructure Companies.
How can I contact Kayne Anderson for more information?
Investors can contact Kayne Anderson’s investor relations at 877-657-3863 or email cef@kayneanderson.com.
About The Author
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