Kayne Anderson Energy Infrastructure Fund Declares New Share Distribution
Distribution Announcement from Kayne Anderson Energy Infrastructure Fund
Kayne Anderson Energy Infrastructure Fund, Inc. has officially announced a monthly distribution of $0.08 per share. This upcoming payment is scheduled for common stockholders and highlights the fund's commitment to providing returns to its investors.
Details of the Monthly Distribution
The distribution is set to be paid on a regular monthly schedule, showcasing the fund's established practice of returning value to its shareholders. The next distribution is anticipated to be announced in early September, subject to the Board of Directors' approval and adherence to covenants regarding the company's debt agreements.
Key Dates to Remember
As part of the scheduled distributions, here are some important dates:
Record Date / Ex-Date
The record date will fall on August 15, and the payment date is set for August 29. This systematic approach ensures that shareholders are informed and prepared for upcoming distributions.
Distribution Amount and Return of Capital
The distribution amount is confirmed at $0.08 per share, with an estimated return of capital of around 30%. This proactive estimation is based on the fund's projected earnings. It is essential to note that the final tax classification may vary after the fiscal year ends.
Understanding Kayne Anderson's Focus
Kayne Anderson Energy Infrastructure Fund, Inc. (KYN) is recognized as a non-diversified, closed-end management investment company. Its focus is primarily on the energy sector, specifically investing at least 80% of its assets in energy infrastructure companies. This model aims to provide shareholders with a robust total return while emphasizing regular cash distributions.
Investment Strategy and Market Adaptability
The fund's management approach involves dynamically adjusting its cash distribution rates over time. This adaptability allows the fund to respond to changes in its portfolio and broader market conditions. A strategic emphasis on maintaining a flexible distribution strategy ensures that the company can aim for continued shareholder returns, aligning with investment objectives.
Recent Developments and Future Outlook
In a changing economic climate, Kayne Anderson has maintained a focus on energy infrastructure. The company's strategic insights position it favorably for potential future growth, especially considering the rising demand for energy solutions globally. Investors can look forward to beneficial trends that could enhance their investments with KYN.
Contact Information
For any inquiries regarding investments or distributions, interested parties are encouraged to reach out to investor relations at 877-657-3863 or via email at cef@kayneanderson.com.
Frequently Asked Questions
What is the recent distribution announcement for KYN?
The recent announcement from Kayne Anderson Energy Infrastructure Fund indicates a monthly distribution of $0.08 per share, payable to shareholders at the end of August.
When is the payment date for the distribution?
The payment date for the upcoming distribution is set for August 29.
How often does KYN declare distributions?
KYN declares distributions on a monthly basis, demonstrating a consistent return on investments for shareholders.
What percentage of the distribution is considered a return of capital?
The estimated return of capital for the recent distribution is approximately 30%.
How can investors contact Kayne Anderson for inquiries?
Investors can contact Kayne Anderson's investor relations team by calling 877-657-3863 or emailing cef@kayneanderson.com.
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