Kayne Anderson Energy Infrastructure Fund Reports Impressive Valuation Metrics
Overview of Kayne Anderson Energy Infrastructure Fund
Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) has recently disclosed its financial health, providing important metrics about its assets and net asset value. This fund primarily invests in energy infrastructure, focusing on maximizing total returns through strategic assets.
Net Asset Value and Coverage Ratios
As per recent information, the fund’s net assets stood at an impressive $2.3 billion, with a calculated net asset value per share of $13.82. This showcases a strong foundation for current and potential investors. In addition, the asset coverage ratios stipulated under the Investment Company Act demonstrate a robust financial structure. Specifically, the asset coverage ratio relating to senior securities stands at an impressive 723%, while the total leverage, which includes both debt and preferred stock, provides a coverage of 522%.
Statement of Assets and Liabilities
On evaluating the fund's balance sheet, we see that the investments are diversified and well-managed. Total assets amounting to $3.23 billion establish a solid base. Notably, cash and cash equivalents display prudent liquidity management, amounting to $8.9 million against accrued income reaching $2.1 million. The addition of other assets amounting to $0.6 million further backs the fund’s diversified approach.
Investment Composition
The structure of the investments reflects a clear commitment towards stability in the midstream energy sector, with 94% of the allocations going into Midstream Energy Companies. Only a small fraction, 3% each, is invested in Power Infrastructure and Other segments. This strategy allows for resilience against fluctuating market conditions.
Top Ten Holdings
When assessing the company's substantial exposure within the industry, it is vital to consider the top ten holdings as of the last report. Because this aligns investors with primary players in the market, enhanced awareness of these holdings is essential:
1. **The Williams Companies, Inc.** - A leading midstream energy company showcasing a strong alignment with industry expectations, holding $344 million, contributing 10.7% to the total investments.
2. **Enterprise Products Partners L.P.** - Benefiting from favorable market conditions, totaling $327.1 million, corresponding to 10.1%.
3. **Energy Transfer LP** - Projecting promising numbers with holdings of $323.8 million, accounting for 10.0%.
4. **MPLX LP** - With a solid investment of $292.4 million, contributing to 9.1%.
5. **Cheniere Energy, Inc.** - Investing $277.2 million and impacting 8.6%.
6. **Kinder Morgan, Inc.** - Holding of $244.4 million leads to a contribution of 7.6%.
7. **TC Energy Corporation** - Investing $211.3 million, marking 6.6% share.
8. **ONEOK, Inc.** - Holding an investment of $201.5 million, which results in 6.3%.
9. **Enbridge Inc.** - With $175.6 million in holdings, this contributes 5.4%.
10. **Targa Resources Corp.** - Investing $130.7 million which accounts for 4.1%.
Future of the Fund
Kayne Anderson Energy Infrastructure Fund, Inc. remains robust by diversifying its investment in the energy sector. The strategy focuses on high-performing infrastructure companies which is essential to creating value. The fund's consistent growth, alongside a solid balance sheet, instills confidence, ensuring both growth and stability for investors seeking significant returns.
As investors explore opportunities in energy infrastructure, following the fund’s performance and reviewing its quarterly and annual reports are vital for making informed decisions.
Frequently Asked Questions
What is the current net asset value of Kayne Anderson Energy Infrastructure Fund?
The current net asset value per share is $13.82, reflecting the fund's strong financial position.
How does the fund manage its investments?
The fund is focused predominantly on midstream energy companies, which account for 94% of its long-term investments, providing stability.
Can you list the top holdings of the fund?
Yes, the top holdings include The Williams Companies, Enterprise Products Partners, Energy Transfer, among others, contributing significantly to the portfolio.
What is an asset coverage ratio?
The asset coverage ratio measures the fund's ability to cover its debt obligations, indicating its financial strength.
How can investors contact the fund's investor relations?
Investors can reach out to investor relations at 877-657-3863 or via email at cef@kayneanderson.com.
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