Kayne Anderson Energy Infrastructure Fund Provides Unaudited Balance Sheet Information and Announces Its Net Asset Value and Asset Coverage Ratios at January 31, 2024
HOUSTON, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Kayne Anderson Energy Infrastructure Fund, Inc. (the “Company”) (NYSE: KYN) today provided a summary unaudited statement of assets and liabilities and announced its net asset value and asset coverage ratios under the Investment Company Act of 1940 (the “1940 Act”) as of January 31, 2024.
As of January 31, 2024, the Company’s net assets were $1.7 billion, and its net asset value per share was $10.25. As of January 31, 2024, the Company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 585% and the Company’s asset coverage ratio under the 1940 Act with respect to total leverage (debt and preferred stock) was 420%.
| STATEMENT OF ASSETS AND LIABILITIES | |||||
| JANUARY 31, 2024 // (UNAUDITED) | |||||
|
| |||||
|
|
| (in millions) |
| ||
| Investments |
| $ | 2,392.6 |
|
|
| Cash and cash equivalents |
|
| 1.7 |
|
|
| Receivable for securities sold |
|
| 5.6 |
|
|
| Accrued income |
|
| 14.5 |
|
|
| Current tax asset, net |
|
| 8.0 |
|
|
| Other assets |
|
| 0.8 |
|
|
| Total assets |
|
| 2,423.2 |
|
|
|
|
|
| |||
| Credit facility |
|
| 27.0 |
|
|
| Term loan |
|
| 50.0 |
|
|
| Notes |
|
| 311.7 |
|
|
| Unamortized notes issuance costs |
| (1.6 | ) |
| |
| Preferred stock |
|
| 153.1 |
|
|
| Unamortized preferred stock issuance costs |
| (1.5 | ) |
| |
| Total leverage |
|
| 538.7 |
|
|
|
|
|
| |||
| Treasury note sold short, net(1) |
|
| 0.2 |
|
|
| Payable for securities purchased |
| 10.5 |
|
| |
| Other liabilities |
|
| 10.2 |
|
|
| Deferred tax liability, net |
|
| 130.3 |
|
|
| Total liabilities |
|
| 151.2 |
|
|
|
|
|
| |||
| Net assets |
| $ | 1,733.3 |
|
|
|
|
|
| |||
| (1) Net value of restricted cash proceeds from short position and the fair market value of security sold short. | |||||
The Company had 169,126,038 common shares outstanding as of January 31, 2024.
Long-term investments were comprised of Midstream Energy Company (91%), Utility Company (4%), Renewable Infrastructure Company (2%) and Other Energy (3%).
|
|
|
| Amount |
| % Long Term | |
| 1. | Enterprise Products Partners L.P. (Midstream Energy Company) |
| $263.7 |
| 11.0 | % |
| 2. | Energy Transfer LP (Midstream Energy Company) |
| 243.9 |
| 10.2 | % |
| 3. | MPLX LP (Midstream Energy Company) |
| 237.5 |
| 9.9 | % |
| 4. | The Williams Companies, Inc. (Midstream Energy Company) |
| 198.5 |
| 8.3 | % |
| 5. | ONEOK, Inc. (Midstream Energy Company) |
| 170.5 |
| 7.1 | % |
| 6. | Targa Resources Corp. (Midstream Energy Company) |
| 166.2 |
| 6.9 | % |
| 7. | Cheniere Energy, Inc. (Midstream Energy Company) |
| 144.9 |
| 6.1 | % |
| 8. | Plains All American Pipeline, L.P. (Midstream Energy Company) |
| 134.4 |
| 5.6 | % |
| 9. | Kinder Morgan, Inc. (Midstream Energy Company) |
| 100.6 |
| 4.2 | % |
| 10. | Western Midstream Partners, LP (Midstream Energy Company) |
| 94.0 |
| 3.9 | % |
|
|
|
|
|
|
|
|
| * | Includes ownership of common and preferred units. | |||||
Portfolio holdings are subject to change without notice. The mention of specific securities is not a recommendation or solicitation for any person to buy, sell or hold any particular security. You can obtain a complete listing of holdings by viewing the Company’s most recent quarterly or annual report.
