Kayne Anderson Midstream/Energy Fund Announces Completion of Stock Repurchase Program
Kayne Anderson NextGen Energy & Infrastructure, Inc. (KMF)
US:NYSE Investor Relations:
kaynefunds.com/kmf/fact-sheet
Company Research
Source: GlobeNewswire
HOUSTON, June 11, 2019 (GLOBE NEWSWIRE) -- Kayne Anderson Midstream/Energy Fund, Inc. (NYSE: KMF) (the “Fund”) announced today that it has completed its $20 million common stock repurchase program, first announced on March 28, 2019. Between April 2, 2019 and June 7, 2019, the Fund repurchased a total of 1,681,037 common shares at an average price of $11.90 per share, which represented an average discount to the Fund’s net asset value of approximately 12.3%. Kevin McCarthy, Chief Executive Officer of the Fund, stated, “We are pleased that KMF was able to complete its $20 million repurchase program. The purchase of these KMF shares, at a substantial discount to NAV, was immediately accretive to the Fund on a NAV per share basis.” Kayne Anderson Midstream/Energy Fund, Inc. is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940, as amended, whose common stock is traded on the NYSE. KMF’s investment objective is to provide a h
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