Kayne Anderson Announces Proposed Merger of Kayne Anderson Midstream/Energy Fund and Kayne Anderson Energy Total Return Fund
Kayne Anderson Energy Infrastructure Fund, Inc. (KYN)
US:NYSE Investor Relations:
kaynefunds.com/kyn/fact-sheet
Company Research
Source: GlobeNewswire
HOUSTON, Feb. 15, 2018 (GLOBE NEWSWIRE) -- Kayne Anderson Energy Total Return Fund (KYE) to merge with and into Kayne Anderson Midstream/Energy Fund (KMF) in a non-taxable transaction (the “Merger”)Exchange ratio to be based on relative net asset value (“NAV”) per share immediately prior to closing. Based on NAVs as of February 14th, KYE stockholders would have received approximately 0.74 shares of KMF for each share of KYEKMF intends to pay a distribution at its current annualized rate of $1.20 per share over the next 12 months. Once the Merger closes, KMF will convert from a quarterly to a monthly distribution scheduleKMF expects to realize approximately $1.1 million of cost savings annually as a result of the Merger KA Fund Advisors, LLC (“Kayne Anderson”), which serves as the adviser to Kayne Anderson Midstream/Energy Fund, Inc. (NYSE:KMF) and Kayne Anderson Energy Total Return Fund, Inc. (NYSE:KYE), announced today that the Board of Directors of KMF and the Board of Director
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KYN
News
- Kayne Anderson Energy Infrastructure Fund Provides Unaudited Balance Sheet Information and Announces Its Net Asset Value and Asset Coverage Ratios At March 31, 2024GlobeNewswire
- Kayne Anderson Energy Infrastructure Fund Announces Distribution of $0.22 per Share for Q1 2024GlobeNewswire
- Kayne Anderson Energy Infrastructure Fund Provides Unaudited Balance Sheet Information and Announces Its Net Asset Value and Asset Coverage Ratios at February 29, 2024GlobeNewswire
- Kayne Anderson Energy Infrastructure Fund Enters Into $135 Million Revolving Credit FacilityGlobeNewswire
- Kayne Anderson Energy Infrastructure Fund Prices Private Placement of $75 Million of NotesGlobeNewswire
KYN
Sec Filings
- 4/23/24 - Form NPORT-P
- 4/22/24 - Form N-30B-2
- 2/28/24 - Form DEF
- KYN's page on the SEC website