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Stock impact report

Kayne Anderson Announces Stockholder Approval of the 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, July 31, 2018 (GLOBE NEWSWIRE) -- KA Fund Advisors, LLC (“Kayne Anderson”), which serves as the adviser to Kayne Anderson Midstream/Energy Fund, Inc. (“KMF” or the “Fund”) (NYSE: KMF) and Kayne Anderson Energy Total Return Fund, Inc. (“KYE”) (NYSE: KYE), announced today that the proposal to merge KYE with and into KMF (the “Merger”) has been approved by KYE stockholders and the issuance of additional KMF common stock in connection with the Merger was approved by KMF stockholders. The Merger is expected to close on August 6, 2018.   KMF will be the surviving fund, and KYE stockholders will receive shares of KMF at an exchange ratio based on each fund’s relative net asset value per share as of August 3, 2018. “We are very pleased with today’s results and want to thank all of our KMF and KYE stockholders that took the time to vote on these important matters” said Kevin McCarthy, the Fund’s Chairman and CEO. “We expect stockholders of the combined fund to benefit from operati Show less Read more
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