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Stock impact report

Kayne Anderson MLP/Midstream Investment Company Announces Distribution and Provides Guidance for 2019

Kayne Anderson Energy Infrastructure Fund, Inc. (KYN) 
US:NYSE Investor Relations: kaynefunds.com/kyn/fact-sheet
Company Research Source: GlobeNewswire
HOUSTON, Dec. 17, 2018 (GLOBE NEWSWIRE) -- Kayne Anderson MLP/Midstream Investment Company (NYSE: KYN) (the “Company”) announced today its monthly distributions of $0.12 per share for each of January, February and March 2019. This distribution is a reduction of $0.03 per share from the prior rate of $0.15 per share. “Over the last two years, there has been an ongoing trend of MLPs streamlining their ownership structures through ‘simplification transactions.’ These transactions were designed to eliminate conflicts, strengthen balance sheets and improve distribution coverage ratios.  While these transactions have accomplished those goals, they also have had the effect of materially reducing the Company’s net distributable income, or NDI,” said Kevin McCarthy, CEO of the Company. “During our fourth fiscal quarter, this activity accelerated, as several more of these simplification transactions were announced.  Once these transactions are completed, we believe that the midstream sector Show less Read more
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