Kayne Anderson Energy Infrastructure Fund Provides Unaudited Balance Sheet Information and Announces Its Net Asset Value and Asset Coverage Ratios at August 31, 2024

Kayne Anderson Energy Infrastructure Fund, Inc.
Kayne Anderson Energy Infrastructure Fund, Inc.
Kayne Anderson Energy Infrastructure Fund, Inc.
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HOUSTON, Sept. 04, 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 August 31, 2024.

As of August 31, 2024, the Company’s net assets were $2.1 billion, and its net asset value per share was $12.60. As of August 31, 2024, the Company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 625% and the Company’s asset coverage ratio under the 1940 Act with respect to total leverage (debt and preferred stock) was 462%.

STATEMENT OF ASSETS AND LIABILITIES
AUGUST 31, 2024  // (UNAUDITED)

 

 

 

(in millions)

 

Investments

 

$

2,977.4

 

 

Cash and cash equivalents

 

 

1.3

 

 

Accrued income

 

 

2.9

 

 

Other assets

 

 

0.7

 

 

Total assets

 

 

2,982.3

 

 

 

 

 

Credit facility

 

 

81.0

 

 

Notes

 

 

354.4

 

 

Unamortized notes issuance costs

 

 

(2.1

)

 

Preferred stock

 

 

153.1

 

 

Unamortized preferred stock issuance costs

 

 

(1.3

)

 

Total leverage

 

 

585.1

 

 

 

 

 

Other liabilities

 

 

14.7

 

 

Current tax liability, net

 

 

4.8

 

 

Deferred tax liability, net

 

 

246.9

 

 

Total liabilities

 

 

266.4

 

 

 

 

 

Net assets

 

$

2,130.8

 

 

 

 

 

The Company had 169,126,038 common shares outstanding as of August 31, 2024.

Long-term investments were comprised of Midstream Energy Companies (93%), Utility Companies (4%) and Other Energy (3%).

The Company’s ten largest holdings by issuer at August 31, 2024 were:

 

 

 

Amount
(in millions)*

 

% Long Term
Investments

1.

The Williams Companies, Inc. (Midstream Energy Company)

 

$275.0

 

9.2

%

2.

Energy Transfer LP (Midstream Energy Company)

 

274.7

 

9.2

%

3.

MPLX LP (Midstream Energy Company)

 

264.1

 

8.9

%

4.

Enterprise Products Partners L.P. (Midstream Energy Company)

 

262.7

 

8.8

%

5.

ONEOK, Inc. (Midstream Energy Company)

 

221.1

 

7.4

%

6.

Targa Resources Corp. (Midstream Energy Company)

 

202.9

 

6.8

%

7.

Cheniere Energy, Inc. (Midstream Energy Company)

 

188.3

 

6.3

%

8.

Western Midstream Partners, LP (Midstream Energy Company)

 

168.5

 

5.7

%

9.

Kinder Morgan, Inc. (Midstream Energy Company)

 

162.8

 

5.5

%

10.

Pembina Pipeline Corporation (Midstream Energy Company)

 

127.6

 

4.3

%

 

 

 

 

 

 

 

*

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.

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