Kayne Anderson MLP Investment Company Provides Unaudited Balance Sheet Information.
BANKING AND CREDIT NEWS-September 8, 2017-Kayne Anderson MLP Investment Company Provides Unaudited Balance Sheet Information
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Kayne Anderson MLP Investment company (NYSE: KYN) has 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, 2017, the company said.
As of August 31, 2017, the company's net assets were USD 2.0 billion, and its net asset value per share was USD 17.26. As of August 31, 2017, the company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 404% and the company's asset coverage ratio under the 1940 Act with respect to total leverage (debt and preferred stock) was 290%.
Kayne Anderson MLP Investment company is a non-diversified, closed-end management investment company registered under the Investment company Act of 1940, whose common stock is traded on the NYSE. The company's investment objective is to obtain a high after-tax total return by investing at least 85% of its total assets in energy-related master limited partnerships and their affiliates (collectively, "MLPs"), and in other companies that, as their principal business, operate assets used in the gathering, transporting, processing, storing, refining, distributing, mining or marketing natural gas, natural gas liquids (including propane), crude oil, refined petroleum products or coal.
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|Publication:||M2 Banking & Credit News (BCN)|
|Date:||Sep 8, 2017|
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