Kayne Anderson MLP/Midstream Investment Company (KYN) (the “Company”) announced today that it has completed its planned reduction in leverage levels. On April 24, 2020, the Company utilized a portion of its cash on hand to redeem $350 million of unsecured senior notes (“Notes”) and $125 million of mandatory redeemable preferred shares (“MRP Shares”). As a result of these repurchases, the Company is currently in compliance with all the applicable 1940 Act leverage tests as well as the covenants on its debt agreements and terms of its preferred stock.
HOUSTON, Jan. 22, 2020 -- KA Fund Advisors, LLC (“Kayne Anderson”), which serves as the adviser to Kayne Anderson MLP/Midstream Investment Company (NYSE: KYN) and Kayne.
Kayne Anderson MLP/Midstream Investment Company (KYN) (the “Company”) announced that it reached a conditional agreement with institutional investors relating to a private placement of $200 million of Mandatory Redeemable Preferred Shares (“MRP Shares”). The private placement is expected to close on or about December 10, 2019, and there will be two fundings in connection with the transaction: (a) $100 million of Series L MRP Shares and $75 million of Series M MRP Shares will be issued on February 11, 2020, and (b) $25 million of Series N MRP Shares will be issued on May 12, 2020.
Kayne Anderson MLP/Midstream Investment Company (KYN) (the “Company”) announced today an update on its balance sheet and leverage levels. As of March 27, 2020, the Company had $506 million of cash on its balance sheet, including cash it will receive by Tuesday for securities it has recently sold. The Company plans to prudently use its cash balance to reduce leverage levels over the next month in a way that minimizes prepayment penalties and maximizes shareholder value.
HOUSTON, Feb. 07, 2020 -- Kayne Anderson MLP/Midstream Investment Company (NYSE: KYN) (the “Company”) announced today that it has entered into a $300 million unsecured.
HOUSTON, Jan. 02, 2020 -- Kayne Anderson MLP/Midstream Investment Company (the “Company”) (NYSE: KYN) today provided a summary unaudited statement of assets and liabilities and.
HOUSTON, Jan. 29, 2020 -- KA Fund Advisors, LLC (“Kayne Anderson”), which serves as the adviser to Kayne Anderson MLP/Midstream Investment Company (NYSE: KYN) and Kayne.
HOUSTON, Feb. 03, 2020 -- Kayne Anderson MLP/Midstream Investment Company (the “Company”) (NYSE: KYN) today provided a summary unaudited statement of assets and liabilities and.
HOUSTON, March 03, 2020 -- Kayne Anderson MLP/Midstream Investment Company (the “Company”) (NYSE: KYN) today provided a summary unaudited statement of assets and liabilities.
Kayne Anderson MLP/Midstream Investment Company (KYN) (the “Company”) announced today its monthly distributions of $0.12 per share for each of January, February, and March 2020. The Company announced that it plans to maintain the monthly distribution at $0.12 per share for the next 12 months (through the distribution to be paid in December 2020). Beyond this 12-month guidance period, management expects to recommend to the Company’s Board of Directors that it maintain the Company’s distribution at its current level for the foreseeable future.
Kayne Anderson MLP/Midstream Investment Company (KYN) (the “Company”) announced today an update on its balance sheet and leverage levels. The Company also announced revised timing for the distribution originally scheduled to be paid on March 31, 2020. In response to the recent record market volatility, the Company has proactively taken steps to increase its cash position and reduce leverage levels.
KA Fund Advisors, LLC (“Kayne Anderson”), which serves as the adviser to Kayne Anderson MLP/Midstream Investment Company (KYN) and Kayne Anderson Midstream/Energy Fund, Inc. (KMF) (each a “Company”) announced today that due to the COVID-19 pandemic, the combined KYN and KMF 2020 Annual Meeting of Stockholders (the “Annual Meeting”) to be held on Thursday, May 7, 2020, at 8:00 a.m. Central Time will be conducted as a virtual meeting. Stockholders will not be able to attend the Annual Meeting in person.
HOUSTON, Dec. 03, 2019 -- Kayne Anderson MLP/Midstream Investment Company (the “Company”) (NYSE: KYN) today provided a summary unaudited statement of assets and liabilities and.
HOUSTON, April 02, 2020 -- Kayne Anderson MLP/Midstream Investment Company (the “Company”) (NYSE: KYN) today provided a summary unaudited statement of assets and liabilities.
HOUSTON, Feb. 11, 2020 -- Kayne Anderson MLP/Midstream Investment Company (NYSE: KYN) (the “Company”) announced today that it completed its previously announced private.
KlaymanToskes ("KT"), http://www.klaymantoskes.com, announces an investigation on behalf of investors who sustained losses from the purchase of Kayne Anderson MLP/Midstream Investment Company (NYSE:KYN) ("KYN") a Master Limited Partnership ("MLP"). KYN closed at 13.09 on February 21, 2020, prior to the significant market event that was precipitated by COVID-19. Today, KYN trades at 3.49, or more than 73% lower than its market value on February 21, 2020. This product may have been marketed and sold to customers who were risk averse, such as retirees or other conservative investors, that were seeking income and capital preservation and were not explained the potential risks.
HOUSTON, Jan. 14, 2020 -- Kayne Anderson MLP/Midstream Investment Company (NYSE: KYN) (the “Company”) announced today that it will redeem all 5,000,000 shares of its 3.50%.
HOUSTON, Dec. 10, 2019 -- Kayne Anderson MLP/Midstream Investment Company (NYSE: KYN) (the “Company”) announced today that it executed a definitive agreement for the private.
HOUSTON, May 01, 2020 -- Kayne Anderson MLP/Midstream Investment Company (the “Company”) (NYSE: KYN) today provided a summary unaudited statement of assets and liabilities and.
KA Fund Advisors, LLC (“Kayne Anderson”), which serves as the adviser to Kayne Anderson MLP/Midstream Investment Company (KYN) and Kayne Anderson Midstream/Energy Fund, Inc. (KMF) announced today that in response to the COVID-19 pandemic it is postponing the combined KYN and KMF 2020 Annual Meeting of Stockholders (the “Annual Meeting”). KYN’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 (“MLPs”), and in other companies that, as their principal business, operate assets used in the gathering, transporting, processing, storing, refining, distributing, mining or marketing of natural gas, natural gas liquids, crude oil, refined petroleum products or coal (collectively with MLPs, “Midstream Energy Companies”).