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HOUSTON, Oct. 01, 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 September 30, 2024.
As of September 30, 2024, the Company’s net assets were $2.1 billion, and its net asset value per share was $12.37. As of September 30, 2024, the Company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 632% and the Company’s asset coverage ratio under the 1940 Act with respect to total leverage (debt and preferred stock) was 456%.
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| STATEMENT OF ASSETS AND LIABILITIES | ||||
| SEPTEMBER 30, 2024 // (UNAUDITED) | ||||
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| (in millions) | ||
| Investments |
| $ | 2,957.6 |
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| Cash and cash equivalents |
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| 15.8 |
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| Accrued income |
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| 2.2 |
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| Other assets |
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| 0.6 |
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| Total assets |
|
| 2,976.2 |
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| Notes |
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| 424.4 |
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| Unamortized notes issuance costs |
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| (2.7 | ) |
| Preferred stock |
|
| 163.1 |
|
| Unamortized preferred stock issuance costs |
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| (1.4 | ) |
| Total leverage |
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| 583.4 |
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| Distribution payable |
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| 40.6 |
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| Other liabilities |
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| 7.5 |
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| Current tax liability, net |
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| 4.4 |
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| Deferred tax liability, net |
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| 247.5 |
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| Total liabilities |
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| 300.0 |
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| Net assets |
| $ | 2,092.8 |
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The Company had 169,126,038 common shares outstanding as of September 30, 2024.
Long-term investments were comprised of Midstream Energy Companies (94%), Utility Companies (5%) and Other Energy (1%).
The Company’s ten largest holdings by issuer at September 30, 2024 were:
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| Amount |
| % | ||
| 1. | The Williams Companies, Inc. (Midstream Energy Company) |
| $ | 274.3 |
| 9.3 | % |
| 2. | MPLX LP (Midstream Energy Company) |
|
| 273.9 |
| 9.3 | % |
| 3. | Energy Transfer LP (Midstream Energy Company) |
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| 273.8 |
| 9.3 | % |
| 4. | Enterprise Products Partners L.P. (Midstream Energy Company) |
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| 260.7 |
| 8.8 | % |
| 5. | ONEOK, Inc. (Midstream Energy Company) |
|
| 218.1 |
| 7.4 | % |
| 6. | Targa Resources Corp. (Midstream Energy Company) |
|
| 204.4 |
| 6.9 | % |
| 7. | Cheniere Energy, Inc. (Midstream Energy Company) |
|
| 182.8 |
| 6.2 | % |
| 8. | Western Midstream Partners, LP (Midstream Energy Company) |
|
| 167.1 |
| 5.6 | % |
| 9. | Kinder Morgan, Inc. (Midstream Energy Company) |
|
| 166.7 |
| 5.6 | % |
| 10. | Pembina Pipeline Corporation (Midstream Energy Company) |
|
| 130.6 |
| 4.4 | % |
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| * | Includes ownership of common and preferred units. | ||||||
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