Kayne Anderson Energy Infrastructure Fund Announces Change to Monthly Distributions and Announces Distributions
October 10 2024 - 3:20PM
Kayne Anderson Energy Infrastructure Fund, Inc. (the “Company”)
announced today its distribution payment frequency will change from
quarterly to monthly payments beginning in November 2024.
As outlined in the table below, the Company
declared a monthly distribution of $0.08 per share payable in
November 2024, December 2024 and January 2025. This monthly
distribution amount is equivalent to the $0.24 per share quarterly
distribution paid by KYN on October 7, 2024.
The Board of Directors and management understand
how important distributions are to the Company’s investors and
believe this change to KYN’s distribution policy will make it an
attractive choice for investors who desire more frequent
distribution payments.
Payment of future distributions is subject to
the approval of the Company’s Board of Directors. It is the
Company’s intention to declare monthly payments each month
beginning with the monthly distribution payment expected to be made
in February 2025.
Record Date / Ex-Date |
Payment Date |
Distribution Amount |
Return of
Capital Estimate |
11/15/24 |
11/29/24 |
$0.08 |
0%(1) |
12/16/24 |
12/31/24 |
$0.08 |
75%(2) |
1/15/25 |
1/31/25 |
$0.08 |
75%(2) |
(1) This estimate is based on the Company’s
anticipated earnings and profits. The final determination of the
tax character of distributions will not be determinable until after
the end of fiscal 2024 and may differ substantially from this
preliminary information.(2) This estimate is based on the Company’s
anticipated earnings and profits. The final determination of the
tax character of distributions will not be determinable until after
the end of fiscal 2025 and may differ substantially from this
preliminary information.
Kayne Anderson Energy Infrastructure Fund, Inc.
(NYSE: KYN) is a non-diversified, closed-end management investment
company registered under the Investment Company Act of 1940, as
amended, whose common stock is traded on the NYSE. The Company’s
investment objective is to provide a high after-tax total return
with an emphasis on making cash distributions to stockholders. KYN
intends to achieve this objective by investing at least 80% of its
total assets in securities of Energy Infrastructure Companies. See
Glossary of Key Terms in the Company’s most recent quarterly report
for a description of these investment categories and the meaning of
capitalized terms.
The Company pays cash distributions to common
stockholders at a rate that may be adjusted from time to time.
Distribution amounts are not guaranteed and may vary depending on a
number of factors, including changes in portfolio holdings and
market conditions.
This press release shall not constitute an offer
to sell or a solicitation to buy, nor shall there be any sale of
any securities in any jurisdiction in which such offer or sale is
not permitted. Nothing contained in this press release is intended
to recommend any investment policy or investment strategy or
consider any investor’s specific objectives or circumstances.
Before investing, please consult with your investment, tax, or
legal adviser regarding your individual circumstances.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING
STATEMENTS: This communication contains statements reflecting
assumptions, expectations, projections, intentions, or beliefs
about future events. These and other statements not relating
strictly to historical or current facts constitute forward-looking
statements as defined under the U.S. federal securities laws.
Forward-looking statements involve a variety of risks and
uncertainties. These risks include but are not limited to changes
in economic and political conditions; regulatory and legal changes;
energy industry risk; leverage risk; valuation risk; interest rate
risk; tax risk; and other risks discussed in detail in the
Company’s filings with the SEC, available
at www.kaynefunds.com or www.sec.gov. Actual events
could differ materially from these statements or our present
expectations or projections. You should not place undue reliance on
these forward-looking statements, which speak only as of the date
they are made. Kayne Anderson undertakes no obligation to publicly
update or revise any forward-looking statements made herein. There
is no assurance that the Company’s investment objectives will be
attained.
Contact investor relations at 877-657-3863 or
cef@kayneanderson.com.
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