Kayne Anderson Energy Infrastructure Fund Provides Unaudited Balance Sheet Information and Announces Its Net Asset Value and Asset Coverage Ratios as of April 30, 2025
- Strong asset coverage ratios: 713% for senior securities and 515% for total leverage
- Substantial portfolio value with $3.1 billion in investments
- Well-diversified portfolio across major midstream energy companies
- Low debt levels with only $397.2 million in total debt (credit facility and notes)
- Significant tax liability exposure with $293.4 million in combined current and deferred tax liabilities
- High concentration risk with 95% of investments in Midstream Energy Companies
- Limited diversification with top 4 holdings accounting for over 40% of long-term investments
Insights
KYN maintains healthy 713% debt coverage with 95% midstream energy focus and moderate 17.4% leverage ratio, indicating stable financial position.
Kayne Anderson Energy Infrastructure Fund reports a $13.50 NAV per share with $2.28 billion in net assets as of April 30, 2025. The fund demonstrates strong financial health with asset coverage ratios of 713% for senior securities and 515% for total leverage, both substantially exceeding the regulatory requirements under the 1940 Act.
The fund's balance sheet reveals a conservative leverage approach, with total leverage of $547.1 million representing just 17.4% of total assets. This leverage consists of $9 million in credit facility borrowings, $388.2 million in notes, and $153.6 million in preferred stock.
Portfolio allocation remains highly concentrated in the midstream energy sector at 95%, with minimal exposure to utility companies (2%) and other sectors (3%). This concentration aligns perfectly with the fund's stated investment objective of maintaining at least 80% of assets in Energy Infrastructure Companies.
The top 10 holdings comprise 75.6% of long-term investments, with The Williams Companies (11.1%), MPLX LP (9.8%), and Enterprise Products Partners (9.7%) representing the largest positions. This concentrated approach to major midstream players is typical for specialized energy infrastructure funds.
The $287.2 million deferred tax liability (approximately 12.6% of net assets) reflects potential future obligations on unrealized gains in the portfolio. With minimal cash holdings of just $3.1 million, the fund appears fully invested to maximize its income-generating potential, which is consistent with its investment mandate.
HOUSTON, May 01, 2025 (GLOBE NEWSWIRE) -- Kayne Anderson Energy Infrastructure Fund, Inc. (the 鈥淐ompany鈥�) (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 鈥�1940 Act鈥�) as of April 30, 2025.
As of April 30, 2025, the Company鈥檚 net assets were
| 听STATEMENT OF ASSETS AND LIABILITIES APRIL 30, 2025听听 // (UNAUDITED) | ||||
| 听 | ||||
| 听 | 听 | (in millions) | ||
| Investments | 听 | $ | 3,131.2 | 听 |
| Cash and cash equivalents | 听 | 听 | 3.1 | 听 |
| Accrued income | 听 | 听 | 9.7 | 听 |
| Other assets | 听 | 听 | 1.0 | 听 |
| Total assets | 听 | 听 | 3,145.0 | 听 |
| 听 | 听 | 听 | ||
| Credit facility | 听 | 听 | 9.0 | 听 |
| Notes | 听 | 听 | 388.2 | 听 |
| Unamortized notes issuance costs | 听 | 听 | (2.5 | ) |
| Preferred stock | 听 | 听 | 153.6 | 听 |
| Unamortized preferred stock issuance costs | 听 | 听 | (1.2 | ) |
| Total leverage | 听 | 听 | 547.1 | 听 |
| 听 | 听 | 听 | ||
| Payable for securities purchased | 听 | 听 | 7.5 | 听 |
| Other liabilities | 听 | 听 | 13.7 | 听 |
| Current tax liability, net | 听 | 听 | 6.2 | 听 |
| Deferred tax liability, net | 听 | 听 | 287.2 | 听 |
| Total liabilities | 听 | 听 | 314.6 | 听 |
| 听 | 听 | 听 | ||
| Net assets | 听 | $ | 2,283.3 | 听 |
| 听 | 听 | 听 | ||
The Company had 169,126,038 common shares outstanding as of April 30, 2025.
Long-term investments were comprised of Midstream Energy Companies (
The Company鈥檚 ten largest holdings by issuer at April 30, 2025 were:
| 听 | 听 | 听 | Amount (in millions) | % Long Term Investments | |||
| 1. | The Williams Companies, Inc. (Midstream Energy Company) | 听 | 听 | 11.1 | % | ||
| 2. | MPLX LP (Midstream Energy Company) | 听 | 听 | 308.2 | 听 | 9.8 | % |
| 3. | Enterprise Products Partners L.P. (Midstream Energy Company) | 听 | 听 | 304.3 | 听 | 9.7 | % |
| 4. | Energy Transfer LP (Midstream Energy Company) | 听 | 听 | 302.2 | 听 | 9.7 | % |
| 5. | Cheniere Energy, Inc. (Midstream Energy Company) | 听 | 听 | 260.2 | 听 | 8.3 | % |
| 6. | Kinder Morgan, Inc. (Midstream Energy Company) | 听 | 听 | 202.0 | 听 | 6.5 | % |
| 7. | ONEOK, Inc. (Midstream Energy Company) | 听 | 听 | 177.9 | 听 | 5.7 | % |
| 8. | TC Energy Corporation (Midstream Energy Company) | 听 | 听 | 166.9 | 听 | 5.3 | % |
| 9. | Targa Resources Corp. (Midstream Energy Company) | 听 | 听 | 165.0 | 听 | 5.3 | % |
| 10. | Western Midstream Partners, LP (Midstream Energy Company) | 听 | 听 | 130.8 | 听 | 4.2 | % |
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鈥檚 most recent quarterly or annual report.
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
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鈥檚 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鈥檚 filings with the SEC, available at听听or听. 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鈥檚 investment objectives will be attained.
Contact investor relations at 877-657-3863 or .
FAQ
What is KYN's net asset value per share as of April 30, 2025?
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