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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 January 31, 2023.
As of January 31, 2023, the Company's net assets were $1.4 billion, and its net asset value per share was $10.32. As of January 31, 2023, the Company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 546% and the Company's asset coverage ratio under the 1940 Act with respect to total leverage (debt and preferred stock) was 411%.
| Kayne Anderson Energy Infrastructure Fund, Inc. | ||||
| Statement of Assets and Liabilities | ||||
| January 31, 2023 | ||||
| (Unaudited) | ||||
| (in millions) | ||||
| Investments | $ | 1,959.2 | ||
| Cash and cash equivalents | 2.4 | |||
| Accrued income | 10.3 | |||
| Current tax asset, net | 7.8 | |||
| Other assets | 0.6 | |||
| Total assets | 1,980.3 | |||
| Credit facility | 29.0 | |||
| Term loan | 50.0 | |||
| Unamortized term loan issuance costs | (0.1 | ) | ||
| Notes | 260.8 | |||
| Unamortized notes issuance costs | (1.3 | ) | ||
| Preferred stock | 111.6 | |||
| Unamortized preferred stock issuance costs | (1.3 | ) | ||
| Total leverage | 448.7 | |||
| Payable for securities purchased | - | |||
| Other liabilities | 7.9 | |||
| Deferred tax liability, net | 118.9 | |||
| Total liabilities | 126.8 | |||
| Net assets | $ | 1,404.8 | ||
The Company had 136,131,530 common shares outstanding as of January 31, 2023.
Long-term investments were comprised of Midstream Energy Company (83%), Utility Company (9%), Renewable Infrastructure Company (7%) and Other Energy (1%).
The Company's ten largest holdings by issuer at January 31, 2023 were:
| Amount (in millions)* |
Percent of Long-Term Investments |
||||
| 1. | Energy Transfer LP (Midstream Energy Company) | $225.5 | 11.5 | % | |
| 2. | MPLX LP (Midstream Energy Company) | 208.5 | 10.6 | % | |
| 3. | Enterprise Products Partners L.P. (Midstream Energy Company) | 204.1 | 10.4 | % | |
| 4. | Plains All American Pipeline, L.P. ** (Midstream Energy Company) | 142.7 | 7.3 | % | |
| 5. | Targa Resources Corp. (Midstream Energy Company) | 140.5 | 7.2 | % | |
| 6. | The Williams Companies, Inc. (Midstream Energy Company) | 139.3 | 7.1 | % | |
| 7. | Cheniere Energy, Inc. (Midstream Energy Company) | 115.6 | 5.9 | % | |
| 8. | Western Midstream Partners, LP (Midstream Energy Company) | 96.5 | 4.9 | % | |
| 9. | Sempra Energy (Utility Company) | 63.8 | 3.3 | % | |
| 10. | ONEOK, Inc. (Midstream Energy Company) | 55.2 | 2.8 | % | |
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Posted In: KYN
