Kayne Anderson NextGen Energy & Infrastructure Provides Unaudited Balance Sheet Information And Announces Its Net Asset Value And Asset Coverage Ratios At September 30, 2023; Fund's Net Assets Were $389.9M And Its Net Asset Value Was $8.26/Share
Author: Benzinga Newsdesk | October 03, 2023 02:13am
As of September 30, 2023, the Fund's net assets were $389.9 million and its net asset value per share was $8.26. As of September 30, 2023, the Fund's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 804% and the Fund's asset coverage ratio under the 1940 Act with respect to total leverage (debt and preferred stock) was 480%.
| Kayne Anderson NextGen Energy & Infrastructure, Inc. |
| Statement of Assets and Liabilities |
| September 30, 2023 |
| (Unaudited) |
| (in millions) |
| Investments |
$ |
495.1 |
| Cash and cash equivalents |
1.4 |
| Receivable for securities sold |
3.1 |
| Accrued income |
0.4 |
| Other assets |
1.0 |
| Total assets |
501.0 |
| Credit facility |
3.0 |
| Notes |
58.2 |
| Unamortized notes issuance costs |
(0.4 |
) |
| Preferred stock |
41.5 |
| Unamortized preferred stock issuance costs |
(0.4 |
) |
| Total leverage |
101.9 |
| Distribution payable |
7.6 |
| Other liabilities |
1.6 |
| Total liabilities |
9.2 |
| Net assets |
$ |
389.9 |
The Fund had 47,197,462 common shares outstanding as of September 30, 2023.
Posted In: KMF
