Kayne Anderson MLP Investment Company Announces $50 Million Redemption of its Series G MRP Shares
August 26 2016 - 4:50PM
Business Wire
Kayne Anderson MLP Investment Company (the “Company”) (NYSE:KYN)
announced that it will redeem all 2,000,000 shares of its Series G
Mandatory Redeemable Preferred Shares (“Series G MRP Shares”) with
an aggregate liquidation preference of $50 million on October 3,
2016.
Holders of record as of September 15, 2016 of the Series G MRP
Shares will receive the regular monthly dividend payment amount on
October 3, 2016. On October 3, 2016, holders will receive the
liquidation preference per share of $25.00, plus accumulated but
unpaid dividends for two days (October 1 and 2, 2016). The paying
agent is American Stock Transfer & Trust Company, which is the
Company’s transfer agent.
Kayne Anderson MLP Investment Company is a non-diversified,
closed-end management investment company registered under the
Investment Company Act of 1940, whose common stock is traded on the
NYSE. The Company's investment objective is to obtain a high
after-tax total return by investing at least 85% of its total
assets in energy-related master limited partnerships and their
affiliates (collectively, “MLPs”), and in other companies that, as
their principal business, operate assets used in the gathering,
transporting, processing, storing, refining, distributing, mining
or marketing natural gas, natural gas liquids (including propane),
crude oil, refined petroleum products or coal.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press
release contains "forward-looking statements" as defined under the
U.S. federal securities laws. Generally, the words "believe,"
"expect," "intend," "estimate," "anticipate," "project," "will" and
similar expressions identify forward-looking statements, which
generally are not historical in nature. Forward-looking statements
are subject to certain risks and uncertainties that could cause
actual results to differ from the Company's historical experience
and its present expectations or projections indicated in any
forward-looking statements. These risks include, but are not
limited to, changes in economic and political conditions;
regulatory and legal changes; MLP industry risk; leverage risk;
valuation risk; interest rate risk; tax risk; and other risks
discussed in the Company's filings with the SEC. You should not
place undue reliance on forward-looking statements, which speak
only as of the date they are made. The Company 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160826005788/en/
KA Fund Advisors, LLCMonique Vo,
877-657-3863http://www.kaynefunds.com
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