Kayne Anderson Energy Total Return Fund Announces Distribution of $0.25 per Share for Q3 2016
September 29 2016 - 4:20PM
Business Wire
Kayne Anderson Energy Total Return Fund, Inc. (the “Fund”)
(NYSE:KYE) announced today its quarterly distribution of $0.25 per
share for the quarter ended August 31, 2016.
The distribution will be payable on October 14, 2016 to common
stockholders of record on October 7, 2016, with an ex-dividend date
of October 5, 2016. The Fund estimates that 35% of this
distribution will be treated as a return of capital for tax
purposes. This estimate is based on the Fund’s anticipated earnings
and profits for fiscal 2016 and its accumulated earnings and
profits as of August 31, 2016 (including gains and losses on
sales of securities during the nine months ended August 31,
2016). The Fund’s estimate does not include a projection of gains
or losses on the sale of securities for the remainder of fiscal
2016. The final determination of the tax character of the
distribution will be made in early 2017 when the Fund can determine
its actual earnings and profits for the full year (including gains
and losses on the sale of securities for the remainder of fiscal
2016) and may differ substantially from this preliminary
information.
The Fund 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 Fund’s investment objective
is to obtain a high total return with an emphasis on current income
by investing primarily in securities of companies engaged in the
energy industry, principally including publicly-traded
energy-related master limited partnerships and limited liability
companies taxed as partnerships and their affiliates,
energy-related U.S. and Canadian trusts and income trusts and other
companies that derive at least 50% of their revenues from operating
assets used in, or providing energy-related services for, the
exploration, development, production, gathering, transportation,
processing, storing, refining, distribution, mining or marketing of
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 materially differ from the Fund’s historical
experience and its present expectations or projections indicated in
any forward-looking statement. These risks include, but are not
limited to, changes in economic and political conditions;
regulatory and legal changes; energy industry risk; commodity
pricing risk; leverage risk; valuation risk; non-diversification
risk; interest rate risk; tax risk; and other risks discussed in
the Fund’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 Fund undertakes no obligation to publicly
update or revise any forward-looking statements made herein. There
is no assurance that the Fund’s investment objectives will be
attained.
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version on businesswire.com: http://www.businesswire.com/news/home/20160929006309/en/
KA Fund Advisors, LLCMonique Vo,
877-657-3863http://www.kaynefunds.com/
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