Kayne Anderson Energy Total Return Fund Announces Distribution of $0.25 per Share for Q1 2017
April 03 2017 - 8:32AM
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 February 28, 2017.
The distribution will be payable on April 21, 2017 to common
stockholders of record on April 13, 2017, with an ex-dividend date
of April 11, 2017. The Fund estimates that 85% 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 2017 and its accumulated earnings and profits as of
February 28, 2017 (including gains and losses on sales of
securities during the three months ended February 28, 2017). The
Fund’s estimate does not include a projection of gains or losses on
the sale of securities for the remainder of fiscal 2017. The final
determination of the tax character of the distribution will be made
in early 2018 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 2017) 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/20170403005752/en/
KA Fund Advisors, LLCMonique Vo,
877-657-3863http://www.kaynefunds.com/
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