Kayne Anderson MLP Investment Company Announces Distribution of $0.45 Per Share for Q2 2017
June 30 2017 - 6:20PM
Business Wire
Kayne Anderson MLP Investment Company (the “Company”) (NYSE:KYN)
announced today its quarterly distribution of $0.45 per share for
the quarter ended May 31, 2017.
The distribution will be payable on July 14, 2017 to common
stockholders of record on July 10, 2017, with an ex-dividend date
of July 6, 2017. The Company estimates that 100% of its
distribution for the quarter ended May 31, 2017 will be treated as
a return of capital for tax purposes. This estimate is based on the
Company’s anticipated earnings and profits for fiscal 2017
(including gains and losses on sales of securities during the six
months ended May 31, 2017) and its accumulated earnings and profits
as of May 31, 2017. The Company’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
Company 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.
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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KA Fund Advisors, LLCMonique Vo,
877-657-3863http://www.kaynefunds.com
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