KYN Kayne Anderson Energy Infrastructure Fund Inc

Kayne Anderson MLP Investment Company (the “Company”) (NYSE: KYN) today provided a summary unaudited balance sheet and announced its net asset value and asset coverage ratios under the Investment Company Act of 1940 (the “1940 Act”) as of July 31, 2010.

As of July 31, 2010, the Company’s net assets were $1.5 billion and its net asset value per share was $24.63. As of July 31, 2010, the Company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 395% and the Company’s asset coverage ratio under the 1940 Act with respect to total leverage (debt and preferred stock) was 328%.

  Kayne Anderson MLP Investment CompanyBalance SheetJuly 31, 2010(Unaudited)     (in millions)     Per Share Investments $ 2,426.1 $ 40.33 Short-term investments and cash 0.7 0.01 Deposits 1.4 0.02 Accrued income 16.7 0.28 Receivable for securities sold 0.5 0.01 Other assets   5.9   0.10 Total assets 2,451.3 40.75   Credit facility borrowings 60.0 1.00 Senior notes 480.0 7.98 Preferred stock   110.0   1.83 Total leverage   650.0   10.81   Payable for securities purchased 17.6 0.29 Deferred tax liability 291.2 4.84 Other liabilities   10.9   0.18 Total liabilities 319.7 5.31   Net assets $ 1,481.6 $ 24.63   60.15 million common shares currently outstanding  

Long-term investments were comprised of Midstream MLPs (68%), General Partner MLPs (11%), MLP Affiliates (9%), Propane MLPs (5%), Shipping (5%), Upstream MLPs (1%), and Coal (1%).

The Company’s ten largest holdings by issuer at July 31, 2010 were:

     

Units/Par ($)(in thousands)

  Amount

($ millions)

  Percent of

Long-Term

Investments

1. Plains All American Pipeline, L.P. (Midstream MLP) 2,876 176.7 7.3% 2. Enterprise Products Partners L.P. (Midstream MLP) 4,559 172.3 7.1% 3. Magellan Midstream Partners, L.P. (Midstream MLP) 3,499 170.5 7.0% 4. Kinder Morgan Management, LLC (MLP Affiliate) 2,650 155.9 6.4% 5. MarkWest Energy Partners, L.P. (Midstream MLP) 3,716 129.4 5.3% 6. Inergy, L.P. (Propane MLP) 3,019 128.4 5.3% 7. Copano Energy, L.L.C. (Midstream MLP) 3,524 98.6 4.1% 8. Energy Transfer Equity, L.P. (General Partner MLP) 2,572 91.5 3.8% 9. Energy Transfer Partners, L.P. (Midstream MLP) 1,778 89.9 3.7% 10. Regency Energy Partners LP (Midstream MLP) 3,426 89.8 3.7%  

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, 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.