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 August 31, 2010.

As of August 31, 2010, the Company’s net assets were $1.6 billion and its net asset value per share was $23.96. As of August 31, 2010, the Company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 459% and the Company’s asset coverage ratio under the 1940 Act with respect to total leverage (debt and preferred stock) was 374%.

  Kayne Anderson MLP Investment Company Balance Sheet August 31, 2010 (Unaudited)     (in millions)    

Per Share

Investments $ 2,467.2 $ 36.61 Repurchase agreement and cash 18.8 0.28 Deposits 0.3 0.00 Accrued income 1.2 0.02 Receivable for securities sold 0.7 0.01 Other assets   5.7   0.08 Total assets 2,493.9 37.00   Senior notes 480.0 7.12 Preferred stock   110.0   1.63 Total leverage   590.0   8.75   Payable for securities purchased 11.3 0.17 Deferred tax liability 262.2 3.89 Other liabilities   15.7   0.23 Total liabilities 289.2 4.29   Net assets $ 1,614.7 $ 23.96   67.40 million common shares currently outstanding

Long-term investments were comprised of Midstream MLPs (68%), General Partner MLPs (11%), MLP Affiliates (9%), Propane MLPs (4%), Shipping (5%), Upstream MLPs (2%), and Coal (1%).

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

     

Units/Par ($)(in thousands)

   

Amount($ millions)

   

Percent ofLong-TermInvestments

1. Magellan Midstream Partners, L.P. (Midstream MLP) 3,700 179.0 7.3% 2. Enterprise Products Partners L.P. (Midstream MLP) 4,821 178.2 7.2% 3. Plains All American Pipeline, L.P. (Midstream MLP) 2,876 172.7 7.0% 4. Kinder Morgan Management, LLC (MLP Affiliate) 2,816 166.3 6.7% 5. MarkWest Energy Partners, L.P. (Midstream MLP) 3,858 128.5 5.2% 6. Inergy, L.P. (Propane MLP) 2,910 108.4 4.4% 7. Williams Partners L.P. (Midstream MLP) 2,189 92.2 3.7% 8. Energy Transfer Equity, L.P. (General Partner MLP) 2,648 92.0 3.7% 9. Copano Energy, L.L.C. (Midstream MLP) 3,510 88.2 3.6% 10. Enbridge Energy Partners, L.P. (Midstream MLP) 1,566 84.2 3.4%  

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.