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 October 31, 2010.

As of October 31, 2010, the Company’s net assets were $1.8 billion and its net asset value per share was $26.02. As of October 31, 2010, the Company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 445% and the Company’s asset coverage ratio under the 1940 Act with respect to total leverage (debt and preferred stock) was 370%.

        Kayne Anderson MLP Investment Company Balance Sheet October 31, 2010 (Unaudited)         (in millions) Per Share Investments $ 2,798.9 $ 40.88 Repurchase agreement and cash 1.5 0.02 Deposits 0.5 0.01 Accrued income 15.6 0.22 Receivable for securities sold 2.7 0.04 Other assets   5.6   0.08 Total assets 2,824.8 41.25   Credit facility borrowings 69.0 1.01 Senior notes 480.0 7.01 Preferred stock   110.0   1.61 Total leverage   659.0   9.63   Payable for securities purchased 2.9 0.04 Deferred tax liability 364.4 5.32 Other liabilities   16.6   0.24 Total liabilities 383.9 5.60   Net assets $ 1,781.9 $ 26.02   The Company had 68.47 million common shares outstanding as of October 31, 2010.  

Long-term investments were comprised of Midstream MLPs (67%), General Partner MLPs (12%), MLP Affiliates (9%), Propane MLPs (4%), Shipping (5%), Upstream MLPs (2%), and Coal (1%).

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

                     

Units/Par ($)(in thousands)

Amount

($ millions)

Percent of

Long-Term

Investments

1. Enterprise Products Partners L.P. (Midstream MLP) 5,122 219.5 7.8% 2. Magellan Midstream Partners, L.P. (Midstream MLP) 3,732 201.4 7.2% 3. Plains All American Pipeline, L.P. (Midstream MLP) 2,876 181.5 6.5% 4. Kinder Morgan Management, LLC (MLP Affiliate) 2,912 179.6 6.4% 5. MarkWest Energy Partners, L.P. (Midstream MLP) 3,784 144.2 5.2% 6. Williams Partners L.P. (Midstream MLP) 3,047 134.4 4.8% 7. Energy Transfer Equity, L.P. (General Partner MLP) 2,702/$7,500 113.9 4.1% 8. Inergy, L.P. (Propane MLP) 2,810 110.3 3.9% 9. Energy Transfer Partners, L.P. (Midstream MLP) 1,913 97.6 3.5% 10. ONEOK Partners, L.P. (Midstream MLP) 1,183 92.6 3.3%  

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.