Kayne Anderson MLP Investment Company Increases Quarterly Distribution to $0.485 per Share for Q4 2010
December 16 2010 - 6:15PM
Business Wire
Kayne Anderson MLP Investment Company (the “Company”) (NYSE:
KYN) announced today its quarterly distribution of $0.485 per share
for the period September 1, 2010 to November 30, 2010,
representing an increase of 1.0% from the prior quarter’s
distribution of $0.48 per share.
The distribution for the quarter ended November 30, 2010 will be
payable on January 14, 2011 to common stockholders of record on
January 5, 2011, with an ex-dividend date of January 3, 2011. It is
anticipated that a significant portion of this distribution will be
treated as a return of capital for tax purposes. The final
determination of such amount will be made in early 2012 when the
Company can determine its earnings and profits. The final tax
status of the distribution may differ substantially from this
preliminary information.
The 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.
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