Kayne Anderson Files 2010 Annual Reports for KYN, KYE, KMF and KED
February 02 2011 - 7:07PM
Business Wire
KA Fund Advisors, LLC (“Kayne Anderson”), which serves as the
advisor to Kayne Anderson MLP Investment Company (“KYN”), Kayne
Anderson Energy Total Return Fund, Inc. (“KYE”), Kayne Anderson
Midstream/Energy Fund, Inc. (“KMF”) and Kayne Anderson Energy
Development Company (“KED”) announced that copies of each fund’s
annual report for the year ended November 30, 2010 are available
online at www.kaynefunds.com. Hard copies of these reports are
available free of charge upon request by calling
1-877-657-3863.
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. KYN’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 of natural gas, natural
gas liquids (including propane), crude oil, refined petroleum
products or coal.
Kayne Anderson Energy Total Return Fund, Inc. 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. KYE’s investment objective is to
obtain a high total return with an emphasis on current income by
investing primarily in securities of companies engaged in the
energy industry, principally including publicly-traded
energy-related master limited partnerships and limited liability
companies taxed as partnerships and their affiliates,
energy-related U.S. and Canadian royalty trusts and income trusts
and other companies that derive at least 50% of their revenues from
operating assets used in, or providing energy-related services for,
the exploration, development, production, gathering,
transportation, processing, storing, refining, distribution, mining
or marketing of natural gas, natural gas liquids (including
propane), crude oil, refined petroleum products or coal.
Kayne Anderson Midstream/Energy Fund, Inc. is a non-diversified,
closed-end management investment company registered under the
Investment Company Act of 1940, whose common stock is traded on the
New York Stock Exchange. KMF’s investment objective is to provide a
high level of total return with an emphasis on making quarterly
cash distributions to its stockholders by investing at least 80% of
its total assets in securities of companies in the Midstream/Energy
Sector, consisting of: (a) Midstream Master Limited Partnerships
(“MLPs”), (b) Midstream Companies, (c) Other MLPs and (d) Other
Energy Companies. KMF anticipates that the majority of its
investments will consist of investments in Midstream MLPs and
Midstream Companies. See Glossary of Key Terms on page ii of the
Prospectus for definitions of certain key terms.
Kayne Anderson Energy Development Company is a non-diversified,
closed-end investment company registered under the Investment
Company Act of 1940. KED’s investment objective is to generate both
current income and capital appreciation primarily through equity
and debt investments. KED will seek to achieve this objective by
investing at least 80% of its net assets together with the proceeds
of any borrowings (its "total assets") in securities of companies
that derive the majority of their revenue from activities in the
energy industry, including: (a) Midstream Energy Companies, which
are businesses that operate assets used to gather, transport,
process, treat, terminal and store natural gas, natural gas
liquids, propane, crude oil or refined petroleum products; (b)
Upstream Energy Companies, which are businesses engaged in the
exploration, extraction and production of natural resources,
including natural gas, natural gas liquids and crude oil, from
onshore and offshore geological reservoirs; and (c) Other Energy
Companies, which are businesses engaged in owning, leasing,
managing, producing, processing and sale of coal and coal reserves;
the marine transportation of crude oil, refined petroleum products,
liquefied natural gas, as well as other energy-related natural
resources using tank vessels and bulk carriers; and refining,
marketing and distributing refined energy products, such as motor
gasoline and propane to retail customers and industrial
end-users.
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