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 April 30, 2011.

As of April 30, 2011, the Company’s net assets were $2.2 billion, and its net asset value per share was $29.14. As of April 30, 2011, the Company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 416% and the Company’s asset coverage ratio under the 1940 Act with respect to total leverage (debt and preferred stock) was 342%.

    Kayne Anderson MLP Investment Company Balance Sheet April 30, 2011 (Unaudited)   (in millions)   Per Share Investments $ 3,590.0 $ 48.11 Repurchase agreement and cash 50.1 0.67 Deposits 0.3 0.00 Accrued income 20.4 0.27 Receivable for securities sold 6.5 0.09 Other assets   6.6   0.09 Total assets 3,673.9 49.23   Credit facility borrowings 119.0 1.60 Senior notes 620.0 8.31 Preferred stock   160.0   2.14 Total leverage   899.0   12.05   Payable for securities purchased 47.4 0.64 Deferred tax liability 531.2 7.12 Other liabilities   21.3   0.28 Total liabilities 599.9 8.04   Net assets $ 2,175.0 $ 29.14   The Company had 74.63 million common shares outstanding as of April 30, 2011.

Long-term investments were comprised of Midstream MLPs (70%), MLP Affiliates (9%), General Partner MLPs (7%), Shipping MLPs (5%), Propane MLPs (4%), Upstream MLPs (1%) and Coal MLPs & Other (4%).

The Company’s ten largest holdings by issuer at April 30, 2011 were:

   

Units

(in thousands)

  Amount

($ millions)

  Percent of

Long-Term

Investments

1. Enterprise Products Partners L.P. (Midstream MLP) 6,639 287.3 8.0% 2. Kinder Morgan Management, LLC (MLP Affiliate) 3,398 231.7 6.5% 3. Magellan Midstream Partners, L.P. (Midstream MLP) 3,532 217.2 6.0% 4. Plains All American Pipeline, L.P. (Midstream MLP) 2,876 184.8 5.1% 5. MarkWest Energy Partners, L.P. (Midstream MLP) 3,606 183.9 5.1% 6. Williams Partners L.P. (Midstream MLP) 3,040 169.6 4.7% 7. Inergy, L.P. (Propane MLP) 3,630 148.2 4.1% 8. Energy Transfer Equity, L.P. (General Partner MLP) 3,167 145.6 4.1% 9. Energy Transfer Partners, L.P. (Midstream MLP) 2,251 122.3 3.4% 10. Buckeye Partners, L.P. (Midstream MLP) 1,726 107.8 3.0%

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.