Filing by Certain Investment Companies of Rule 482 Advertising in Accordance With Rule 497 and the Note to Rule 482(e) (497ad)
March 27 2013 - 5:03PM
Edgar (US Regulatory)
Filed pursuant to Rule 497(a) under the
Securities Act of 1933, as amended, File No. 333-183599
Rule 482 ad
Kayne Anderson MLP Investment Company Prices Public Offering of
Series F Mandatory Redeemable Preferred Shares
Houston, TX March 26, 2013 Kayne Anderson MLP Investment Company (the Company) (NYSE: KYN) announced the pricing of a
public offering of preferred stock. The Company agreed to sell 4,400,000 shares of Series F Mandatory Redeemable Preferred Shares (Series F MRP Shares) at a price of $25.00 per share (exclusive of 600,000 additional shares that the
underwriters may purchase pursuant to a 15-day option to cover over-allotments, if any). The Series F MRP Shares pay cash dividends at a rate of 3.50% per annum and have a mandatory redemption date of April 15, 2020. The Company intends to
use the net proceeds from the offering of approximately $108 million to redeem its Series D Mandatory Redeemable Preferred Shares, to make investments in portfolio companies in accordance with its investment objective and policies, to repay
indebtedness, and for general corporate purposes. The offering is scheduled to close on April 3, 2013.
Merrill Lynch, Pierce,
Fenner & Smith Incorporated, Citigroup and UBS Investment Bank are joint book-running managers. A copy of the prospectus supplement and base prospectus relating to the offering may be obtained from the following addresses:
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Merrill Lynch, Pierce, Fenner & Smith Incorporated
Attn: Prospectus Department
222 Broadway, 11
th
Floor
New York, NY 10038
Email: dg.prospectus_requests@baml.com
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Citigroup
c/o Broadridge
Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Telephone: 800-831-9146
Email:
batprospectusdept@citi.com
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UBS Investment Bank
Attn: Prospectus Department
299 Park Avenue
New York, NY 10171
Telephone: 888-827-7275
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Investors may also obtain these documents free of charge from the Companys website at
www.kaynefunds.com/kyn/sec-filings/ or the Securities and Exchange Commissions (SEC) website at
www.sec.gov
.
An
investor should read the Companys preliminary prospectus supplement and the base prospectus carefully before investing. The preliminary prospectus supplement and the base prospectus contain important information about the Company and its
investment objective and policies, risks, charges and expenses.
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This press release does not constitute an offer to sell or a solicitation to buy the securities described
herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction. A registration
statement relating to these securities was filed with, and has been declared effective by, the SEC.
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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 New York Stock Exchange. The Companys 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 (collectively, MLPs), 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, 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
Companys 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 Companys 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 Companys investment objective will be attained.
CONTACT:
KA Fund Advisors, LLC
Monique Vo, 877-657-3863
www.kaynefunds.com
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