Kayne Anderson MLP Investment Company Increases Distribution to $0.595 per Share for Q3 2013
September 19 2013 - 7:10PM
Business Wire
Kayne Anderson MLP Investment Company (the “Company”) (NYSE:KYN)
announced today its quarterly distribution of $0.595 per share for
the quarter ended August 31, 2013. This distribution represents an
increase of 2.6% from the prior quarter’s distribution of $0.58 per
share and an increase of 10.7% from the distribution for the
quarter ended August 31, 2012. This represents the twelfth
consecutive quarterly increase by the Company.
The distribution will be payable on October 11, 2013 to common
stockholders of record on October 4, 2013, with an ex-dividend date
of October 2, 2013. It is anticipated that a 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 2014 when the Company can determine its earnings and profits.
The final tax status of the distribution may differ substantially
from this preliminary information.
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 (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 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.
KA Fund Advisors, LLCMonique Vo,
877-657-3863http://www.kaynefunds.com
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