Kayne Anderson MLP/Midstream Investment Company Announces Monthly Distribution Amounts and Dates for July, August and Septemb...
June 27 2019 - 4:40PM
Kayne Anderson MLP/Midstream Investment Company (NYSE: KYN) (the
“Company”) announced today its monthly distributions of $0.12 per
share for each of July, August and September 2019. These monthly
distributions will be payable to common stockholders pursuant to
the table below.
DeclarationDate |
Ex-Date |
Record Date |
Payment Date |
DistributionAmount |
Return ofCapitalEstimate (1) |
6/27/19 |
7/17/19 |
7/18/19 |
7/31/19 |
$0.12 |
100% |
6/27/19 |
8/21/19 |
8/22/19 |
8/30/19 |
$0.12 |
100% |
6/27/19 |
9/18/19 |
9/19/19 |
9/30/19 |
$0.12 |
100% |
(1) The return of capital estimate is based on the
Company’s anticipated earnings and profits for fiscal 2019 and does
not include a projection of gains and losses on the sale of
securities which may occur during the remainder of the year. At
this time, the Company estimates that 100% of its annual
distributions are considered to be a non-taxable return of capital.
The final determination of the tax character of distributions will
be made in early 2020 and may differ substantially from this
preliminary information.
Kayne Anderson MLP/Midstream Investment Company is a
non-diversified, closed-end management investment company
registered under the Investment Company Act of 1940, as amended,
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 (“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
(collectively with MLPs, “Midstream Energy Companies”).
The Company pays regular monthly cash distributions to common
stockholders at a level rate that may be adjusted from time to time
based on the projected income of the Company. The amount of monthly
distributions is not guaranteed and may vary depending on a number
of factors, including changes in portfolio holdings and market
conditions. Payment of future distributions is subject to Board of
Directors approval, as well as meeting the covenants of the
Company’s debt agreements and terms of its preferred stock. This
press release shall not constitute an offer to sell or a
solicitation to buy, nor shall there be any sale of any securities
in any jurisdiction in which such offer or sale is not permitted.
Nothing contained in this press release is intended to recommend
any investment policy or investment strategy or take into account
the specific objectives or circumstances of any investor. Please
consult with your investment, tax or legal adviser regarding your
individual circumstances prior to investing.
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 detail in the Company’s filings with the SEC,
available at www.sec.gov. 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.
Contact: KA Fund Advisors, LLC Investor Relations 877-657-3863
cef@kaynecapital.com www.kaynefunds.com
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