Kayne Anderson MLP Investment Company Announces Distribution of $0.45 per Share for Q3 2017
September 29 2017 - 6:15PM
Business Wire
Kayne Anderson MLP Investment Company (the “Company”) (NYSE:
KYN) announced today its quarterly distribution of $0.45 per share
for the quarter ended August 31, 2017.
The distribution will be payable on October 13, 2017 to common
stockholders of record on October 9, 2017, with an ex-dividend date
of October 5, 2017. The Company estimates that 55% of its
distribution for the quarter ended August 31, 2017 will be treated
as a return of capital for tax purposes. This estimate is based on
the Company’s anticipated earnings and profits for fiscal 2017
(including gains and losses on sales of securities during the nine
months ended August 31, 2017) and its accumulated earnings and
profits as of August 31, 2017. The Company’s estimate does not
include a projection of gains or losses on the sale of securities
for the remainder of fiscal 2017. The final determination of the
tax character of the distribution will be made in early 2018 when
the Company can determine its actual earnings and profits for the
full year (including gains and losses on the sale of securities for
the remainder of fiscal 2017) and may differ substantially from
this preliminary information.
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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
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 Fund’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 Fund’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 Fund undertakes no obligation to
publicly update or revise any forward-looking statements made
herein. There is no assurance that the Fund’s investment objective
will be attained.
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KA Fund Advisors, LLCMonique Vo,
877-657-3863http://www.kaynefunds.com/
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