Kayne Anderson Midstream/Energy Fund Announces Distribution of $0.30 Per Share for Q3 2017
September 29 2017 - 6:16PM
Business Wire
Kayne Anderson Midstream/Energy Fund, Inc. (the “Fund”)
(NYSE:KMF) announced today its quarterly distribution of $0.30 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 Fund estimates that 90% 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 Fund’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 Fund’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 Fund 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.
The Fund 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 Fund’s investment objective
is to provide a high level of total return with an emphasis on
making quarterly cash distributions to its stockholders by
investing at least 80% of its total assets in securities of
companies in the Midstream/Energy Sector, consisting of: (a)
Midstream Master Limited Partnerships (“MLPs”), (b) Midstream
Companies, (c) Other MLPs and (d) Other Energy Companies. The Fund
anticipates that the majority of its investments will consist of
investments in Midstream MLPs and Midstream Companies. See Glossary
of Key Terms on page ii of the Prospectus for definitions of
certain key terms.
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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version on businesswire.com: http://www.businesswire.com/news/home/20170929005825/en/
KA Fund Advisors, LLCMonique Vo,
877-657-3863http://www.kaynefunds.com/
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