Kayne Anderson MLP Investment Company (the “Company”) (NYSE:KYN) today provided a summary unaudited statement of assets and liabilities and announced its net asset value and asset coverage ratios under the Investment Company Act of 1940 (the “1940 Act”) as of November 30, 2017.

As of November 30, 2017, the Company’s net assets were $1.8 billion, and its net asset value per share was $15.90. As of November 30, 2017, the Company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 384% and the Company’s asset coverage ratio under the 1940 Act with respect to total leverage (debt and preferred stock) was 276%.

Kayne Anderson MLP Investment Company
Statement of Assets and Liabilities
November 30, 2017
(Unaudited)
    (in millions)   Per Share
Investments   $   3,315.8     $   28.86  
Cash and cash equivalents       77.3         0.67  
Deposits       0.3       0.00  
Accrued income       0.5         0.01  
Receivable for securities sold       4.3         0.04  
Other assets       1.1         0.01  
Total assets       3,399.3         29.59  
         
Notes       747.0         6.50  
Unamortized notes issuance costs     (2.8 )       (0.02 )
Preferred stock       292.0         2.54  
Unamortized preferred stock issuance costs     (2.3 )       (0.02 )
Total leverage       1,033.9         9.00  
         
Payable for securities purchased     4.3         0.04  
Other liabilities       26.4         0.23  
Current tax liability       14.5         0.12  
Deferred tax liability       494.0         4.30  
Total liabilities       539.2         4.69  
         
Net assets   $   1,826.2     $   15.90  
         
The Company had 114,877,080 common shares outstanding as of November 30, 2017.

Long-term investments were comprised of Midstream MLP (86%), Midstream Company (12%), Shipping MLP (1%) and General Partner MLP (1%).

The Company’s ten largest holdings by issuer at November 30, 2017 were:

    Units / Shares(in thousands)     Amount($ millions)     Percent of Long-Term Investments
1. Enterprise Products Partners L.P. (Midstream MLP) 19,830       $ 488.4     14.7%
2. Energy Transfer Partners, L.P. (Midstream MLP) 18,385     305.4     9.2%
3. Williams Partners L.P. (Midstream MLP) 8,287     304.1     9.2%
4. MPLX LP (Midstream MLP)* 7,009     261.2     7.9%
5. ONEOK, Inc. (Midstream Company) 4,341     225.3     6.8%
6. Western Gas Partners, LP (Midstream MLP) 3,879     173.9     5.2%
7. Plains All American Pipeline, L.P. (Midstream MLP) 8,710     169.9     5.1%
8. DCP Midstream, LP (Midstream MLP) 4,763     167.4     5.0%
9. Targa Resources Corp. (Midstream Company) 3,332     144.6     4.4%
10. Buckeye Partners, L.P. (Midstream MLP) 2,916     134.0     4.0%
_____________          
* Includes 4,753 common units ($170.4 million) and 2,256 preferred units ($90.8 million).

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.

Contact:

KA Fund Advisors, LLC877-657-3863http://www.kaynefunds.com/

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