Kayne Anderson MLP Investment Company Announces Distribution of $0.45 per Share for Q4 2017
December 15 2017 - 7:20PM
Kayne Anderson MLP Investment Company (the “Company”) (NYSE:KYN)
announced today its quarterly distribution of $0.45 per share for
the quarter ended November 30, 2017. The distribution will be
payable on January 12, 2018 to common stockholders of record on
January 5, 2018, with an ex-dividend date of January 4, 2018.
The Company estimates that 100% of this distribution 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
2018 and its accumulated earnings and profits as of November 30,
2017. The Company’s estimate does not include a projection of gains
and losses on the sale of securities for the remainder of fiscal
2018. The final determination of the tax character of the
distribution will be made in early 2019 when the Company can
determine its actual earnings and profits for the full year
(including gains and losses on sales of securities during fiscal
2018) and 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 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, LLC 877-657-3863
http://www.kaynefunds.com/
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