Kayne Anderson Midstream/Energy Fund Announces Distribution of $0.30 per Share for Q4 2017
December 15 2017 - 7:21PM
Kayne Anderson Midstream/Energy Fund, Inc. (the “Fund”) (NYSE:KMF)
announced today its quarterly distribution of $0.30 per share for
the quarter ended November 30, 2017. The distribution will be
payable on January 12, 2018 to common stockholders of record on
December 29, 2017, with an ex-dividend date of December 28, 2017.
The Fund estimates that 100% of this distribution 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
2018 and its accumulated earnings and profits as of November 30,
2017. The Fund’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 Fund 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.
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.
Contact:
KA Fund Advisors, LLC 877-657-3863
http://www.kaynefunds.com/
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