Kayne Anderson MLP/Midstream Investment Company Announces Monthly Distribution Amounts and Dates for October, November and De...
October 03 2019 - 4:45PM
Kayne Anderson MLP/Midstream Investment Company (NYSE: KYN) (the
“Company”) announced today its monthly distributions of $0.12 per
share for each of October, November and December 2019. These
monthly distributions will be payable to common stockholders
pursuant to the table below.
DeclarationDate |
Ex-Date |
Record Date |
Payment Date |
DistributionAmount |
Return ofCapitalEstimate (1) |
10/3/19 |
10/23/19 |
10/24/19 |
10/31/19 |
$0.12 |
100% |
10/3/19 |
11/20/19 |
11/21/19 |
11/29/19 |
$0.12 |
100% |
10/3/19 |
12/18/19 |
12/19/19 |
12/31/19 |
$0.12 |
100% |
(1) The return of capital estimate is based on the
Company’s anticipated earnings and profits for fiscal 2019 and does
not include a projection of gains and losses on the sale of
securities which may occur during the remainder of the year. At
this time, the Company estimates that 100% of its annual
distributions are considered to be a non-taxable return of capital.
The final determination of the tax character of distributions will
be made in early 2020 and may differ substantially from this
preliminary information.
Kayne Anderson MLP/Midstream Investment Company is a
non-diversified, closed-end management investment company
registered under the Investment Company Act of 1940, as amended,
whose common stock is traded on the NYSE. KYN’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 (“MLPs”), and in other companies
that, as their principal business, operate assets used in the
gathering, transporting, processing, storing, refining,
distributing, mining or marketing of natural gas, natural gas
liquids, crude oil, refined petroleum products or coal
(collectively with MLPs, “Midstream Energy Companies”).
The Company pays regular monthly cash distributions to common
stockholders at a level rate that may be adjusted from time to
time. The amount of monthly distributions is not guaranteed and may
vary depending on a number of factors, including changes in
portfolio holdings and market conditions. Payment of future
distributions is subject to Board of Directors approval, as well as
meeting the covenants of the Company’s debt agreements and terms of
its preferred stock. This press release shall not constitute an
offer to sell or a solicitation to buy, nor shall there be any sale
of any securities in any jurisdiction in which such offer or sale
is not permitted. Nothing contained in this press release is
intended to recommend any investment policy or investment strategy
or take into account the specific objectives or circumstances of
any investor. Please consult with your investment, tax or legal
adviser regarding your individual circumstances prior to
investing.
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 Company’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 detail in the Company’s filings with the SEC,
available at www.sec.gov. You should not place undue reliance on
forward-looking statements, which speak only as of the date they
are made. The Company undertakes no obligation to publicly update
or revise any forward-looking statements made herein. There is no
assurance that the Company’s investment objectives will be
attained.
Contact: KA Fund Advisors, LLC Investor Relations 877-657-3863
cef@kaynecapital.com www.kaynefunds.com
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