Kayne Anderson NextGen Energy & Infrastructure Announces Distribution of $0.16 per Share for Q3 2022
September 22 2022 - 6:55PM
Kayne Anderson NextGen Energy & Infrastructure, Inc. (the
“Fund”) (NYSE: KMF) announced today a quarterly distribution of
$0.16 per share for the fiscal quarter ended August 31, 2022. This
distribution is payable to common stockholders on October 7, 2022
(as outlined in the table below).
Ex-Date |
Record Date |
Payment Date |
DistributionAmount |
Return of Capital
Estimate(1) |
9/30/22 |
10/3/22 |
10/7/22 |
$0.16 |
95 |
% |
(1) The return of capital estimate is based on the
Funds anticipated earnings and profits. The final determination of
the tax character of distributions will not be determinable until
after the end of the fiscal year and may differ substantially from
this preliminary information.
The Fund expects the next distribution to be declared in
December 2022. Payment of future distributions is subject to the
Board of Directors’ approval, as well as meeting the covenants of
the Fund’s debt agreements and terms of its preferred stock.
Kayne Anderson NextGen Energy & Infrastructure,
Inc. (NYSE: KMF) 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. The
Fund’s investment objective is to provide a high level of total
return with an emphasis on making cash distributions to its
stockholders. The Fund seeks to achieve its investment objective by
investing at least 80% of its total assets in securities of Energy
Companies and Infrastructure Companies. The Fund anticipates that
the majority of its investments will consist of investments in
”NextGen” companies, which we define as Energy Companies and
Infrastructure Companies that are meaningfully participating in, or
benefitting from, the Energy Transition. See Glossary of Key Terms
in the Fund’s most recent quarterly report for a description of
these investment categories and the meaning of capitalized
terms.
The Fund pays cash distributions to common stockholders at a
rate that may be adjusted from time to time. Distribution amounts
are not guaranteed and may vary depending on a number of factors,
including changes in portfolio holdings and market conditions.
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 consider any
investor’s specific objectives or circumstances. Before investing,
please consult with your investment, tax, or legal adviser
regarding your individual circumstances.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This
communication contains statements reflecting assumptions,
expectations, projections, intentions, or beliefs about future
events. These and other statements not relating strictly to
historical or current facts constitute forward-looking statements
as defined under the U.S. federal securities laws. Forward-looking
statements involve a variety of risks and uncertainties. These
risks include but are not limited to changes in economic and
political conditions; regulatory and legal changes; energy industry
risk; leverage risk; valuation risk; interest rate risk; tax risk;
and other risks discussed in detail in the Fund’s filings with the
SEC, available at www.kaynefunds.com or www.sec.gov.
Actual events could differ materially from these statements or our
present expectations or projections. You should not place undue
reliance on these forward-looking statements, which speak only as
of the date they are made. Kayne Anderson undertakes no obligation
to publicly update or revise any forward-looking statements made
herein. There is no assurance that the Fund’s investment objectives
will be attained.
Contact: Investor Relations at 877-657-3863 or
cef@kaynecapital.com
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