Kayne Anderson Closed-End Funds Announce Tax Characterization of 2022 Distributions
January 24 2023 - 7:00PM
KA Fund Advisors, LLC (“Kayne Anderson”), which serves as the
adviser to Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:
KYN) and Kayne Anderson NextGen Energy & Infrastructure, Inc.
(NYSE: KMF) announced today the tax characterization of 2022
distributions to stockholders.
|
|
KYN Common Shares |
|
KMF Common Shares |
Ordinary dividends |
|
- |
|
|
- |
|
Qualified dividends |
|
100 |
% |
|
21 |
% |
Capital gains distributions |
|
- |
|
|
- |
|
Nondividend distributions (return of capital) |
|
- |
|
|
79 |
% |
|
|
100 |
% |
|
100 |
% |
Additional information regarding the tax characterization of
KYN’s and KMF’s 2022 distributions is available at
www.kaynefunds.com.
This information is provided for general informational purposes
only. It does not constitute, and should not be construed as, tax,
legal, investment, or other professional advice and cannot be used
or relied upon for the purpose of avoiding tax penalties. Investors
should consult their tax adviser or legal counsel for advice and
information concerning their particular situation.
Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) 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 Company’s investment
objective is to provide a high after-tax total return with an
emphasis on making cash distributions to stockholders. KYN intends
to achieve this objective by investing at least 80% of its total
assets in securities of Energy Infrastructure Companies. See
Glossary of Key Terms in the Company’s most recent quarterly report
for a description of these investment categories and the meaning of
capitalized terms.
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.
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 Company’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 Company’s investment objectives will be
attained.
Contact: Investor Relations at 877-657-3863 or
cef@kaynecapital.com
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