Kayne Anderson Price, Forecast, Insider, Ratings, Fundamentals & Signals

Houston, may 01, 2024 (globe newswire) -- kayne anderson energy infrastructure fund, inc. (the “company”) (nyse: kyn) today provided a summary unaudited statement of assets and liabilities and announced its net asset value and asset coverage ratios under the investment company act of 1940 (the “1940 act”) as of april 30, 2024.

Houston, april 01, 2024 (globe newswire) -- kayne anderson energy infrastructure fund, inc. (the “company”) (nyse: kyn) today provided a summary unaudited statement of assets and liabilities and announced its net asset value and asset coverage ratios under the investment company act of 1940 (the “1940 act”) as of march 31, 2024.

Houston, march 26, 2024 (globe newswire) -- kayne anderson energy infrastructure fund, inc. (the “company”) (nyse: kyn) announced today a quarterly distribution of $0.22 per share for the fiscal quarter ended february 29, 2024. this distribution is payable to common stockholders on april 12, 2024 (as outlined in the table below).

Houston, march 04, 2024 (globe newswire) -- kayne anderson energy infrastructure fund, inc. (the “company”) (nyse: kyn) today provided a summary unaudited statement of assets and liabilities and announced its net asset value and asset coverage ratios under the investment company act of 1940 (the “1940 act”) as of february 29, 2024.

Houston, feb. 22, 2024 (globe newswire) -- kayne anderson energy infrastructure fund, inc. (the “company”) (nyse: kyn) announced today that it has entered into a $135 million unsecured revolving credit facility (the “credit facility”). the credit facility matures on february 20, 2025. the credit facility replaces the company's $175 million unsecured revolving credit facility that was scheduled to mature on february 23, 2024.

Kayne Anderson Energy Infrastructure Fund offers investors a way to add midstream master limited partnerships and corporations to their retirement accounts without tax issues. Midstream companies provide stable cash flows and high yields. These yields could make these equities attractive alternatives to bonds right now. The KYN closed-end fund has outperformed the S&P 500 Index and the Alerian MLP Index recently, and its current yield is higher than most individual midstream companies.

Kayne Anderson Energy Infrastructure Fund has underperformed in the past, but its current portfolio and 15% discount to NAV are promising. Consensus estimates point to a 20% total return potential. The portfolio's 7% dividend yield is well-supported by EBITDA and reasonable leverage.

The CEF Kayne Anderson Energy Infrastructure Fund offers exposure to the energy sector without the hassle of K-1 tax forms. The KYN CEF invests in midstream companies, utilities, and renewable energy, with a 91% allocation to midstreams. KYN has a 9.97% yield and has performed well in recent years, but lags behind the broad energy ETF, XLE.

2023 year-end review of our 8% Income Portfolio. This high-income portfolio earned over $29,000 in distributions amounting to over 14% yield-on-cost basis and roughly 8.6% on average portfolio value. We will provide updates on trades during the year, dividends collected, and overall performance. As usual, we will compare the performance with a traditional 60:40 stock/bond portfolio.

The Kayne Anderson Energy Infrastructure Fund specializes in investing in midstream corporations, master limited partnerships, utilities, and renewable energy. The KYN closed-end fund's yield of 10.08% is higher than most equity closed-end funds and is appealing to income-seeking investors. The fund's focus on midstream companies provides stability and potential for future cash flow growth, making it an attractive option for investors concerned about the near-term outlook of the American economy.

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Kayne Anderson Energy Infrastructure Fund specializes in investing in energy infrastructure companies, which enjoy stable cash flows regardless of the broader economy. The fund's performance has lagged behind the Alerian MLP Index, but it delivers high direct payments to shareholders, which may not be reflected in price performance. The fund's largest holdings are stable companies focused on natural gas, and it employs leverage to boost returns, but at a reasonable level.

The Kayne Anderson Energy Infrastructure Fund is an energy infrastructure focused closed-end fund. Despite strong returns in 2021 and 2022, KYN's longer-term returns have been subpar; the fund charges a high management fee but underperforms the AMLP ETF. The proposed KYN/KMF merger does little to benefit KYN unitholders in my opinion. It does not address the fundamental problem of poor investment performance and discount to NAV.

Kayne Anderson Energy Infrastructure Fund, KYN, and Kayne Anderson NextGen Energy & Infrastructure, KMF, have proposed a merger. The merger requires shareholder approvals.

Midstream partnerships and corporations are one of the best vehicles available for income-seeking investors and have long been popular among this cohort. KYN invests in a portfolio of these companies in order to provide a very high yield to its shareholders.