PreferredStockChannel
Kayne Anderson Energy Infrastructure Fund Inc | 3.500% Series F Mandatory Redeemable Preferred Shares (KYN.PRF)

This preferred is marked as having been called.
Prospectus excerpt:  Kayne Anderson MLP Investment Company (the ÙCompany,ˆ Ùwe,ˆ Ùusˆ or Ùourˆ) is a non-diversified, closed-end management investment company. Our investment objective is to obtain a high after-tax total return by investing at least 85% of our total assets in energy-related partnerships and their affiliates (collectively, Ùmaster limited partnershipsˆ or ÙMLPsˆ), 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, ÙMidstream Energy Companiesˆ).

We are offering 4,400,000 shares of our Series F Mandatory Redeemable Preferred Shares (ÙSeries F MRP Sharesˆ) with an aggregate liquidation preference of $110 million in this prospectus supplement. This prospectus supplement, together with the accompanying prospectus dated March 4, 2013 (the Ùprospectusˆ), sets forth the information that you should know before investing.

Investors in the Series F MRP Shares will be entitled to receive cash dividends at an annual rate of 3.500% per annum. Dividends on the Series F MRP Shares will be payable on the first business day of each month, beginning on May 1, 2013 and upon the redemption of the Series F MRP Shares. The initial dividend period for the Series F MRP Shares will commence on April 3, 2013 and end on April 30, 2013. Each subsequent dividend period will be a calendar month (or the portion thereof occurring prior to the redemption of such Series F MRP Shares). Dividends with respect to any monthly dividend period will be declared and paid to holders of record of Series F MRP Shares as their names appear on our books and records at the close of business on the 15th day of such monthly dividend period (or if such day is not a business day, the next preceding business day) or, with respect to the initial dividend period, to holders of record of Series F MRP Shares as their names appear on our books and records at the close of business on April 15, 2013.

Full Prospectus PDF », Secondary Prospectus PDF », KYN Page »

Series:F
Alternate symbology:KYN-F, KYN-PF, KYNprF
Redeemable?:Yes
Call Date:4/14/2014 (Now Trading Post Call Date)
Maturity Date:4/15/2020
Cumulative?:Yes
Shares Offered:4,400,000
Overallotment:600,000
Liquidation Preference:$25.00
Original Coupon:3.50%
Pay Period:Monthly
CDx3 Compliance Rating: Learn KYN.PRF's Rating
Kayne Anderson MLP/Midstream Investment is a non-diversified closed-end management investment company. Co.'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 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). Co.'s investments are principally in equity securities issued by MLPs and other Midstream Energy Companies.

Preferreds: KYN.PRD, KYN.PRE, KYN.PRF, KYN.PRG


Open the KYN Information Page »
Name: 
Kayne Anderson Energy Infrastructure Fund Inc
Website: 
www.kaynefunds.com
Sector: 
Investment Companies & Venture Capital
Number of ETFs Holding KYN: 
1 (see which ones)
Total Market Value Held by ETFs: 
$157,599
Total Market Capitalization: 
$338,000,000
% of Market Cap. Held by ETFs: 
0.05%

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