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Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) has released its unaudited financial statement as of January 31, 2025. The company reported net assets of $2.4 billion and a net asset value per share of $14.46. The fund’s asset coverage ratio for senior securities representing indebtedness was 623%, while the ratio for total leverage was 476%.
The fund’s portfolio consists primarily of Midstream Energy Companies (94%), with smaller allocations to Utility Companies (4%) and Other (2%). The top three holdings are Energy Transfer LP (11.3%), Enterprise Products Partners L.P. (9.8%), and The Williams Companies, Inc. (9.5%). Total assets amount to $3.47 billion, with investments valued at $3.45 billion.
Il Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) ha pubblicato il suo bilancio non verificato al 31 gennaio 2025. L’azienda ha riportato attivi netti pari a 2,4 miliardi di dollari e un valore netto per azione di 14,46 dollari. Il rapporto di copertura degli attivi del fondo per i titoli senior che rappresentano indebitamento era del 623%, mentre il rapporto per la leva totale era del 476%.
Il portafoglio del fondo è composto principalmente da Società Energetiche Midstream (94%), con minori allocazioni a Società Utilitarie (4%) e Altro (2%). Le prime tre partecipazioni sono Energy Transfer LP (11,3%), Enterprise Products Partners L.P. (9,8%) e The Williams Companies, Inc. (9,5%). Gli attivi totali ammontano a 3,47 miliardi di dollari, con investimenti valutati a 3,45 miliardi di dollari.
El Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) ha publicado su estado financiero no auditado al 31 de enero de 2025. La compañía informó activos netos de 2.4 mil millones de dólares y un valor neto por acción de 14.46 dólares. La relación de cobertura de activos del fondo para valores senior que representan endeudamiento fue del 623%, mientras que la relación para la deuda total fue del 476%.
La cartera del fondo consiste principalmente en Empresas Energéticas Midstream (94%), con distribuciones más pequeñas para Empresas de Servicios (4%) y Otros (2%). Las tres principales participaciones son Energy Transfer LP (11.3%), Enterprise Products Partners L.P. (9.8%) y The Williams Companies, Inc. (9.5%). Los activos totales ascienden a 3.47 mil millones de dólares, con inversiones valoradas en 3.45 mil millones de dólares.
케인 앤더슨 에너지 인프라 펀드 (NYSE: KYN)는 2025년 1월 31일 기준의 감사받지 않은 재무제표를 발표했습니다. 회사는 순 자산이 24억 달러이며 주당 순 자산 가치가 14.46달러라고 보고했습니다. 펀드의 담보 비율은 부채를 나타내는 Senior Securities에 대해 623%였으며, 총 레버리지 비율은 476%였습니다.
펀드의 포트폴리오는 주로 미드스트림 에너지 기업(94%)으로 구성되어 있으며, 유틸리티 회사(4%)와 기타(2%)에 대한 소규모 배분이 있습니다. 상위 3차 보유 주식은 Energy Transfer LP(11.3%), Enterprise Products Partners L.P.(9.8%), The Williams Companies, Inc.(9.5%)입니다. 총 자산은 34.7억 달러이며, 투자금 가치는 34.5억 달러입니다.
Le Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) a publié son état financier non audité au 31 janvier 2025. La société a rapporté des actifs nets de 2,4 milliards de dollars et une valeur nette par action de 14,46 dollars. Le ratio de couverture d’actifs du fonds pour les titres senior représentant une dette était de 623%, tandis que le ratio pour l’effort total était de 476%.
Le portefeuille du fonds est principalement composé de Compagnies Énergétiques Midstream (94%), avec de plus petites allocations pour les Sociétés de Services (4%) et Autres (2%). Les trois principales participations sont Energy Transfer LP (11,3%), Enterprise Products Partners L.P. (9,8%) et The Williams Companies, Inc. (9,5%). Les actifs totaux s’élèvent à 3,47 milliards de dollars, avec des investissements valorisés à 3,45 milliards de dollars.
Der Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) hat seinen ungeprüften Finanzbericht zum 31. Januar 2025 veröffentlicht. Das Unternehmen berichtete von Nettovermögen in Höhe von 2,4 Milliarden Dollar und einem Nettovermögen pro Aktie von 14,46 Dollar. Das Verhältnis der Vermögensdeckung für nachrangige Wertpapiere, die Verschuldung darstellen, betrug 623%, während das Verhältnis für die Gesamthebelung 476% betrug.
Das Portfolio des Fonds besteht hauptsächlich aus Midstream-Energieunternehmen (94%), mit kleineren Anteile in Versorgungsunternehmen (4%) und Sonstiges (2%). Die drei größten Bestände sind Energy Transfer LP (11,3%), Enterprise Products Partners L.P. (9,8%) und The Williams Companies, Inc. (9,5%). Die Gesamtaktiva belaufen sich auf 3,47 Milliarden Dollar, die Investitionen sind mit 3,45 Milliarden Dollar bewertet.
Positive
- Strong asset coverage ratios: 623% for debt and 476% for total leverage
- Substantial total assets of $3.47 billion
- Well-diversified portfolio across major midstream energy companies
Insights
The latest financial disclosure from Kayne Anderson Energy Infrastructure Fund presents a compelling picture of financial strength and strategic positioning in the energy infrastructure sector. The fund’s $2.4 billion in net assets and $3.45 billion in investments demonstrate significant scale in the midstream energy space.
The fund’s coverage ratios are particularly noteworthy, with a 623% asset coverage ratio for debt and 476% for total leverage. These metrics substantially exceed the 1940 Act’s minimum requirements of 300% and 200% respectively, indicating conservative leverage management and significant financial flexibility. This robust coverage provides a safety buffer against market volatility and potential asset value fluctuations.
The portfolio composition reveals a focused strategy with 94% allocation to midstream energy companies. The top 10 holdings represent approximately 74% of long-term investments, featuring industry leaders with stable cash flows and critical infrastructure assets. This concentration in large-cap, established players suggests a focus on steady income generation and capital preservation.
Notable aspects of the balance sheet include:
- A relatively modest cash position of $1.8 million, indicating efficient capital deployment
- A net current tax asset of $6.4 million and deferred tax liability of $342.8 million, reflecting the tax-efficient nature of midstream investments
- Total leverage of $646.3 million, structured through a combination of credit facility, notes and preferred stock, demonstrating diverse funding sources
The fund’s positioning in essential energy infrastructure assets, combined with its strong financial metrics and conservative leverage management, suggests a well-structured investment vehicle for investors seeking exposure to energy infrastructure with managed risk levels.
HOUSTON, Feb. 03, 2025 (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 January 31, 2025.
As of January 31, 2025, the Company’s net assets were $2.4 billion, and its net asset value per share was $14.46. As of January 31, 2025, the Company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 623% and the Company’s asset coverage ratio under the 1940 Act with respect to total leverage (debt and preferred stock) was 476%.
| STATEMENT OF ASSETS AND LIABILITIES JANUARY 31, 2025 // (UNAUDITED) |
|||||||
| (in millions) | |||||||
| Investments | $ | 3,450.6 | |||||
| Cash and cash equivalents | 1.8 | ||||||
| Accrued income | 9.9 | ||||||
| Current tax asset, net | 6.4 | ||||||
| Other assets | 0.4 | ||||||
| Total assets | 3,469.1 | ||||||
| Credit facility | 87.0 | ||||||
| Notes | 409.7 | ||||||
| Unamortized notes issuance costs | (2.7 | ) | |||||
| Preferred stock | 153.6 | ||||||
| Unamortized preferred stock issuance costs | (1.3 | ) | |||||
| Total leverage | 646.3 | ||||||
| Payable for securities purchased | 18.8 | ||||||
| Other liabilities | 16.3 | ||||||
| Deferred tax liability, net | 342.8 | ||||||
| Total liabilities | 377.9 | ||||||
| Net assets | $ | 2,444.9 | |||||
The Company had 169,126,038 common shares outstanding as of January 31, 2025.
Long-term investments were comprised of Midstream Energy Companies (94%), Utility Companies (4%) and Other (2%).
The Company’s ten largest holdings by issuer at January 31, 2025 were:
| Amount (in millions)* |
% Long Term Investments |
||||||
| 1. | Energy Transfer LP (Midstream Energy Company) | $390.7 | 11.3 | % | |||
| 2. | Enterprise Products Partners L.P. (Midstream Energy Company) | 338.2 | 9.8 | % | |||
| 3. | The Williams Companies, Inc. (Midstream Energy Company) | 327.6 | 9.5 | % | |||
| 4. | MPLX LP (Midstream Energy Company) | 320.4 | 9.3 | % | |||
| 5. | Cheniere Energy, Inc. (Midstream Energy Company) | 256.3 | 7.4 | % | |||
| 6. | Targa Resources Corp. (Midstream Energy Company) | 208.8 | 6.1 | % | |||
| 7. | Kinder Morgan, Inc. (Midstream Energy Company) | 207.3 | 6.0 | % | |||
| 8. | ONEOK, Inc. (Midstream Energy Company) | 183.1 | 5.3 | % | |||
| 9. | TC Energy Corporation (Midstream Energy Company) | 155.6 | 4.5 | % | |||
| 10. | Western Midstream Partners, LP (Midstream Energy Company) | 151.2 | 4.4 | % | |||
| * | Includes ownership of common and preferred units. | ||||||
Portfolio holdings are subject to change without notice. The mention of specific securities is not a recommendation or solicitation for any person to buy, sell or hold any particular security. You can obtain a complete listing of holdings by viewing the Company’s most recent quarterly or annual report.
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.
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@kayneanderson.com.
FAQ
What is KYN’s net asset value per share as of January 31, 2025?
KYN’s net asset value per share was $14.46 as of January 31, 2025.
What is the asset allocation breakdown for KYN’s portfolio as of January 31, 2025?
KYN’s portfolio consists of 94% Midstream Energy Companies, 4% Utility Companies, and 2% Other investments.
What are KYN’s top three holdings and their percentages as of January 31, 2025?
KYN’s top three holdings are Energy Transfer LP (11.3%), Enterprise Products Partners L.P. (9.8%), and The Williams Companies, Inc. (9.5%).
What is KYN’s total asset value as of January 31, 2025?
KYN’s total assets were $3.469 billion as of January 31, 2025.
What are KYN’s asset coverage ratios under the 1940 Act as of January 31, 2025?
KYN’s asset coverage ratio for senior securities representing indebtedness was 623%, and the ratio for total leverage was 476%.
