HOUSTON, Nov. 01, 2024 (GLOBE NEWSWIRE) — Kayne Anderson Vitality Infrastructure Fund, Inc. (the Firm) (NYSE: KYN) at the moment offered a abstract unaudited assertion of belongings and liabilities and introduced its web asset worth and asset protection ratios underneath the Funding Firm Act of 1940 (the 1940 Act) as of October 31, 2024.
As of October 31, 2024, the Firm’s web belongings have been $2.2 billion, and its web asset worth per share was $12.97. As of October 31, 2024, the Firm’s asset protection ratio underneath the 1940 Act with respect to senior securities representing indebtedness was 675% and the Firm’s asset protection ratio underneath the 1940 Act with respect to complete leverage (debt and most well-liked inventory) was 483%.
| STATEMENT OF ASSETS AND LIABILITIES OCTOBER 31, 2024 // (UNAUDITED) |
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| (in thousands and thousands) | ||||
| Investments | $ | 3,002.2 | ||
| Money and money equivalents | 35.7 | |||
| Accrued revenue | 11.2 | |||
| Present tax asset, web | 6.6 | |||
| Different belongings | 0.5 | |||
| Whole belongings | 3,056.2 | |||
| Notes | 409.7 | |||
| Unamortized notes issuance prices | (2.8 | ) | ||
| Most popular inventory | 163.1 | |||
| Unamortized most well-liked inventory issuance prices | (1.3 | ) | ||
| Whole leverage | 568.7 | |||
| Payable for securities bought | 5.1 | |||
| Different liabilities | 13.3 | |||
| Deferred tax legal responsibility, web | 275.1 | |||
| Whole liabilities | 293.5 | |||
| Web belongings | $ | 2,194.0 | ||
The Firm had 169,126,038 widespread shares excellent as of October 31, 2024.
Lengthy-term investments have been comprised of Midstream Vitality Firms (96%), Utility Firms (3%) and Different Vitality (1%).
The Firm’s ten largest holdings by issuer at October 31, 2024 have been:
| Quantity (in thousands and thousands) |
% Lengthy Time period Investments |
||||||
| 1. | The Williams Firms (NYSE:), Inc. (Midstream Vitality Firm) | $ 309.5 | 10.3 | % | |||
| 2. | Vitality Switch (NYSE:) LP (Midstream Vitality Firm) | 281.1 | 9.4 | % | |||
| 3. | MPLX (NYSE:) LP (Midstream Vitality Firm) | 273.6 | 9.1 | % | |||
| 4. | Enterprise Merchandise Companions (NYSE:) L.P. (Midstream Vitality Firm) | 258.3 | 8.6 | % | |||
| 5. | ONEOK (NYSE:), Inc. (Midstream Vitality Firm) | 226.8 | 7.6 | % | |||
| 6. | Targa Assets (NYSE:) Corp. (Midstream Vitality Firm) | 220.0 | 7.3 | % | |||
| 7. | Cheniere Vitality (NYSE:), Inc. (Midstream Vitality Firm) | 194.5 | 6.5 | % | |||
| 8. | Kinder Morgan (NYSE:), Inc. (Midstream Vitality Firm) | 184.9 | 6.2 | % | |||
| 9. | Western Midstream Companions (NYSE:), LP (Midstream Vitality Firm) | 138.6 | 4.6 | % | |||
| 10. | Pembina Pipeline (NYSE:) Company (Midstream Vitality Firm) | 132.3 | 4.4 | % | |||
| Contains possession of widespread and most well-liked models. |
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Portfolio holdings are topic to alter with out discover. The point out of particular securities is just not a advice or solicitation for any individual to purchase, promote or maintain any specific safety. You possibly can receive an entire itemizing of holdings by viewing the Firm’s most up-to-date quarterly or annual report.
Kayne Anderson Vitality Infrastructure Fund, Inc. (NYSE: KYN) is a non-diversified, closed-end administration funding firm registered underneath the Funding Firm Act of 1940, as amended, whose widespread inventory is traded on the NYSE. The corporate’s funding goal is to supply a excessive after-tax complete return with an emphasis on making money distributions to stockholders. KYN intends to realize this goal by investing no less than 80% of its complete belongings in securities of Vitality Infrastructure Firms. See Glossary of Key Phrases within the Firm’s most up-to-date quarterly report for an outline of those funding classes and the that means of capitalized phrases.
This press launch shall not represent a suggestion to promote or a solicitation to purchase, nor shall there be any sale of any securities in any jurisdiction through which such supply or sale is just not permitted. Nothing contained on this press launch is meant to advocate any funding coverage or funding technique or take into account any investor’s particular targets or circumstances. Earlier than investing, please seek the advice of together with your funding, tax, or authorized adviser concerning your particular person circumstances.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This communication comprises statements reflecting assumptions, expectations, projections, intentions, or beliefs about future occasions. These and different statements not relating strictly to historic or present info represent forward-looking statements as outlined underneath the U.S. federal securities legal guidelines. Ahead-looking statements contain quite a lot of dangers and uncertainties. These dangers embody however usually are not restricted to adjustments in financial and political situations; regulatory and authorized adjustments; vitality trade threat; leverage threat; valuation threat; rate of interest threat; tax threat; and different dangers mentioned intimately within the Firm’s filings with the SEC, obtainable at www.kaynefunds.com or www.sec.gov. Precise occasions may differ materially from these statements or our current expectations or projections. You shouldn’t place undue reliance on these forward-looking statements, which converse solely as of the date they’re made. Kayne Anderson undertakes no obligation to publicly replace or revise any forward-looking statements made herein. There isn’t any assurance that the Firm’s funding targets can be attained.
Contact investor relations at 877-657-3863 or [email protected].
Supply: KA Fund Advisors, LLC
