Kayne Anderson Fund Advisors

KED - Energy Development Company

KED - Distribution History

Quarterly Distributions per Share

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Tax Character of Distributions

Our distributions are treated as a taxable dividend (qualified dividends) to our common stockholders to the extent of our current and accumulated earnings and profits. If the distribution exceeds our current or accumulated earnings and profits, the distribution will be treated as a return of capital to our common stockholders to the extent of each stockholder’s basis in our common stock, and then the amount of a distribution in excess of such stockholder’s basis would be taxed as capital gain. Common stockholders will receive a Form 1099 from us and will recognize dividend income only to the extent of our current and accumulated earnings and profits. Because the cash distributions received from the MLPs in our portfolio are expected to exceed the earnings and profits associated with owning such MLPs, a portion of our distributions may be paid from sources other than our current and accumulated earnings and profits.

The table below summarizes the tax character of our distributions since inception.

Sample Form 1099-DIV for each year can be found at Tax Information.

Tax Character

Distribution
Amount
Payable
Date

Distribution
Rate1

Ex-Date
Record
Date
DRIP
Price
Ordinary
Income
Qualified
Dividends
Capital
Gains
Return of Capital
$0.40 07/14/17   8.98% 07/06/17 07/10/17 $16.82
TBD
        TBD
TBD
TBD
$0.40 04/21/17   8.48% 04/11/17 04/13/17 $17.96
TBD
        TBD
TBD
TBD
$0.48 01/13/17   9.92% 01/04/17 01/06/17 $18.23
-
        10%
-
90%
$0.48 10/14/16 10.28% 10/05/16 10/07/16 $17.50
-
        10%
-
90%
$0.48 07/15/16 10.42% 07/06/16 07/08/16 $17.66
-
        10%
-
90%
$0.48 04/22/16 11.10% 04/13/16 04/15/16 $16.53
-
        10%
-
90%
$0.48 01/15/16 14.55% 01/06/16 01/08/16 $13.00
-
        10%
-
90%
$0.53 10/23/15   9.45% 10/14/15 10/16/15 $21.21
-
      100%
-
-
$0.53 07/17/15   8.80% 07/08/15 07/10/15 $23.70
-
      100%
-
-
$0.53 04/24/15   6.98% 04/15/15 04/17/15 $29.28
-
100%
-
-
$0.525 01/30/15   6.66% 01/22/15 01/26/15 $30.34
-
100%
-
-
$0.52 10/24/14   5.84% 10/15/14 10/17/14 $33.63
-
100%
-
-
$0.515 07/18/14   5.92% 07/09/14 07/11/14 $32.74
-
100%
-
-
$0.51 04/25/14   6.17% 04/15/14 04/17/14 $31.35
-
100%
-
-
$0.50 01/31/14   7.10% 01/23/14 01/27/14 $26.34
-
100%
       -
-
$0.455 10/18/13   6.16% 10/09/13 10/11/13 $27.99
-
100%
-
-
$0.44 07/19/13   6.78% 07/10/13 07/12/13 $24.46
-
100%
-
-
$0.435 04/26/13   6.73% 04/17/13 04/19/13 $24.52
-
100%
-
-
$0.43 02/01/13   6.19% 01/24/13 01/28/13 $25.90
-
100%
-
-
$0.43 10/26/12   6.27% 10/15/12 10/17/12 $25.99
-
100%
-
-
$0.41 07/20/12   6.89% 07/11/12 07/13/12 $22.64
-
100%
-
-
$0.39 04/26/12   6.21% 04/18/12 04/20/12 $23.54
-
100%
-
-
$0.39 02/03/12   6.83% 01/26/12 01/30/12 $21.82
-
100%
-
-
$0.38 10/28/11   7.28% 10/17/11 10/19/11 $19.79
-
100%
-
-
$0.38 07/22/11   7.21% 07/11/11 07/13/11 $19.26
-
100%
-
-
$0.31 04/28/11   6.31% 04/13/11 04/15/11 $18.61
-
100%
-
-
$0.30 02/04/11   6.59% 01/27/11 01/31/11 $17.29
-
100%
-
-
$0.30 10/28/10   7.24% 10/13/10 10/15/10 $15.75
-
42%
-
58%
$0.30 07/29/10   7.99% 07/14/10 07/16/10 $14.40
-
42%
-
58%
$0.30 04/29/10   7.36% 04/14/10 04/16/10 $15.21
-
42%
-
58%
$0.30 01/28/10   8.20% 01/13/10 01/15/10 $14.38
-
42%
-
58%
$0.30 10/29/09   9.29% 10/14/09 10/16/09 $12.07
-
-
-
100%
$0.30 07/30/09   8.74% 07/15/09 07/17/09 $13.02
-
-
-
100%
$0.35 04/30/09 12.83% 04/15/09 04/17/09 $11.77
-
-
-
100%
$0.35 01/29/09 11.09% 01/14/09 01/16/09 $12.16
-
-
-
100%
$0.42 10/30/08 11.79% 10/15/08 10/17/08 $14.68
-
-
-
100%
$0.42 07/31/08   7.47% 07/16/08 07/18/08 $22.33
-
-
-
100%
$0.415 05/01/08   7.34% 04/16/08 04/18/08 $22.77
-
-
-
100%
$0.41 01/17/08   7.01% 12/27/07 12/31/07 $22.48
 74%
-
10%
16%
$0.405 10/26/07   6.43% 10/17/07 10/19/07 $24.13
 74%
-
10%
16%
$0.40 07/26/07   5.94% 07/18/07 07/20/07 $26.34
 74%
-
10%
16%
$0.32 04/26/07   4.72% 04/16/07 04/18/07 $25.94
 74%
-
10%
16%
$0.222 01/12/07   4.71% 12/27/06 12/29/06 $24.01
100%
-
-
-
                   

1) The Distribution Rate is calculated as four times the Distribution Amount divided by the closing price on the Payable Date.
2) Represents a partial payment for 71 days of operations. The full payment would have been $0.28 per share.
3) As of February 29, 2016, this estimate is based on our estimated earnings and profits for fiscal 2016. The final determination of the tax character of our distributions will be made after our fiscal year-end when we can determine our actual earnings and profits for the full year. The final tax status of our distributions is dependent on our earnings and profits (including gains and losses on the sale of securities) for the remainder of our fiscal year and may differ substantially from this preliminary information.

 

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