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Kayne Anderson Energy Infrastructure Fund, Inc.

Overview

Investment Objective

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.

1) Payment date 4/12/24 (ex-date 4/4/24). See Distributions section for more information.
2) Calculated by annualizing the most recent distribution amount paid divided by the closing market price. The distribution rate is subject to change and is not a quotation of fund performance.

Investment Highlights

Investment Opportunity Focused on North American Energy Infrastructure

  • Opportunity for exposure to North American energy infrastructure sector through investments in traditional midstream, natural gas & LNG infrastructure, utilities, and renewable energy
  • Energy infrastructure is the backbone of the global energy sector – access to affordable and reliable energy is critical to the global economy
  • Energy infrastructure companies have contracted/regulated and stable cash flows (offering inflation protection) and operate businesses with increasingly high barriers to entry

Exposure to Energy Transition and Energy Security

  • Opportunity to participate in durable megatrends – global decarbonization (energy transition) and energy security
  • North American energy infrastructure companies are well positioned to benefit from (and capitalize on) both trends

Attractive Fund Structure

  • Simplified tax reporting with a single Form 1099 (no K-1s)
  • No UBTI

Daily Pricing


Performance

Returns reflect the deduction of management fees and expenses but do not reflect transaction fees or broker commissions. Performance data quoted represents past performance and is no guarantee of future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold, may be worth more or less than their original cost. Current performance may be lower or higher than that shown based on market fluctuations from the end of the reported period.

Premium/Discount to NAV

Share Price and NAV History

Price/NAV History Table

Total Return (NAV plus distributions)3

Period Returns (Not Annualized)

Calendar Year Returns

3) Assumes that distributions have been reinvested at the Dividend Reinvestment Plan (DRIP) price.

Growth of Hypothetical $10,000 Investment4

4) The growth of $10,000 chart is a hypothetical illustration based upon the performance of the fund’s common shares since inception. Ending values as of the dates shown in the chart. Assumes reinvestment of distributions at the DRIP price, the deduction of management fees, operating expenses, and all other fund expenses but does not reflect transaction fees or broker commissions. Current performance may be lower or higher than the performance data quoted. This chart is not intended to imply any future performance of the fund.


Portfolio

Portfolio (%)

Top 10 Holdings

Note: Includes ownership of equity and debt investments.

 

Reflected as a percentage of long-term investments. Portfolio holdings and/or sector allocations are subject to change at any time, without notice, and are not recommendations to buy or sell any security. You can obtain a complete listing of holdings by viewing our quarterly or annual report for the most recently completed period.


Distributions

Annual Distributions per Calendar Year

* Based on year-to-date distributions paid or declared.

The amount of distributions is not guaranteed and may vary depending on a number of factors, including changes in portfolio holdings and market conditions.

KYN Distribution History

KMF Distribution History

KYE Distribution History

KED Distribution History

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. 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. Common stockholders will receive a Form 1099-DIV from us, sample forms for each year can be found within the Tax Information section of this page.

The table below summarizes the tax character of our distributions for the past ten years.

Information on Tax Character of Distributions


5) This estimate is based on the fund’s anticipated earnings and profits. The final determination of the tax character of distributions will not be determinable until after the end of the fiscal year and may differ substantially from this preliminary information.


Leverage

KYN uses leverage in the form of unsecured notes, preferred stock, and revolving bank facilities to acquire portfolio investments consistent with its investment objective and strategies. We currently utilize leverage in an amount that represents approximately 20% to 25% of the fund’s total assets, but the amount of leverage we utilize can vary based on market conditions.

Leverage Summary



Resources

  • Other Material Documents
  • Dividend Reinvestment Plan
  • Expense Ratios

Credit Facility

Term Loan Facility

Senior Notes

Mandatory Redeemable Preferred Shares (MRPS)

Dividend Reinvestment Plan


SEC Filings

  • Quarterly and Annual Reports
  • Prospectuses
  • Proxy Statements

SEC Filings (View All)

KYN SEC Filings (visit SEC website)

KMF SEC Filings (visit SEC website)

KYE SEC Filings (visit SEC website)

KED SEC Filings (visit SEC website)


Tax Information

  • Sample Forms 1099-DIV (Common)
  • Form 8937
  • Sample Forms 1099-DIV (Preferred)

Governance

Independent Directors

Interested Directors

  • Jim Baker, Chairman of the Board of Directors, President, and Chief Executive Officer

*Role as the KYN and KMF lead independent director effective April 2, 2020.


Performance data quoted represent past performance as of the stated date herein. Past performance is not a guarantee of future results. Current performance may be lower or higher than that shown based on market fluctuations from the end of the reported period. Closed-end funds, unlike open-end funds, are not continuously offered. After the initial public offering, shares are sold on the open market through a stock exchange. As with any other stock, total return and market value will fluctuate so that an investment, when sold, may be worth more or less than its original cost. Shares of closed-end funds frequently trade at a market price that is below their net asset value.

All investments involve risk, including possible loss of principal. An investment in the fund could suffer loss. The fund’s concentration of investments in the energy and infrastructure industries subjects it to greater risk and volatility than a diversified fund. Risks include, but are not limited to, those associated with energy infrastructure companies, midstream companies, renewable infrastructure companies, including the risks of declines in energy and commodity prices, decreases in energy demand, adverse weather conditions, natural or other disasters, changes in government regulation,  and changes in tax laws. Leverage creates risks that may adversely affect return, including the likelihood of greater volatility of net asset value and market price of common shares and fluctuations in dividend rates on any preferred shares, and increases a shareholder’s risk of loss. Before investing in the fund, you should consider the investment objective, risks, charges, and expenses of the fund, which, together with other important information, are included in the fund’s most recent prospectus and other filings with the SEC available here or at www.sec.gov. There can be no assurance that the fund’s investment objective will be attained.

This site is provided for informational purposes only and does 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 on this site constitutes tax, legal or investment advice. Investors must consult their tax advisor or legal counsel for advice and information concerning their particular situation.

NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

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