Kayne Anderson Announces Tax Characterization of 2023 Distributions
19 Gennaio 2024 - 10:20PM
KA Fund Advisors, LLC (“Kayne Anderson”) announced today the tax
characterization of 2023 distributions to stockholders of Kayne
Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) and Kayne
Anderson NextGen Energy & Infrastructure, Inc., (formerly
listed on the NYSE under ticker “KMF”).
|
KYN Common Shares |
KMF Common Shares |
Ordinary dividends |
- |
72% |
Qualified dividends |
100% |
28% |
Capital gains distributions |
- |
- |
Non-dividend distributions (return of capital) |
- |
- |
|
100% |
100% |
Additional information regarding the tax
characterization of KYN’s and KMF’s 2023 distributions is available
at www.kaynefunds.com.
This information is provided for general
informational purposes only. It does not constitute, and should not
be construed as, tax, legal, investment, or other professional
advice and cannot be used or relied upon for the purpose of
avoiding tax penalties. Investors should consult their tax adviser
or legal counsel for advice and information concerning their
particular situation.
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.
As previously announced, on November 13, 2023,
KMF was merged with and into KYN. As a result of the merger, KMF
ceased its separate existence under Maryland law.
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@kaynecapital.com.
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