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The energy sector seems to be in constant boom or bust, resulting in wildly swinging performance from year to year relative to most other sectors. That said, energy is still essential for civilization to function and that requires ways to produce and move it. Today, we are comparing several closed-end funds in the energy infrastructure space, including a few that are more heavily focused on MLPs.
The Kayne Anderson Energy Infrastructure Fund is rated a Buy due to its strong total returns, high yield, and discount to NAV. The KYN closed-end fund benefits from stable, contracted cash flows and favorable demand trends in North American energy infrastructure, especially in the midstream and natural gas sectors. The fund's merger with KMF and shift to monthly distributions further solidify its position to capitalize on energy sector tailwinds and investor interest.
HOUSTON, Jan. 02, 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 December 31, 2024.
HOUSTON, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Kayne Anderson Energy Infrastructure Fund, Inc. (the “Company”) announced today a quarterly distribution of $0.24 per share for the fiscal quarter ended August 31, 2024. This distribution, which is an increase of $0.02 per share over the prior quarter's distribution, is payable to common stockholders on October 7, 2024 (as outlined in the table below).
Sometimes as income investors we face a situation that sounds like a good problem to have: We have to pick among a group of very impressive investments!
The Kayne Anderson Energy Infrastructure Fund invests in high-yielding midstream corporations and master limited partnerships, which are becoming more attractive as interest rates decline. The fund has outperformed the S&P 500 Index, delivering a 13.49% return over five months, and offers an 8.11% yield, which beats most securities. The fund claims to invest in traditional and renewable energy, but renewable energy has been struggling a lot lately.
HOUSTON, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Kayne Anderson Energy Infrastructure Fund, Inc. (the “Company”) (NYSE: KYN) announced today that it reached an agreement with institutional investors relating to a private placement of $70 million of senior unsecured notes (“Notes”) and $30 million of mandatory redeemable preferred shares (“MRP Shares”). The private placement is expected to close on or about September 18, 2024.
HOUSTON, Aug. 01, 2024 (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 July 31, 2024.
With the market at nosebleed valuations, where can we look for value and yield?
HOUSTON, July 01, 2024 (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 June 30, 2024.