Kayne Anderson Energy Infrastructure Fund reports $2.5 billion in net assets

In the United States, Kayne Anderson Energy Infrastructure Fund, Inc. disclosed its unaudited balance sheet information as of November 30, 2024, in a press release dated December 3, 2024. The report revealed that the company had net assets amounting to $2.5 billion, which translates to a net asset value per share of $15.03. The asset coverage ratio concerning senior securities representing indebtedness was highlighted at an impressive 664%, and the asset coverage ratio for total leverage, which includes both debt and preferred stock, stood at 503%. The statement of assets and liabilities indicated a total asset value of approximately $3.55 billion, with major components including investments of $3.53 billion and slight cash reserves. Conversely, the report detailed total liabilities of about $383 million, comprising debts, unamortized issuance costs, and deferred tax liabilities. Consequently, the fund's management emphasized its financial stability, noting that the total leverage was $627.2 million, primarily driven by its investments in various energy infrastructure companies. Investors might take particular interest in the fund’s allocation strategy, which focuses on investing 80% of its assets in securities from Energy Infrastructure Companies. At the end of November, notable holdings included companies such as Energy Transfer LP and Enterprise Products Partners, each significantly contributing to the fund's overall value. This investment strategy aligns with the broader trend in the energy sector, seeking to capitalize on the growth and stability associated with energy infrastructure. The insights shared in this publication come amidst a backdrop of fluctuating market conditions and regulatory changes affecting the energy sector. Kayne Anderson aims to navigate these complex landscapes while providing substantial returns to its investors. However, potential market volatility and economic conditions present risks to investment outcomes, which the management is closely monitoring.