Kayne Anderson Energy Infrastructure Fund announces significant net asset value update

In Houston, on December 3, 2024, Kayne Anderson Energy Infrastructure Fund, Inc. provided an update regarding its financial status, presenting a summary unaudited balance sheet as of November 30, 2024. The company, which operates as a non-diversified, closed-end management investment entity, disclosed that its total assets amounted to $3,551.8 million. The liabilities were reported at $383.1 million, leading to a net asset value of $2,541.5 million. Notably, the company reported an asset coverage ratio of 664% concerning senior securities representing indebtedness and a ratio of 503% regarding total leverage, demonstrating strong financial health. The report highlighted that a substantial majority of their long-term investments were allocated to midstream energy companies, which comprised 95% of their investment portfolio. In total, 169,126,038 common shares were outstanding as of the reporting date. The fund also shared insights into its ten largest holdings, all of which were focused on midstream energy operations, with Energy Transfer LP being the top holding at 10.4%. The other notable investments included Enterprise Products Partners L.P. and The Williams Companies, both significant players in the midstream energy sector. The company indicated that its investment strategy aims to maintain at least 80% of total assets in securities related to Energy Infrastructure Companies, which is pivotal given the current economic climate and energy demand landscape in the U.S. As a new financial period begins, investors will likely keep a close eye on the fluid dynamics of the energy market and how the fund will navigate potential challenges ahead. This update emphasizes the ongoing commitment of Kayne Anderson Energy Infrastructure Fund to transparency regarding its financial position and investment approach amidst a rapidly changing energy sector.