Kayne Anderson MLP Investment Company Provides Unaudited Balance Sheet Information and Announces its Net Asset Value and Asset Coverage Ratios at July 31, 2014
Kayne Anderson MLP Investment Company (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, 2014.
As of July 31, 2014, the Company’s net assets were $4.1 billion, and its net asset value per share was $37.61. As of July 31, 2014, the Company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 392% and the Company’s asset coverage ratio under the 1940 Act with respect to total leverage (debt and preferred stock) was 298%.
Kayne Anderson MLP Investment Company |
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Statement of Assets and Liabilities | ||||||
July 31, 2014 | ||||||
(Unaudited) | ||||||
(in millions) | Per Share | |||||
Investments | $ | 7,552.7 | $ | 69.10 | ||
Cash | 3.0 | 0.03 | ||||
Deposits | 0.2 | - | ||||
Accrued income | 52.8 | 0.48 | ||||
Receivable for securities sold | 2.1 | 0.02 | ||||
Other assets | 16.2 | 0.15 | ||||
Total assets | 7,627.0 | 69.78 | ||||
Credit facility / Term loan | 282.0 | 2.58 | ||||
Senior notes | 1,295.0 | 11.85 | ||||
Preferred stock | 499.0 | 4.57 | ||||
Total leverage | 2,076.0 | 19.00 | ||||
Payable for securities purchased | 12.3 | 0.11 | ||||
Other liabilities | 26.3 | 0.24 | ||||
Deferred income tax liability | 1,401.7 | 12.82 | ||||
Total liabilities | 1,440.3 | 13.17 | ||||
Net assets | $ | 4,110.7 | $ | 37.61 | ||
The Fund had 109,297,777 common shares outstanding as of July 31, 2014. |
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Long-term investments were comprised of Midstream MLP (83%), Midstream Company (5%), Shipping MLP (3%), Upstream MLP & Income Trust (2%), General Partner MLP (3%) and Other (4%).