The Company had net realized gains from its investments of $7.6 million, net of $4.4 million of deferred income tax expense.The Company had net unrealized gains of $47.4 million. The net unrealized gain consisted of $74.8 million of unrealized gains from investments and a deferred income tax expense of $27.4 million. The majority of these gains are attributable to the Company’s investment in International Resource Partners LP (“IRP”) and its investments in public MLPs. During the fiscal year, the Company’s valuation for IRP appreciated by $53.3 million (a 154% increase) based on continued strong performance and increases in valuations for comparable coal companies.
Kayne Anderson Energy Development Company Announces Results For The Fiscal Year Ended November 30, 2010
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