Operating expenses totaled $2.1 million, including $1.3 million of investment management fees; $0.4 million of interest expense and $0.4 million of other operating expenses. Interest expense included $0.1 million of amortization of debt issuance costs. Investment management fees were equal to an annual rate of 1.75% of average total assets.The Company’s net investment loss totaled $0.3 million and included a deferred income tax benefit of $0.1 million.
Kayne Anderson Energy Development Company Announces Results For The Quarter Ended February 28, 2011
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