Operating expenses totaled $2.4 million, including $1.4 million of investment management fees; $0.5 million of interest expense and $0.5 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 income totaled $1.9 million and included a current income tax expense of $0.6 million and a deferred income tax expense of $0.4 million.
Kayne Anderson Energy Development Company Announces Results For The Quarter Ended May 31, 2011
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