Kayne Anderson MLP Investment Company (the “Company”) (NYSE: KYN) today provided a summary unaudited balance sheet and announced its net asset value and asset coverage ratios under the Investment Company Act of 1940 (the “1940 Act”) as of October 31, 2011.
As of October 31, 2011, the Company’s net assets were $2.0 billion, and its net asset value per share was $26.96. As of October 31, 2011, the Company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 395% and the Company’s asset coverage ratio under the 1940 Act with respect to total leverage (debt and preferred stock) was 296%.
|Kayne Anderson MLP Investment Company|
|October 31, 2011|
|(in millions)||Per Share|
|Investments||$ 3,491.7||$ 46.48|
|Receivable for securities sold||14.2||0.19|
|Payable for securities purchased||12.2||0.16|
|Deferred tax liability||484.0||6.44|
|Net assets||$ 2,025.7||$ 26.96|
|The Company had 75.13 million common shares outstanding as of October 31, 2011.|
Long-term investments were comprised of Midstream MLPs (68%), MLP Affiliates (9%), General Partner MLPs (8%), Shipping MLPs (5%), Propane MLPs (3%), Upstream MLPs & Income Trust (2%) and Coal MLPs & Other (5%).