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Kayne Anderson MLP Investment Company Provides Unaudited Balance Sheet Information And Announces Its Net Asset Value And Asset Coverage Ratios At October 31, 2011

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
Balance Sheet
October 31, 2011
  (in millions)   Per Share
Investments $ 3,491.7 $ 46.48
Cash 47.5 0.63
Deposits 0.1


Accrued income 16.4 0.22
Receivable for securities sold 14.2 0.19
Other assets 9.9 0.13
Total assets 3,579.8 47.65
Senior notes 775.0 10.32
Preferred stock 260.0 3.46
Total leverage 1,035.0 13.78
Payable for securities purchased 12.2 0.16
Deferred tax liability 484.0 6.44
Other liabilities 22.9 0.31
Total liabilities 519.1 6.91
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%).

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