This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Kayne Anderson Energy Total Return Fund Provides Unaudited Balance Sheet Information And Announces Its Net Asset Value And Asset Coverage Ratios At November 30, 2011

Kayne Anderson Energy Total Return Fund, Inc. (the “Fund”) (NYSE: KYE) 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 November 30, 2011.

As of November 30, 2011, the Fund’s net assets were $884 million, and its net asset value per share was $25.25. As of November 30, 2011, the Fund’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 434% and the Fund’s asset coverage ratio under the 1940 Act with respect to total leverage (debt and preferred stock) was 310%.

 
Kayne Anderson Energy Total Return Fund, Inc.
Balance Sheet
November 30, 2011
(Unaudited)
  (in millions)   Per Share
Investments $ 1,278.1 $ 36.51
Cash 30.2 0.86
Deposits 0.2 0.01
Accrued income 4.6 0.13
Receivable for securities sold 4.8 0.14
Other assets   3.9   0.11
Total assets 1,321.8 37.76
 
Senior notes 301.0 8.60
Preferred stock   120.0   3.43
Total leverage   421.0   12.03
 
Payable for securities purchased 8.4 0.24
Other liabilities   8.4   0.24
Total liabilities 16.8 0.48
 
Net assets $ 884.0 $ 25.25
 
The Fund had 35.0 million common shares outstanding as of November 30, 2011.
 

As of November 30, 2011, equity and debt investments were 87% and 13%, respectively, of the Fund’s long-term investments of $1.3 billion. Long-term investments were comprised of MLPs and MLP Affiliates (46%), U.S. and Canadian Income Trusts (12%), Marine Transportation (16%), Coal (4%), Midstream & Other (9%) and Debt (13%).

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs