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Kayne Anderson MLP Investment Company Prices Public Offering Of Series E Mandatory Redeemable Preferred Shares

Kayne Anderson MLP Investment Company (the “Company”) (NYSE: KYN) announced the pricing of a public offering of preferred stock. The Company agreed to sell 4,800,000 shares of Series E Mandatory Redeemable Preferred Shares (“Series E MRP Shares”) at a price of $25.00 per share. The Series E MRP Shares pay cash dividends at a rate of 4.25% per annum and have a mandatory redemption date of April 1, 2019. The Company will use the net proceeds from the offering of approximately $117 million to make investments in portfolio companies in accordance with its investment objective and policies, to repay indebtedness, to purchase up to $10 million of its Series A Mandatory Redeemable Preferred Shares and for general corporate purposes. The offering is scheduled to close on March 21, 2012.

Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets Inc. and Wells Fargo Securities, LLC are joint book-running managers. A copy of the prospectus supplement and base prospectus relating to the offering may be obtained from the following addresses:
      Merrill Lynch, Pierce, Fenner & Smith Incorporated       Citigroup Global Markets Inc.
Attn: Prospectus Department Attn: Prospectus Department
4 World Financial Center Brooklyn Army Terminal
New York, NY 10080 140 58th Street, 8th Floor

Email: dg.prospectus_requests@baml.com
Brooklyn, NY 11220
Telephone: 800-831-9146

Email: batprospectusdept@citi.com
 
Wells Fargo Securities, LLC
Attn: Capital Markets Client Support
1525 West W. T. Harris Blvd., NC0675
Charlotte, NC 28262
Telephone: 800-326-5897

Email: cmclientsupport@wellsfargo.com

The offering is made pursuant to an existing effective shelf registration statement on Form N-2 previously filed with the Securities and Exchange Commission. The offering of these securities will be made only by means of a prospectus.

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