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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 November 30, 2012

Stocks in this article: KYN

Kayne Anderson MLP Investment Company (the “Company”) (NYSE: KYN) today provided a summary unaudited statement of assets and liabilities and announced its net asset value and asset coverage ratios under the Investment Company Act of 1940 (the “1940 Act”) as of November 30, 2012.

As of November 30, 2012, the Company’s net assets were $2.5 billion, and its net asset value per share was $28.51. As of November 30, 2012, the Company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 418% 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
Statement of Assets and Liabilities
November 30, 2012
(Unaudited)
 
(in millions)

Per Share 

Investments $ 4,473.9 $ 50.59
Cash 6.1 0.07
Deposits 0.2 -
Accrued income 0.1 -
Receivable for securities sold 6.7 0.08
Other assets   10.8   0.12
Total assets 4,497.8 50.86
 
Credit facility borrowings 19.0 0.22
Senior notes 890.0 10.06
Preferred stock   374.0   4.23
Total leverage   1,283.0   14.51
 
Payable for securities purchased 4.6 0.05
Deferred tax liability 654.5 7.40
Other liabilities   34.9   0.39
Total liabilities 694.0 7.84
 
Net assets $ 2,520.8 $ 28.51
 
The Company had 88.43 million common shares outstanding as of November 30, 2012.
 

Long-term investments were comprised of Midstream MLP (70%), MLP Affiliate (8%), General Partner MLP (7%), Shipping MLP (4%), Upstream MLP & Income Trust (3%), Coal & Other MLP (3%) and Other (5%).

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