Kayne Anderson Midstream/Energy Fund, Inc. (the “Fund”) (NYSE: KMF) 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 Fund’s net assets were $635 million and its net asset value per share was $29.01. As of November 30, 2012, the Fund’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 429% and the Fund’s asset coverage ratio under the 1940 Act with respect to total leverage (debt and preferred stock) was 328%.
Kayne Anderson Midstream/Energy Fund, Inc.
|Statement of Assets and Liabilities|
|November 30, 2012|
|Receivable for securities sold||3.3||0.15|
|Credit facility borrowings||48.0||2.19|
|Payable for securities purchased||0.4||0.02|
|The Fund had 21.90 million common shares outstanding as of November 30, 2012.|
As of November 30, 2012, equity and debt investments were 85% and 15%, respectively, of the Fund’s long-term investments of $907 million. Long-term investments were comprised of Midstream Companies (42%), MLP and MLP Affiliate (36%), Other Energy (6%), Other (1%) and Debt (15%).