Kayne Anderson Midstream/Energy Fund Provides Unaudited Balance Sheet Information And Announces Its Net Asset Value And Asset Coverage Ratios At November 30, 2012
The Fund’s ten largest holdings by issuer at November 30, 2012 were:
| Units (in thousands) | Amounts ($ millions) | Percent ofLong-Term Investments | |||||||||||
| 1. | The Williams Companies, Inc. (Midstream Company) | 2,423 | $79.6 | 8.8% | |||||||||
| 2. | Kinder Morgan Management, LLC (MLP Affiliate) | 1,008 | 76.5 | 8.4% | |||||||||
| 3. | ONEOK, Inc. (Midstream Company) | 1,478 | 66.3 | 7.3% | |||||||||
| 4. | Kinder Morgan, Inc. (Midstream Company) | 1,913 | 64.7 | 7.1% | |||||||||
| 5. | Enbridge Energy Management, L.L.C. (MLP Affiliate) | 1,129 | 33.3 | 3.7% | |||||||||
| 6. | Golar LNG Partners LP (Midstream Company) | 912 | 27.3 | 3.0% | |||||||||
| 7. | Buckeye Partners, L.P. (Midstream MLP) | 557 | 27.2 | 3.0% | |||||||||
| 8. | Targa Resources Corp. (Midstream Company) | 513 | 25.7 | 2.8% | |||||||||
| 9. | Spectra Energy Corp. (Midstream Company) | 817 | 22.8 | 2.5% | |||||||||
| 10. | Plains All American Pipeline, L.P. (Midstream MLP) | 459 | 21.4 | 2.4% | |||||||||
The Fund is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940 whose common stock is traded on the NYSE. The Fund’s investment objective is to provide a high level of total return with an emphasis on making quarterly cash distributions to its stockholders by investing at least 80% of its total assets in securities of companies in the Midstream/Energy Sector, consisting of: (a) Midstream Master Limited Partnerships (“MLPs”), (b) Midstream Companies, (c) Other MLPs and (d) Other Energy Companies. The Fund anticipates that the majority of its investments will consist of investments in Midstream MLPs and Midstream Companies. See Glossary of Key Terms on page ii of the Prospectus for definitions of certain key terms.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press
release contains "forward-looking statements" as defined under the U.S.
federal securities laws. Generally, the words "believe," "expect,"
"intend," "estimate," "anticipate," "project," "will" and similar
expressions identify forward-looking statements, which generally are not
historical in nature. Forward-looking statements are subject to certain
risks and uncertainties that could cause actual results to differ from
the Fund’s historical experience and its present expectations or
projections indicated in any forward-looking statements. These risks
include, but are not limited to, changes in economic and political
conditions; regulatory and legal changes; MLP industry risk; leverage
risk; valuation risk; interest rate risk; tax risk; and other risks
discussed in the Fund’s filings with the SEC. You should not place undue
reliance on forward-looking statements, which speak only as of the date
they are made. The Fund undertakes no obligation to publicly update or
revise any forward-looking statements made herein. There is no assurance
that the Fund’s investment objective will be attained.
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