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 January 31, 2013.
As of January 31, 2013, the Fund’s net assets were $692 million and its net asset value per share was $31.54. As of January 31, 2013, the Fund’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 509% and the Fund’s asset coverage ratio under the 1940 Act with respect to total leverage (debt and preferred stock) was 377%.
Kayne Anderson Midstream/Energy Fund, Inc.
|Statement of Assets and Liabilities|
|January 31, 2013|
|(in millions)||Per Share|
|Receivable for securities sold||0.4||0.02|
|Credit facility borrowings||20.0||0.91|
|Payable for securities purchased||14.0||0.64|
|The Fund had 21.94 million common shares outstanding as of January 31, 2013.|
As of January 31, 2013, equity and debt investments were 87% and 13%, respectively, of the Fund’s long-term investments of $953 million. Long-term investments were comprised of Midstream Companies (41%), MLP and MLP Affiliate (38%), Other Energy (7%), Other (1%) and Debt (13%).