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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 January 31, 2013

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 January 31, 2013.

As of January 31, 2013, the Company’s net assets were $2.7 billion, and its net asset value per share was $30.90. As of January 31, 2013, the Company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 421% and the Company’s asset coverage ratio under the 1940 Act with respect to total leverage (debt and preferred stock) was 304%.
Kayne Anderson MLP Investment Company
Statement of Assets and Liabilities
January 31, 2013
(Unaudited)
    (in millions)   Per Share
Investments $ 4,861.2 $ 54.85
Cash 1.4 0.02
Deposits 0.3 -
Accrued income 29.2 0.33
Receivable for securities sold 17.2 0.19
Other assets   10.3   0.12
Total assets 4,919.6 55.51
 
Credit facility borrowings 78.0 0.88
Senior notes 890.0 10.04
Preferred stock   374.0   4.22
Total leverage   1,342.0   15.14
 
Payable for securities purchased 11.3 0.13
Deferred tax liability 809.2 9.13
Other liabilities   19.0   0.21
Total liabilities 839.5 9.47
 
Net assets $ 2,738.1 $ 30.90
 
The Company had 88.62 million common shares outstanding as of January 31, 2013.
 

Long-term investments were comprised of Midstream MLP (79%), General Partner MLP (6%), Shipping MLP (4%), Upstream MLP & Income Trust (3%), Midstream (5%) and Other (3%).

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