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Kayne Anderson Energy Total Return Fund Provides Unaudited Balance Sheet Information And Announces Its Net Asset Value And Asset Coverage Ratios At February 28, 2013

Stocks in this article: KYE

Kayne Anderson Energy Total Return Fund, Inc. (the “Fund”) (NYSE: KYE) 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 February 28, 2013.

As of February 28, 2013, the Fund’s net assets were $958 million, and its net asset value per share was $26.94. As of February 28, 2013, the Fund’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 445% and the Fund’s asset coverage ratio under the 1940 Act with respect to total leverage (debt and preferred stock) was 322%.

 

Kayne Anderson Energy Total Return Fund, Inc.

Statement of Assets and Liabilities
February 28, 2013
(Unaudited)
 

(in millions)

  Per Share
Investments $ 1,384.0 $ 38.93
Cash 11.0 0.31
Deposits 0.4 0.01
Accrued income 4.7 0.13
Receivable for securities sold 14.0 0.39
Other assets   2.7   0.08
Total assets 1,416.8 39.85
 
Credit facility borrowings 39.0 1.10
Senior notes 273.0 7.68
Preferred stock   120.0   3.37
Total leverage   432.0   12.15
 
Payable for securities purchased 20.3 0.57
Other liabilities   6.8   0.19
Total liabilities 27.1 0.76
 
Net assets $ 957.7 $ 26.94
 
The Fund had 35.55 million common shares outstanding as of February 28, 2013.
 

As of February 28, 2013, equity and debt investments were 89% and 11%, respectively, of the Fund’s long-term investments of $1.4 billion. Long-term investments were comprised of MLP and MLP Affiliate (47%), U.S. and Canadian Upstream Income Trusts (9%), Marine Transportation & Other (16%), Coal (2%), Midstream & Utilities (15%) and Debt (11%).

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