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Kayne Anderson MLP Investment Company Prices Public Offering Of Series F Mandatory Redeemable Preferred Shares

Kayne Anderson MLP Investment Company (the “Company”) (NYSE: KYN) announced the pricing of a public offering of preferred stock. The Company agreed to sell 4,400,000 shares of Series F Mandatory Redeemable Preferred Shares (“Series F MRP Shares”) at a price of $25.00 per share (exclusive of 600,000 additional shares that the underwriters may purchase pursuant to a 15-day option to cover over-allotments, if any). The Series F MRP Shares pay cash dividends at a rate of 3.50% per annum and have a mandatory redemption date of April 15, 2020. The Company intends to use the net proceeds from the offering of approximately $108 million to redeem its Series D Mandatory Redeemable Preferred Shares, to make investments in portfolio companies in accordance with its investment objective and policies, to repay indebtedness, and for general corporate purposes. The offering is scheduled to close on April 3, 2013.

Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup and UBS Investment Bank are joint book-running managers. A copy of the prospectus supplement and base prospectus relating to the offering may be obtained from the following addresses:

         

Merrill Lynch, Pierce, Fenner & Smith Incorporated

Attn: Prospectus Department

222 Broadway, 11 th Floor

New York, NY 10038

Email: dg.prospectus_requests@baml.com

               

Citigroup

c/o Broadridge Financial Solutions

1155 Long Island Avenue

Edgewood, NY 11717

Telephone: 800-831-9146

Email: batprospectusdept@citi.com

UBS Investment Bank

Attn: Prospectus Department

299 Park Avenue

New York, NY 10171

Telephone: 888-827-7275

Investors may also obtain these documents free of charge from the Company’s website at www.kaynefunds.com/kyn/sec-filings/ or the Securities and Exchange Commission’s (“SEC”) website at www.sec.gov.

An investor should read the Company’s preliminary prospectus supplement and the base prospectus carefully before investing. The preliminary prospectus supplement and the base prospectus contain important information about the Company and its investment objective and policies, risks, charges and expenses.

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