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Kayne Anderson Midstream/Energy Fund Provides Unaudited Balance Sheet Information And Announces Its Net Asset Value And Asset Coverage Ratios At June 30, 2013

Stocks in this article: KMF

The Fund’s ten largest holdings by issuer at June 30, 2013 were:

              Units

(in thousands)

      Amounts

($ millions)

   

Percent of

Long-Term

Investments

1. Kinder Morgan Management, LLC (MLP Affiliate) 960   $80.2   7.6%
2. The Williams Companies, Inc. (Midstream Company) 2,384 77.4 7.3%
3. Kinder Morgan, Inc. (Midstream Company) 1,894 72.3 6.8%
4. ONEOK, Inc. (Midstream Company) 1,629 67.3 6.4%
5. Enbridge Energy Management, L.L.C. (MLP Affiliate) 2,140 64.8 6.1%
6. Golar LNG Partners LP (Midstream Company) 1,073 36.6 3.5%
7. Buckeye Partners, L.P. (Midstream MLP) 475 32.9 3.1%
8. Spectra Energy Corp. (Midstream Company) 898 30.9 2.9%
9. Teekay Offshore Partners L.P. (Midstream Company)* 856 25.6 2.4%
10. Plains All American Pipeline, L.P. (Midstream MLP) 459 25.6 2.4%
_____________
* Includes 300 Series A preferred units ($7.6 million) and 556 common units ($18.0 million).
 

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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