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Kayne Anderson MLP Investment Company Prices Public Offering Of Series G 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 2,000,000 shares of Series G Mandatory Redeemable Preferred Shares (“Series G MRP Shares”) at a price of $25.00 per share. The Series G MRP Shares will pay cash dividends on a monthly basis at a rate of 4.60% per annum and will have a mandatory redemption date of October 1, 2021. The Company plans to use the net proceeds from the offering of approximately $48.7 million 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 September 16, 2013.

Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley 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

Telephone: 800-294-1322

Morgan Stanley

Attn: Prospectus Department

180 Varick Street, 2 nd Floor

New York, NY 10014

Email: prospectus@morganstanley.com

Telephone: 866-718-1649

 

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 prospectus supplement and the base prospectus carefully before investing. The 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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