Kayne Anderson Energy Total Return Fund, Inc. (the “Fund”) (NYSE: KYE) today provided a summary unaudited balance sheet and announced its net asset value and asset coverage ratios under the Investment Company Act of 1940 (the “1940 Act”) as of October 31, 2011.

As of October 31, 2011, the Fund’s net assets were $889 million, and its net asset value per share was $25.40. As of October 31, 2011, the Fund’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 435% and the Fund’s asset coverage ratio under the 1940 Act with respect to total leverage (debt and preferred stock) was 311%.
Kayne Anderson Energy Total Return Fund, Inc.
Balance Sheet
October 31, 2011
(Unaudited)
  (in millions)   Per Share
Investments $ 1,299.3 $ 37.12
Cash 13.3 0.38
Deposits 4.4 0.13
Accrued income 5.9 0.17
Receivable for securities sold 3.8 0.11
Other assets   4.0   0.11
Total assets 1,330.7 38.02
 
Senior notes 301.0 8.60
Preferred stock   120.0   3.43
Total leverage   421.0   12.03
 
Payable for securities purchased 10.2 0.29
Other liabilities   10.4   0.30
Total liabilities 20.6 0.59
 
Net assets $ 889.1 $ 25.40
 

The Fund had 35.0 million common shares outstanding as of October 31, 2011.

As of October 31, 2011, equity and debt investments were 88% and 12%, respectively, of the Fund’s long-term investments of $1.3 billion. Long-term investments were comprised of MLPs and MLP Affiliates (47%), U.S. and Canadian Income Trusts (11%), Marine Transportation (17%), Coal (4%), Midstream & Other (9%) and Debt (12%).

If you liked this article you might like

Ex-Dividends To Watch: 3 Stocks Going Ex-Dividend Monday: KYE, KRG, DGX

Ex-Dividend Alert: 3 Stocks Going Ex-Dividend Monday: CFD, DMO, KYE

3 Stocks Going Ex-Dividend Tomorrow: FHY, IDE, KYE

Tomorrow's Ex-Dividends To Watch: FHY, FCT, KYE

3 Stocks With Upcoming Ex-Dividend Dates: FHY, KCAP, KYE