Distribution and Top 10 Investments

The distribution will be payable on January 31, 2014 to common stockholders of record on January 27, 2014, with an ex-dividend date of January 23, 2014. It is anticipated that none of this distribution will be treated as a return of capital for tax purposes. The final determination of such amount will be made in early 2015 when the Company can determine its earnings and profits. The final tax status of the distribution may differ substantially from this preliminary information.

The Company’s ten largest holdings by issuer at November 30, 2013 were as follows:

Public / Private

Amounts ($ millions)

Percent ofTotal Investments
1. Emerge Energy Services LP (Frac Sand MLP) Public $65.9 14.0%
2. VantaCore Partners LP (Aggregates MLP) Private 29.4 6.2%
3. Enterprise Products Partners L.P. (Midstream MLP) Public 24.3 5.1%
4. Energy Transfer Partners, L.P. (Midstream MLP) Public 23.0 4.9%
5. Williams Partners L.P. (Midstream MLP) Public 22.2 4.7%
6. Crestwood Midstream Partners LP (Midstream MLP) Public 20.4 4.3%
7. Plains GP Holdings, L.P. (Midstream MLP) (1) Public 19.7 4.2%
8. MarkWest Energy Partners, L.P. (Midstream MLP) Public 18.2 3.9%
9. Buckeye Partners, L.P. (Midstream MLP) Private 17.6 3.7%
10. DCP Midstream Partners, LP (Midstream MLP) Public 17.2 3.6%
(1)   KED holds an interest in Plains All American GP LLC (“PAA GP”), which controls the general partner of Plains All American, L.P. KED’s ownership of PAA GP is exchangeable into shares of Plains GP Holdings, L.P. (which trades on the NYSE under the ticker “PAGP”) on a one-for-one basis at KED’s option.

The Company is a non-diversified, closed-end investment company registered under the Investment Company Act of 1940. The Company's investment objective is to generate both current income and capital appreciation primarily through equity and debt investments. The Company will seek to achieve this objective by investing at least 80% of its net assets together with the proceeds of any borrowings (its "total assets") in securities of companies that derive the majority of their revenue from activities in the energy industry, including: (a) Midstream Energy Companies, which are businesses that operate assets used to gather, transport, process, treat, terminal and store natural gas, natural gas liquids, propane, crude oil or refined petroleum products; (b) Upstream Energy Companies, which are businesses engaged in the exploration, extraction and production of natural resources, including natural gas, natural gas liquids and crude oil, from onshore and offshore geological reservoirs; and (c) Other Energy Companies, which are businesses engaged in owning, leasing, managing, producing, processing and sale of coal and coal reserves; the marine transportation of crude oil, refined petroleum products, liquefied natural gas, as well as other energy-related natural resources using tank vessels and bulk carriers; and refining, marketing and distributing refined energy products, such as motor gasoline and propane to retail customers and industrial end-users.

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 materially differ from the Company's historical experience and its present expectations or projections indicated in any forward-looking statement. These risks include, but are not limited to, changes in economic and political conditions; regulatory and legal changes; energy industry risk; commodity pricing risk; leverage risk; valuation risk; non-diversification risk; interest rate risk; tax risk; and other risks discussed in the Company'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 Company undertakes no obligation to publicly update or revise any forward-looking statements made herein. There is no assurance that the Company's investment objectives will be attained.

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