Kayne Anderson MLP Investment Company Provides Unaudited Balance Sheet Information And Announces Its Net Asset Value And Asset Coverage Ratios At October 31, 2016

Kayne Anderson MLP Investment Company (the "Company") (NYSE:KYN) today provided a summary unaudited statement of assets and liabilities and announced its net asset value and asset coverage ratios under the Investment Company Act of 1940 (the "1940 Act") as of October 31, 2016.

As of October 31, 2016, the Company's net assets were $2.1 billion, and its net asset value per share was $18.42. As of October 31, 2016, the Company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 391% and the Company's asset coverage ratio under the 1940 Act with respect to total leverage (debt and preferred stock) was 275%.

Kayne Anderson MLP Investment Company
Statement of Assets and Liabilities
October 31, 2016
(in millions) Per Share
Investments $ 3,798.0 $ 33.41
Cash and cash equivalents 2.2 0.02
Deposits 0.3 -
Accrued income 31.0 0.27
Receivable for securities sold 1.0 0.01
Income tax receivable 18.4 0.16
Other assets   8.4   0.07
Total assets 3,859.3 33.94
Term loan 75.0 0.66
Senior notes 767.0 6.75
Preferred stock   354.0   3.11
Total leverage   1,196.0   10.52
Payable for securities purchased 5.4 0.05
Other liabilities 22.0 0.19
Deferred income tax liability   541.7   4.76
Total liabilities 569.1 5.00
Net assets $ 2,094.2 $ 18.42
The Company had 113,687,509 common shares outstanding as of October 31, 2016.

Long-term investments were comprised of Midstream MLP (92%), Midstream Company (4%), General Partner MLP (2%) and Shipping MLP (2%).

The Company's ten largest holdings by issuer at October 31, 2016 were:


Units / Shares (in thousands)

Amoun t ($ millions)

Percent ofLong-Term Investments
1. Enterprise Products Partners L.P. (Midstream MLP) 18,731 $ 472.8 12.4%
2. Williams Partners L.P. (Midstream MLP) 10,728 384.3 10.1%
3. Energy Transfer Partners, L.P. (Midstream MLP) 10,600 370.8 9.8%
4. ONEOK Partners, L.P. (Midstream MLP) 6,957 276.5 7.3%
5. Plains All American Pipeline, L.P. (Midstream MLP) 8,757 265.9 7.0%
6. MPLX LP (Midstream MLP)* 6,833 245.3 6.5%
7. Western Gas Partners, LP (Midstream MLP)** 3,841 212.2 5.6%
8. DCP Midstream Partners, LP (Midstream MLP) 6,097 203.3 5.4%
9. Buckeye Partners, L.P. (Midstream MLP) 2,748 177.4 4.7%
10. Magellan Midstream Partners, L.P. (Midstream MLP) 2,304 154.9 4.1%


* Includes 4,578 common units ($155.7 million) and 2,255 preferred units ($89.6 million).

** Includes 3,707 common units ($204.4 million) and 134 preferred units ($7.8 million).

Kayne Anderson MLP Investment Company 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 Company's investment objective is to obtain a high after-tax total return by investing at least 85% of its total assets in energy-related master limited partnerships and their affiliates (collectively, "MLPs"), and in other companies that, as their principal business, operate assets used in the gathering, transporting, processing, storing, refining, distributing, mining or marketing natural gas, natural gas liquids (including propane), crude oil, refined petroleum products or coal.

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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