|Kayne Anderson Energy Development Company|
|Statement of Assets and Liabilities|
|October 31, 2016|
|(in millions)||Per Share|
|Cash and cash equivalents||0.9||0.08|
|Receivable for securities sold||0.1||0.01|
|Income tax receivable||16.4||1.53|
|Term loan and credit facility||80.0||7.47|
|Payable for securities purchased||1.1||0.10|
|Deferred income tax liability||31.9||2.99|
|The Company had 10,704,709 common shares outstanding as of October 31, 2016.|
Kayne Anderson Energy Development Company (the "Company") (NYSE:KED) 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 $198 million, and its net asset value per share was $18.46. As of October 31, 2016, the Company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 378% and the Company's asset coverage ratio under the 1940 Act with respect to total leverage (debt and preferred stock) was 288%.
Long-term investments were comprised of Midstream MLP (87%), Midstream Company (6%), General Partner MLP (4%) and Shipping MLP (3%).