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 October 2, 2015 - 9:49 AM EDT
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Kayne Anderson Energy Total Return Fund Provides Unaudited Balance Sheet Information and Announces its Net Asset Value and Asset Coverage Ratios at September 30, 2015

Kayne Anderson Energy Total Return Fund, Inc. (the “Fund”) (NYSE:KYE) 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 September 30, 2015.

As of September 30, 2015, the Fund’s net assets were $519 million, and its net asset value per share was $14.40. As of September 30, 2015, the Fund’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 378% and the Fund’s asset coverage ratio under the 1940 Act with respect to total leverage (debt and preferred stock) was 248%.


Kayne Anderson Energy Total Return Fund, Inc.

Statement of Assets and Liabilities
September 30, 2015
  (in millions)   Per Share
Investments $ 821.6 $ 22.77
Cash 20.0 0.56
Deposits 0.2 0.01
Accrued income 4.6 0.13
Receivable for securities sold 23.9 0.66
Other assets   2.2   0.06
Total assets 872.5 24.19
Senior notes 230.0 6.37
Preferred stock   120.0   3.33
Total leverage   350.0   9.70
Other liabilities   3.1   0.09
Total liabilities 3.1 0.09
Net assets $ 519.4 $ 14.40
The Fund had 36,075,488 common shares outstanding as of September 30, 2015.

As of September 30, 2015, equity and debt investments were 89% and 11%, respectively, of the Fund’s long-term investments of $822 million. Long-term investments were comprised of MLP and MLP Affiliate (37%), Midstream Company (31%), Marine (18%), U.S. and Canadian Upstream Income Trusts (1%), Other Energy (2%) and Debt (11%).

The Fund’s ten largest holdings by issuer at September 30, 2015 were:


Units / Shares
(in thousands)


($ millions)


Percent of

1.   Kinder Morgan, Inc. (Midstream Company) 3,823 $105.8 12.9%
2. Enbridge Energy Management, L.L.C. (MLP Affiliate) 3,579 85.1 10.4%
3. Capital Product Partners L.P. (Marine)* 5,005 35.5 4.3%
4. Energy Transfer Partners, L.P. (MLP) 776 31.9 3.9%
5. The Williams Companies, Inc. (Midstream Company)** 852 31.4 3.8%
6. Plains GP Holdings, L.P. (Midstream Company) 1,705 29.8 3.6%
7. Teekay Offshore Partners L.P. (Marine) 1,933 27.8 3.4%
8. ONEOK, Inc. (Midstream Company) 859 27.7 3.4%
9. ONEOK Partners, L.P. (MLP) 760 22.2 2.7%
10. Enterprise Products Partners L.P. (MLP) 875 21.8 2.7%




* Includes 3,333 Class B units ($25.2 million) and 1,672 common units ($10.3 million).

** On September 28, 2015, Energy Transfer Equity, L.P. (“ETE”) announced the acquisition of The Williams Companies, Inc. (“WMB”). This transaction is anticipated to close in the first half of 2016. The announcement followed the termination of the previously announced merger agreement between WMB and Williams Partners L.P. (“WPZ”). As of September 30, 2015, the Fund owned 210 units ($4.4 million) of ETE and 176 units ($5.6 million) of WPZ.

The Fund 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 Fund’s investment objective is to obtain a high total return with an emphasis on current income by investing primarily in securities of companies engaged in the energy industry, principally including publicly-traded energy-related master limited partnerships and limited liability companies taxed as partnerships and their affiliates, energy-related U.S. and Canadian royalty trusts and income trusts and other companies that derive at least 50% of their revenues from operating assets used in, or providing energy-related services for, the exploration, development, production, gathering, transportation, processing, storing, refining, distribution, mining or marketing of 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.

KA Fund Advisors, LLC
Monique Vo, 877-657-3863

Source: Business Wire (October 2, 2015 - 9:49 AM EDT)

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