Kayne Anderson Energy Total Return Fund Announces Distribution of $0.25 per Share for Q2 2017
Kayne Anderson Energy Total Return Fund, Inc. (the “Fund”) (NYSE:KYE)
announced today its quarterly distribution of $0.25 per share for the
quarter ended May 31, 2017.
The distribution will be payable on July 14, 2017 to common stockholders
of record on July 10, 2017, with an ex-dividend date of July 6, 2017.
The Fund estimates that 70% of this distribution will be treated as a
return of capital for tax purposes. This estimate is based on the Fund’s
anticipated earnings and profits for fiscal 2017 (including gains and
losses on sales of securities during the six months ended May 31, 2017)
and its accumulated earnings and profits as of May 31, 2017. The Fund’s
estimate does not include a projection of gains or losses on the sale of
securities for the remainder of fiscal 2017. The final determination of
the tax character of the distribution will be made in early 2018 when
the Fund can determine its actual earnings and profits for the full year
(including gains and losses on the sale of securities for the remainder
of fiscal 2017) and may differ substantially from this preliminary
information.
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
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 materially
differ from the Fund’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 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 objectives will be attained.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170630005830/en/
Copyright Business Wire 2017
Source: Business Wire
(June 30, 2017 - 6:20 PM EDT)
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