Kayne Anderson Energy Total Return Fund Announces Distribution of $0.25 per Share for Q3 2016
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 August 31, 2016.
The distribution will be payable on October 14, 2016 to common
stockholders of record on October 7, 2016, with an ex-dividend date of
October 5, 2016. The Fund estimates that 35% 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 2016 and
its accumulated earnings and profits as of August 31, 2016 (including
gains and losses on sales of securities during the nine months ended
August 31, 2016). The Fund’s estimate does not include a projection of
gains or losses on the sale of securities for the remainder of fiscal
2016. The final determination of the tax character of the distribution
will be made in early 2017 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 2016) 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/20160929006309/en/
Copyright Business Wire 2016
Source: Business Wire
(September 29, 2016 - 4:20 PM EDT)
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