Kayne Anderson MLP Investment Company Announces Distribution of $0.45 Per Share for Q2 2017
Kayne Anderson MLP Investment Company (the “Company”) (NYSE:KYN)
announced today its quarterly distribution of $0.45 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 Company estimates that 100% of its distribution for the quarter
ended May 31, 2017 will be treated as a return of capital for tax
purposes. This estimate is based on the Company’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 Company’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
Company 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.
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 Company'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 Company'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 Company undertakes no obligation to publicly
update or revise any forward-looking statements made herein. There is no
assurance that the Company's investment objectives will be attained.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170630005828/en/
Copyright Business Wire 2017
Source: Business Wire
(June 30, 2017 - 6:20 PM EDT)
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