• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

Kayne Anderson MLP Investment Company Announces Its Net Asset Value at August 31, 2008

Posted on: Tuesday, 2 September 2008, 18:00 CDT

Kayne Anderson MLP Investment Company (the "Company") (NYSE: KYN) today announced its net asset value as of August 31, 2008.

As of close of business August 31, 2008, the Company's net assets were $1.1 billion and its net asset value per share was $25.09, based on 43.9 million shares outstanding.

As of August 31, 2008, the Company's total assets and long-term investments were $1.8 billion. Long-term investments were comprised of Midstream MLPs (68%), MLP Affiliates (10%), Upstream MLPs (6%), Propane MLPs (5%), General Partner MLPs (5%), Coal MLPs (4%), Shipping MLPs (1%) and Other (1%).

The Company's ten largest holdings by issuer at August 31, 2008 were:

                                          Units                  Percent of                                           (in        Amount     Long-Term                                        thousands) ($ millions) Investments                                        ---------- ------------ ----------- 1.  Energy Transfer Partners, L.P.     (Midstream MLP)                         3,514        156.4         8.8% 2.  Kinder Morgan Management, LLC     (MLP Affiliate)                         2,708        150.3         8.5% 3.  Plains All American Pipeline, L.P.     (Midstream MLP)                         3,112        148.3         8.4% 4.  Enterprise Products Partners L.P.     (Midstream MLP)                         4,963        146.2         8.2% 5.  Magellan Midstream Partners, L.P.     (Midstream MLP)                         3,199        118.9         6.7% 6.  Copano Energy Partners, L.L.C.     (Midstream MLP)                         3,587        113.3         6.4% 7.  Crosstex Energy, L.P.     (Midstream MLP)                         2,963         75.5         4.3% 8.  MarkWest Energy Partners, L.P.     (Midstream MLP)                         2,190         75.4         4.3% 9.  Inergy, L.P. (Propane MLP)              2,842         74.9         4.2% 10. Enbridge Energy Partners L.P.     (Midstream MLP)                         1,418         68.9         3.9% 

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, and in other companies that, as their principal business, operate assets used in the gathering, transporting, processing, storing, refining, distributing, 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 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.

 Contact: KA Fund Advisors, LLC Monique Vo 877-657-3863 http://www.kaynefunds.com

SOURCE: Kayne Anderson MLP Investment Company

Source: MARKET WIRE

More News in this Category