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Highlights
- Net assets of $2.5 billion and net asset value per share of $15.03.
- Strong asset coverage ratios of 664% for senior securities and 503% for total leverage.
- Well-diversified portfolio with 95% allocation to midstream energy companies.
Kayne Anderson Energy Infrastructure Fund (NYSE:KYN) has released its unaudited financial statement as of November 30, 2024, reporting robust financial results. The fund’s net assets totaled $2.5 billion, with a net asset value (NAV) per share of $15.03. These results reflect the fund's strong operational foundation and solid financial position in the energy infrastructure sector.
The fund’s asset coverage ratios were notably strong, with 664% coverage for senior securities indebtedness and 503% coverage for total leverage. These high coverage ratios underscore the fund’s strong balance sheet and its ability to manage debt responsibly while maintaining financial flexibility.
Kayne Anderson’s portfolio is predominantly composed of Midstream Energy Companies, which represent 95% of the total portfolio. The remaining 5% is divided between Utility Companies (3%) and Other Energy (2%). The fund's top three holdings include Energy Transfer LP (10.4%), Enterprise Products Partners L.P. (10.1%), and The Williams Companies, Inc. (9.8%), all of which are key players in the midstream energy space.
As of the reporting date, total assets stood at $3.55 billion, with total leverage of $627.2 million, highlighting the fund’s substantial scale in the energy infrastructure market. With its focus on midstream energy companies, Kayne Anderson Energy Infrastructure Fund is well-positioned to continue benefiting from the ongoing growth and demand in the energy sector.
