(Source: Business Wire)
Kayne Anderson Energy Total Return Fund, Inc. (the "Fund") (NYSE: KYE) today provided a summary unaudited balance sheet and announced its net asset value and asset coverage ratio under the Investment Company Act of 1940 (the "1940 Act") as of June 30, 2009.
As of June 30, 2009, the Fund's net assets were $536 million and its net asset value per share was $16.09. As of June 30, 2009, the Fund's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 425%.
Kayne Anderson Energy Total Return Fund, Inc. Balance Sheet June 30, 2009 (Unaudited) (in millions) Investments $ 676.3 Repurchase agreements and cash 13.5 Deposits 16.2 Accrued income 5.3 Receivable for securities sold 1.1 Other assets 1.5 Total assets 713.9 Short-term borrowings - Senior notes 165.0 Total leverage 165.0 Payable for securities purchased 7.1 Other liabilities 5.8 Total liabilities 12.9 Net assets $ 536.0 33.3 million common shares currently outstanding -------------------------------------------------------------------------------
As of June 30, 2009, equity and fixed income investments were 73% and 27%, respectively, of the Fund's long-term investments of $676 million. Long-term investments were comprised of MLPs and MLP Affiliates (52%), U.S. and Canadian Royalty Trusts (12%), Marine Transportation (5%), Coal (4%) and Energy Debt (27%).
