(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 July 31, 2009.
As of July 31, 2009, the Fund's net assets were $601 million and its net asset value per share was $17.89. As of July 31, 2009, the Fund's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 464%.
Kayne Anderson Energy Total Return Fund, Inc. Balance Sheet July 31, 2009 (Unaudited) (in millions) Investments $ 752.5 Repurchase agreements and cash 20.4 Deposits 0.2 Accrued income 7.1 Receivable for securities sold 1.6 Other assets 1.4 Total assets 783.2 Short-term borrowings - Senior notes 165.0 Total leverage 165.0 Payable for securities purchased 5.9 Other liabilities 11.5 Total liabilities 17.4 Net assets $ 600.8 33.6 million common shares currently outstanding -------------------------------------------------------------------------------
As of July 31, 2009, equity and fixed income investments were 74% and 26%, respectively, of the Fund's long-term investments of $752 million. Long-term investments were comprised of MLPs and MLP Affiliates (53%), U.S. and Canadian Royalty Trusts (11%), Marine Transportation (5%), Coal (5%) and Energy Debt (26%).
The Fund's ten largest holdings by issuer at July 31, 2009 were:
Units/Par ($)(in thousands) Amount($ millions) Percent ofLong-TermInvestments 1. Kinder Morgan Management, LLC (MLP Affiliate) 1,839 $86.4 11.5 % 2. Enbridge Energy Management, L.L.C.
