(Source: Business Wire)
Kayne Anderson MLP Investment Company (the "Company") (NYSE: KYN) today provided a summary unaudited balance sheet and announced its net asset value and asset coverage ratios under the Investment Company Act of 1940 (the "1940 Act") as of July 31, 2009.
As of July 31, 2009, the Company's net assets were $946 million and its net asset value per share was $18.71. As of July 31, 2009, the Company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 437% and the Company's asset coverage ratio under the 1940 Act with respect to total leverage (debt and preferred stock) was 348%.
Kayne Anderson MLP Investment Company Balance Sheet July 31, 2009 (Unaudited) (in millions) Investments $ 1,268.2 Repurchase agreements and cash 1.9 Deposits 0.2 Receivable for common stock sold 106.9 Accrued income 13.3 Receivable for securities sold 1.4 Other assets 2.5 Total assets 1,394.4 Short-term borrowings 3.0 Senior notes 304.0 Preferred stock 75.0 Total leverage 382.0 Payable for securities purchased 17.9 Deferred tax liability 40.4 Other liabilities 8.0 Total liabilities 66.3 Net assets $ 946.1 50.6 million common shares currently outstanding -------------------------------------------------------------------------------
Long-term investments were comprised of Midstream MLPs (64%), General Partner MLPs (14%), MLP Affiliates (9%), Propane MLPs (7%), Shipping MLPs (3%), Upstream MLPs (2%), and Coal and Other MLPs (1%).
The Company's ten largest holdings by issuer at July 31, 2009 were:
Units/Par ($)(in thousands) Amount ($ millions) Percent of Long-Term Investments 1.
