Kayne Anderson MLP Investment Company (the “Company”) (NYSE: KYN)
announced today that the underwriters of its common stock offering
exercised their option to purchase an additional 723,700 shares at a
price of $20.25 per share. The option was granted to the underwriters in
connection with the Company’s public offering of 5,500,000 shares of
common stock. The closing of the offering, including the over-allotment
option, occurred today. Total net proceeds from the offering of
6,223,700 shares are approximately $121 million and will be used by the
Company to make additional portfolio investments that are consistent
with the Company’s investment objective, and for general corporate
purposes.
This press release does not constitute an offer to sell or a
solicitation to buy the securities described herein, nor shall there be
any sale of these securities in any state or jurisdiction in which such
offer or solicitation or sale would be unlawful prior to registration or
qualification under the laws of such state or jurisdiction. A
registration statement relating to these securities was filed with, and
has been declared effective by, the Securities and Exchange Commission.
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.
KA Fund Advisors, LLC
Monique Vo, 877-657-3863
http://www.kaynefunds.com
