(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 August 31, 2009.
As of August 31, 2009, the Fund's net assets were $591 million and its net asset value per share was $17.59. As of August 31, 2009, the Fund's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 458%.
Kayne Anderson Energy Total Return Fund, Inc. Balance Sheet August 31, 2009 (Unaudited) (in millions) Investments $ 751.7 Repurchase agreements and cash 17.9 Accrued income 4.8 Receivable for securities sold 1.2 Other assets 1.3 Total assets 776.9 Short-term borrowings - Senior notes 165.0 Total leverage 165.0 Payable for securities purchased 18.9 Other liabilities 2.2 Total liabilities 21.1 Net assets $ 590.8 33.6 million common shares currently outstanding -------------------------------------------------------------------------------
As of August 31, 2009, equity and fixed income investments were 75% and 25%, respectively, of the Fund's long-term investments of $752 million. Long-term investments were comprised of MLPs and MLP Affiliates (51%), U.S.
