(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 October 31, 2009.
As of October 31, 2009, the Fund's net assets were $632 million and its
net asset value per share was $18.69. As of October 31, 2009, the Fund's
asset coverage ratio under the 1940 Act with respect to senior
securities representing indebtedness was 404%.
Kayne Anderson Energy Total Return Fund, Inc.
Balance Sheet
October 31, 2009
(Unaudited)
(in millions)
Investments $ 829.2
Repurchase agreements and cash 0.9
Deposits 0.7
Accrued income 9.8
Receivable for securities sold 13.8
Other assets 1.2
Total assets 855.6
Short-term borrowings 43.0
Senior notes 165.0
Total leverage 208.0
Payable for securities purchased 10.8
Other liabilities 4.6
Total liabilities 15.4
Net assets $ 632.2
33.8 million common shares currently outstanding
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As of October 31, 2009, equity and fixed income investments were 78% and
22%, respectively, of the Fund's long-term investments of $829 million.
Long-term investments were comprised of MLPs and MLP Affiliates (52%),
U.S. and Canadian Royalty Trusts (16%), Marine Transportation (6%), Coal
and Other (4%) and Energy Debt (22%).
The Fund's ten largest holdings by issuer at October 31, 2009 were:
Units/Par ($)(in thousands) Amount($ millions) Percent ofLong-TermInvestments
1. Kinder Morgan Management, LLC (MLP Affiliate) 1,851 $86.7 10.5%
2. Enbridge Energy Management, L.L.C. (MLP Affiliate) 1,550 72.0 8.7%
3. Plains All American Pipeline, L.P.