Kayne Anderson Fund provides summary statement of assets

The Houston-based Kayne Anderson Energy Total Return Fund Inc. [NYSE: KYE] has provided a summary unaudited statement of assets and liabilities and announced its net asset value and asset coverage ratios under the Investment Company Act of 1940.

As of Dec. 31, 2012, the fund’s net assets were $868 million, and its net asset value per share was $24.47. As of Dec. 31, the fund’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 460%, and the fund’s asset coverage ratio under the 1940 Act with respect to total leverage (debt and preferred stock) was 320%.

The fund had 35.47 million common shares outstanding as of Dec. 31.

 

As of Dec. 31, equity and debt investments were 87% and 13%, respectively, of the fund’s long-term investments of $1.3 billion. Long-term investments were comprised of MLP and MLP Affiliate (48%), US and Canadian Upstream Income Trusts (10%), Marine Transportation & Other (16%), Coal (1%), Midstream & Utilities (12%) and Debt (13%).

The fund’s 10 largest holdings by issuer at Dec. 31 were:

·         Kinder Morgan Management LLC (MLP Affiliate)

·         Enbridge Energy Management LLC (MLP Affiliate)

·         Plains All American Pipeline LP (Midstream MLP)

·         Golar LNG Partners (Marine Transportation)

·         Teekay Offshore Partners LP (Marine Transportation)

·         Capital Product Partners LP (Marine Transportation)

·         The Williams Companies Inc. (Midstream)

·         Kinder Morgan Inc. (Midstream)

·         Navios Maritime Partners LP (Marine Transportation)

·         Regency Energy Partners LP (Midstream MLP)

 

Related Articles

Tennessee Gas Pipeline has successful open season

04/14/2014 Kinder Morgan Energy Partners LP reports that KMP’s Tennessee Gas Pipeline Co. (TGP) has awarded Antero Resources 100% of the capacity offered in TGP’s binding open season for its proposed Broad Ru...

MIDSTREAM NEWS

04/11/2014

Duvernay - The Golden Canadian diluent play?

04/08/2014 Growing Canadian production of oil sands bitumen requires diluent to blend it to pipeline flow specifications. The resulting demand for diluent exceeds local Canadian supply from plant condensate p...

Armstrong appointed to Tallgrass Energy Partners board

04/05/2014

Tallgrass Energy Partners LP has appointed Jeffrey R. Armstrong to the board of directors of TEP’s general partner, effective April 2.

Resolute Energy appoints Hultquist to board of directors

02/11/2014 Resolute Energy Corp. has appointed Gary L. Hultquist to the company’s board of directors. He has also been designated to serve on the Compensation Committee and the Corporate Governance/Nominating...

More Oil & Gas Financial Articles

Tennessee Gas Pipeline has successful open season

Mon, Apr 14, 2014

Kinder Morgan Energy Partners LP reports that KMP’s Tennessee Gas Pipeline Co. (TGP) has awarded Antero Resources 100% of the capacity offered in TGP’s binding open season for its proposed Broad Run Flexibility and Broad Run Expansion projects.

MIDSTREAM NEWS

Fri, Apr 11, 2014

Duvernay - The Golden Canadian diluent play?

Tue, Apr 8, 2014

Growing Canadian production of oil sands bitumen requires diluent to blend it to pipeline flow specifications. The resulting demand for diluent exceeds local Canadian supply from plant condensate production – leading to imports from the US of more than 150 Mb/d in 2013 – a figure expected to grow to 460 Mb/d by 2018. That expectation for future import growth is based on the assumption that Canadian condensate supplies would remain relatively flat at about 140 Mb/d. But could the developing Duvernay gas shale play in Western Alberta turn those estimates on their head? .

Armstrong appointed to Tallgrass Energy Partners board

Sat, Apr 5, 2014

Tallgrass Energy Partners LP has appointed Jeffrey R. Armstrong to the board of directors of TEP’s general partner, effective April 2.

Resolute Energy appoints Hultquist to board of directors

Tue, Feb 11, 2014

Resolute Energy Corp. has appointed Gary L. Hultquist to the company’s board of directors. He has also been designated to serve on the Compensation Committee and the Corporate Governance/Nominating Committee.  

Most Popular

Oil & Gas Jobs

Search More Job Listings >>
Subscribe to OGFJ