HOUSTON, March 27, 2023 (GLOBE NEWSWIRE) — Kayne Anderson NextGen Energy & Infrastructure, Inc. (the “Fund”) (NYSE: KMF) announced today a quarterly distribution of $0.16 per share for the fiscal quarter ended February 28, 2023. This distribution is payable to common stockholders on April 17, 2023 (as outlined in the table below).
|
Ex- Date |
Record Date |
Payment Date |
Distribution Amount |
Return of Capital Estimate (1) |
||
| 4/6/23 | 4/10/23 | 4/17/23 | $0.16 | 80% | ||
| (1) | The return of capital estimate is based on the Funds anticipated earnings and profits. The final determination of the tax character of distributions will not be determinable until after the end of the fiscal year and may differ substantially from this preliminary information. |
Kayne Anderson NextGen Energy & Infrastructure, Inc. (NYSE: KMF) is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940, as amended, whose common stock is traded on the NYSE. The Fund’s investment objective is to provide a high level of total return with an emphasis on making cash distributions to its stockholders. The Fund seeks to achieve its investment
objective by investing at least 80%
of
its
total
assets
in
securities
of
Energy
Companies
and
Infrastructure
Companies.
The
Fund
anticipates
that
the majority
of
its
investments
will
consist
of
investments
in
”NextGen”
companies,
which
we
define
as
Energy
Companies and Infrastructure Companies that are meaningfully participating in, or benefitting from, the Energy Transition. See Glossary of Key Terms in the
Fund’s most recent quarterly report for
a description of these investment categories
and the meaning of capitalized terms.
The
Fund
pays
cash
distributions
to
common
stockholders
at
a
rate
that
may
be
adjusted
from
time
to
time.
Distribution amounts are not guaranteed and may vary depending on a number of factors, including changes in portfolio holdings and market conditions.
This
press
release
shall
not
constitute
an
offer
to
sell
or
a
solicitation
to
buy,
nor
shall
there
be
any
sale
of
any
securities in any jurisdiction in which such offer or sale is not permitted. Nothing contained in this press release is intended to recommend any investment policy or investment strategy or consider any investor’s specific objectives or circumstances. Before investing, please consult with your investment, tax, or legal adviser regarding your individual
circumstances.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This communication contains statements reflecting
assumptions,
expectations,
projections,
intentions,
or
beliefs
about
future
events.
These
and
other
statements not relating strictly to historical or current facts constitute forward-looking statements as defined under the U.S. federal securities laws. Forward-looking statements involve a variety of risks and uncertainties. These risks include but are not limited to changes in economic and political conditions; regulatory and legal changes; energy industry risk; leverage risk; valuation risk; interest rate risk; tax risk; and other risks discussed in detail in the Fund’s filings with the SEC, available at
www.kaynefunds.com
or
www.sec.gov
.
Actual events could differ materially from these statements or our present expectations or projections. You should not place undue reliance on these forward-looking statements, which speak only as of the date they are made. Kayne Anderson undertakes no obligation to publicly update or revise any forward-looking statements made herein. There is no assurance that the Fund’s investment objectives will be attained.
Contact: Investor Relations at 877-657-3863 or [email protected]
