{"id":470276,"date":"2021-04-01T20:03:30","date_gmt":"2021-04-02T00:03:30","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=470276"},"modified":"2021-04-01T20:03:30","modified_gmt":"2021-04-02T00:03:30","slug":"kayne-anderson-nextgen-energy-infrastructure-provides-unaudited-balance-sheet-information-and-announces-its-net-asset-value-and-asset-coverage-ratios-at-march-31-2021","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/kayne-anderson-nextgen-energy-infrastructure-provides-unaudited-balance-sheet-information-and-announces-its-net-asset-value-and-asset-coverage-ratios-at-march-31-2021\/","title":{"rendered":"Kayne Anderson NextGen Energy & Infrastructure Provides Unaudited Balance Sheet Information and Announces its Net Asset Value and Asset Coverage Ratios at March 31, 2021"},"content":{"rendered":"
\n

HOUSTON, April 01, 2021 (GLOBE NEWSWIRE) — Kayne Anderson NextGen Energy & Infrastructure, Inc. (the \u201cFund\u201d) (NYSE: KMF) today 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 (the \u201c1940 Act\u201d) as of March 31, 2021.<\/p>\n

As of March 31, 2021, the Fund\u2019s net assets were $380 million and its net asset value per share was $8.04. As of March 31, 2021, the Fund\u2019s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 451% and the Fund\u2019s asset coverage ratio under the 1940 Act with respect to total leverage (debt and preferred stock) was 378%.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n<\/tr>\n
\n Kayne Anderson NextGen Energy & Infrastructure, Inc. <\/strong>\n <\/td>\n<\/tr>\n
\n Statement of Assets and Liabilities<\/strong>\n <\/td>\n<\/tr>\n
\n March 31, 2021<\/strong>\n <\/td>\n<\/tr>\n
\n (Unaudited)<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n(in millions)<\/td>\n<\/tr>\n
Investments<\/td>\n\u00a0<\/td>\n$<\/td>\n513.3<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash and cash equivalents<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.6<\/td>\n\u00a0<\/td>\n<\/tr>\n
Receivable for securities sold<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.8<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accrued income<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.7<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n518.4<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Credit facility<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n30.0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Notes<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n84.5<\/td>\n\u00a0<\/td>\n<\/tr>\n
Unamortized notes issuance costs<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(0.3<\/td>\n)<\/td>\n<\/tr>\n
Preferred stock<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n22.2<\/td>\n\u00a0<\/td>\n<\/tr>\n
Unamortized preferred stock issuance costs<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(0.2<\/td>\n)<\/td>\n<\/tr>\n
Total leverage<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n136.2<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Payable for capital shares purchased<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Payable for securities purchased<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.3<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.3<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.6<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net assets<\/td>\n\u00a0<\/td>\n$<\/td>\n379.6<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

The Fund had 47,197,462 common shares outstanding as of March 31, 2021.<\/p>\n

As of March 31, 2021, equity and debt investments were 99% and 1%, respectively, of the Fund\u2019s long-term investments of $513 million. Long-term investments were comprised of Midstream Company (52%), Renewable Infrastructure Company (23%), Utility Company (22%), Other Energy (1%), Other (1%) and Debt (1%)<\/p>\n

The Fund\u2019s ten largest holdings by issuer at March 31, 2021 were:\u00a0\u00a0\u00a0 \u00a0\u00a0<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nAmount
(in millions)<\/td>\n		\u00a0<\/td>\nPercent of
Long-Term
Investments*<\/td>\n<\/tr>\n
1.<\/td>\nEnterprise Products Partners L.P. (Midstream Company)<\/td>\n\u00a0<\/td>\n$32.9<\/td>\n\u00a0<\/td>\n6.4<\/td>\n%<\/td>\n<\/tr>\n
2.<\/td>\nTarga Resources Corp. (Midstream Company)<\/td>\n\u00a0<\/td>\n32.6<\/td>\n\u00a0<\/td>\n6.3<\/td>\n%<\/td>\n<\/tr>\n
3.<\/td>\nThe Williams Companies, Inc. (Midstream Company)<\/td>\n\u00a0<\/td>\n30.7<\/td>\n\u00a0<\/td>\n6.0<\/td>\n%<\/td>\n<\/tr>\n
4.<\/td>\nBrookfield Renewable Partners L.P. ** (Renewable Infrastructure Company)<\/td>\n\u00a0<\/td>\n27.0<\/td>\n\u00a0<\/td>\n5.3<\/td>\n%<\/td>\n<\/tr>\n
5.<\/td>\nTC Energy Corporation (Midstream Company)<\/td>\n\u00a0<\/td>\n22.8<\/td>\n\u00a0<\/td>\n4.4<\/td>\n%<\/td>\n<\/tr>\n
6.<\/td>\nKinder Morgan, Inc. (Midstream Company)<\/td>\n\u00a0<\/td>\n19.3<\/td>\n\u00a0<\/td>\n3.8<\/td>\n%<\/td>\n<\/tr>\n
7.<\/td>\nAtlantica Sustainable Infrastructure plc (Renewable Infrastructure Company)<\/td>\n\u00a0<\/td>\n18.2<\/td>\n\u00a0<\/td>\n3.6<\/td>\n%<\/td>\n<\/tr>\n
8.<\/td>\nNextEra Energy Partners, LP (Renewable Infrastructure Company)<\/td>\n\u00a0<\/td>\n17.8<\/td>\n\u00a0<\/td>\n3.5<\/td>\n%<\/td>\n<\/tr>\n
9.<\/td>\nCheniere Energy, Inc. (Midstream Company)<\/td>\n\u00a0<\/td>\n16.0<\/td>\n\u00a0<\/td>\n3.1<\/td>\n%<\/td>\n<\/tr>\n
10.<\/td>\nMPLX LP (Midstream Company)<\/td>\n\u00a0<\/td>\n15.8<\/td>\n\u00a0<\/td>\n3.1<\/td>\n%<\/td>\n<\/tr>\n
\n ___________________________<\/em>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
* Excludes cash.<\/td>\n<\/tr>\n
** Includes ownership of Brookfield Renewable Partners, L.P (\u201cBEP\u201d) and Brookfield Renewable Corporation (\u201cBEPC\u201d).<\/td>\n<\/tr>\n<\/table>\n

\n Portfolio holdings are subject to change without notice. The mention of specific securities is not a recommendation or solicitation for any person to buy, sell or hold any particular security. You can obtain a complete listing of holdings by viewing the Fund\u2019s most recent quarterly or annual report.<\/em>\n <\/p>\n

\n 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 \u201dNextGen\u201d 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 2020 semi-annual report for a description of these investment categories and the meaning of capitalized terms.<\/em>\n <\/p>\n

\n 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 take into account the specific objectives or circumstances of any investor. Please consult with your investment, tax, or legal adviser regarding your individual circumstances prior to investing.<\/em>\n <\/p>\n

\n 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\u2019s filings with the SEC, available at <\/em>
\n
\n www.kaynefunds.com<\/em>
\n <\/a>
\n or <\/em>
\n
\n www.sec.gov<\/em>
\n <\/a>
\n . Actual events could differ materially from these statements or from 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\u2019s investment objectives will be attained. <\/em>\n <\/p>\n

Contact: Investor Relations at (877) 657-3863 or cef@kaynecapital.com<\/a><\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

HOUSTON, April 01, 2021 (GLOBE NEWSWIRE) — Kayne Anderson NextGen Energy & Infrastructure, Inc. (the \u201cFund\u201d) (NYSE: KMF) today 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 (the \u201c1940 Act\u201d) as of March 31, 2021. As of March 31, 2021, the Fund\u2019s net assets were $380 million and its net asset value per share was $8.04. As of March 31, 2021, the Fund\u2019s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 451% and the Fund\u2019s asset coverage ratio under the 1940 Act with respect to total leverage (debt and preferred stock) was 378%. \u00a0 Kayne … <\/p>\n

Continue reading “Kayne Anderson NextGen Energy & Infrastructure Provides Unaudited Balance Sheet Information and Announces its Net Asset Value and Asset Coverage Ratios at March 31, 2021”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-470276","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nKayne Anderson NextGen Energy & Infrastructure Provides Unaudited Balance Sheet Information and Announces its Net Asset Value and Asset Coverage Ratios at March 31, 2021 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/kayne-anderson-nextgen-energy-infrastructure-provides-unaudited-balance-sheet-information-and-announces-its-net-asset-value-and-asset-coverage-ratios-at-march-31-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kayne Anderson NextGen Energy & Infrastructure Provides Unaudited Balance Sheet Information and Announces its Net Asset Value and Asset Coverage Ratios at March 31, 2021 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"HOUSTON, April 01, 2021 (GLOBE NEWSWIRE) — Kayne Anderson NextGen Energy & Infrastructure, Inc. (the \u201cFund\u201d) (NYSE: KMF) today 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 (the \u201c1940 Act\u201d) as of March 31, 2021. As of March 31, 2021, the Fund\u2019s net assets were $380 million and its net asset value per share was $8.04. 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/kayne-anderson-nextgen-energy-infrastructure-provides-unaudited-balance-sheet-information-and-announces-its-net-asset-value-and-asset-coverage-ratios-at-march-31-2021\/","og_locale":"en_US","og_type":"article","og_title":"Kayne Anderson NextGen Energy & Infrastructure Provides Unaudited Balance Sheet Information and Announces its Net Asset Value and Asset Coverage Ratios at March 31, 2021 - Market Newsdesk","og_description":"HOUSTON, April 01, 2021 (GLOBE NEWSWIRE) — Kayne Anderson NextGen Energy & Infrastructure, Inc. (the \u201cFund\u201d) (NYSE: KMF) today 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 (the \u201c1940 Act\u201d) as of March 31, 2021. As of March 31, 2021, the Fund\u2019s net assets were $380 million and its net asset value per share was $8.04. As of March 31, 2021, the Fund\u2019s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 451% and the Fund\u2019s asset coverage ratio under the 1940 Act with respect to total leverage (debt and preferred stock) was 378%. \u00a0 Kayne … Continue reading \"Kayne Anderson NextGen Energy & Infrastructure Provides Unaudited Balance Sheet Information and Announces its Net Asset Value and Asset Coverage Ratios at March 31, 2021\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/kayne-anderson-nextgen-energy-infrastructure-provides-unaudited-balance-sheet-information-and-announces-its-net-asset-value-and-asset-coverage-ratios-at-march-31-2021\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-02T00:03:30+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxMDYwOCM0MTAzMzQ3IzUwMDAyOTc0NQ==","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/kayne-anderson-nextgen-energy-infrastructure-provides-unaudited-balance-sheet-information-and-announces-its-net-asset-value-and-asset-coverage-ratios-at-march-31-2021\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/kayne-anderson-nextgen-energy-infrastructure-provides-unaudited-balance-sheet-information-and-announces-its-net-asset-value-and-asset-coverage-ratios-at-march-31-2021\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Kayne Anderson NextGen Energy & Infrastructure Provides Unaudited Balance Sheet Information and Announces its Net Asset Value and Asset Coverage Ratios at March 31, 2021","datePublished":"2021-04-02T00:03:30+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/kayne-anderson-nextgen-energy-infrastructure-provides-unaudited-balance-sheet-information-and-announces-its-net-asset-value-and-asset-coverage-ratios-at-march-31-2021\/"},"wordCount":770,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/kayne-anderson-nextgen-energy-infrastructure-provides-unaudited-balance-sheet-information-and-announces-its-net-asset-value-and-asset-coverage-ratios-at-march-31-2021\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxMDYwOCM0MTAzMzQ3IzUwMDAyOTc0NQ==","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/kayne-anderson-nextgen-energy-infrastructure-provides-unaudited-balance-sheet-information-and-announces-its-net-asset-value-and-asset-coverage-ratios-at-march-31-2021\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/kayne-anderson-nextgen-energy-infrastructure-provides-unaudited-balance-sheet-information-and-announces-its-net-asset-value-and-asset-coverage-ratios-at-march-31-2021\/","name":"Kayne Anderson NextGen Energy & Infrastructure Provides Unaudited Balance Sheet Information and Announces its Net Asset Value and Asset Coverage Ratios at March 31, 2021 - 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