HOUSTON, September 02, 2022 (Globe Newswire) — Kayne Anderson, NextGen Power & Infrastructure, Inc. Asset protection ratio below the Funding Firms Act 1940 (1940 Act) as on thirty first August, 2022.
As of August 31, 2022, the Fund’s internet belongings have been $479.1 million and its internet asset worth per share was $10.15. As of August 31, 2022, the fund’s asset protection ratio below the 1940 Act was 500% in respect of senior securities representing indebtedness and the fund below the 1940 Act in respect of combination leverage (debt and most popular inventory). asset protection ratio of . ) was 379%.
|Kayne Anderson NextGen Power & Infrastructure, Inc.|
|Assertion of belongings and liabilities|
|31 August 2022|
|(in tens of millions)|
|Money and money equivalents||2.0|
|credit score facility||50.0|
|value of difficulty of unmodified notes||(0.1||,|
|most popular inventory||41.5|
|value of issuing unreserved most popular inventory||(0.6 .)||,|
The fund had 47,197,462 frequent shares excellent as on August 31, 2022.
As of August 31, 2022, fairness and debt investments have been 99% and 1%, respectively, of the Fund’s long-term investments. Lengthy-term investments embody midstream corporations (36%), pure fuel and LNG infrastructure corporations (24%), renewable infrastructure corporations (19%), utility corporations (16%), different energies (4%) and debt (1%). have been concerned. ,
The Fund’s ten largest holdings by issuer as on August 31, 2022 have been:
|1.||Enterprise Product Companions LP (Midstream Firm)||$42.7||6.6||,|
|2.||Targa Sources Corp. (Midstream Firm)||41.8||6.5||,|
|3.||Chenier Power, Inc. (Pure Fuel and LNG Infrastructure Firm)||41.4||6.4||,|
|4.||Williams Firms, Inc. (Pure Fuel and LNG Infrastructure Firm)||36.6||5.7||,|
|5.||Power Switch LP (Midstream Firm)||31.0||4.8||,|
|6.||MPLX LP (Midstream Firm)||29.0||4.5||,|
|7.||Plains GP Holdings, LP** (Midstream Firm)||27.5||4.3||,|
|8.||Brookfield Renewable Companions LP *** (Renewable Infrastructure Firm)||24.3||3.8||,|
|9.||DT Midstream, Inc. (Pure Fuel and LNG Infrastructure Firm)||22.2||3.4||,|
|10.||TC Power Company (Pure Fuel and LNG Infrastructure Firm)||21.9||3.4||,|
|,||Contains possession of fairness and debt investments.|
|,||This contains possession of Plains GP Holdings, LP (“PAGP”) and Plains AAP, LP (“PAGP-AAP”).|
|,||Brookfield Renewable Companions, LP (“BEP”) and Brookfield Renewable Company (“BEPC”).|
Portfolio holdings are topic to alter with out discover. Particular securities don’t seek advice from a suggestion or solicitation for any individual to purchase, promote or maintain a specific safety. You may get a whole listing of the holdings by viewing the Fund’s newest quarterly or annual studies.
Kayne Anderson NextGen Power & Infrastructure, Inc. (NYSE: KMF) is a non-diversified, closed-end administration funding firm, as amended, registered below the Funding Firms Act of 1940, whose frequent inventory is traded on the NYSE. The fund’s funding goal is to offer a excessive stage of whole return with an emphasis on distributing money to its shareholders. The fund seeks to attain its funding goal by investing at the least 80% of its whole belongings in securities of power corporations and infrastructure corporations. The fund estimates that almost all of its investments are “NextGen” corporations, which we outline as power corporations and infrastructure corporations which are collaborating in or benefiting from the power transition meaningfully. See the Glossary of Key Phrases within the fund’s most up-to-date quarterly report for an outline of those funding classes and the that means of the capitalized phrases.
This press launch won’t represent a suggestion to promote or solicit the acquisition of, nor will the sale of, any securities in any jurisdiction during which such provide or sale just isn’t permitted. Nothing contained on this press launch is meant to suggest any funding coverage or funding technique or to take note of the precise aims or circumstances of an investor. Please seek the advice of your funding, tax or authorized advisor concerning your particular person circumstances earlier than investing.
Cautionary Notice About Ahead-looking Statements: This communication contains statements reflecting assumptions, expectations, projections, intentions or beliefs about future occasions. These and different statements that aren’t strictly associated to historic or present details represent forward-looking statements as outlined below US federal securities legal guidelines. Ahead-looking statements contain various dangers and uncertainties. These dangers embody, however will not be restricted to, adjustments in financial and political circumstances; regulatory and authorized adjustments; power business publicity; leverage threat; evaluation threat; rate of interest threat; tax threat; and different dangers are mentioned intimately within the Fund’s and CloseCurlyquote’s filings with the SEC, out there right here. www.kaynefunds.com both www.sec.gov, Precise occasions may differ materially from these statements or from our present expectations or estimates. You shouldn’t place undue reliance on these forward-looking statements, which converse solely as of the date they have been made. Kayne Anderson undertakes no obligation to publicly replace or revise any forward-looking statements made herein. There is no such thing as a assurance that the funding aims of the Fund might be achieved.
Contact: Investor Relations at (877) 657-3863 or email@example.com