Kayne Anderson supplies NextGen Power & Infrastructure unaudited steadiness sheet info and declares its internet asset worth and asset protection ratio as of August 31, 2022.


Kayne Anderson NextGen Power & Infrastructure, Inc.

HOUSTON, September 02, 2022 (Globe Newswire) — Kayne Anderson, NextGen Power & Infrastructure, Inc. Asset protection ratio underneath the Funding Corporations Act 1940 (the “1940 Act”) as of August 31, 2022.

As of August 31, 2022, the fund’s internet property had 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 underneath the 1940 Act in respect of senior securities representing indebtedness was 500% and the fund’s asset protection ratio underneath the 1940 Act with respect to complete leverage (debt and most well-liked inventory) was 379. % was. ,

Kayne Anderson NextGen Power & Infrastructure, Inc.

Assertion of property and liabilities

31 August 2022

(unaudited)

(in hundreds of thousands)

Funding

,

645.2

Money and money equivalents

2.0

Earned earnings

1.7

different property

3.5

Complete property

652.4

credit score facility

50.0

notes

80.1

value of subject of unmodified notes

(0.1

,

most well-liked inventory

41.5

value of issuing unreserved most well-liked inventory

(0.6 .)

,

complete leverage

170.9

different payables

2.4

internet property

,

479.1

The fund had 47,197,462 frequent shares excellent as on August 31, 2022.

As of August 31, 2022, fairness and debt investments accounted for 99% and 1%, respectively, of the fund’s long-term investments. Lengthy-term investments embrace midstream firms (36%), pure fuel and LNG infrastructure firms (24%), renewable infrastructure firms (19%), utility firms (16%), different energies (4%) and debt (1%). had been concerned. ,

The fund’s ten largest holdings by issuer as of August 31, 2022 had been:

Zodiac
(in lakhs)*

proportion of
long run
Funding

1.

Enterprise Product Companions LP (Midstream Firm)

$42.7

6.6

,

2.

Targa Assets Corp. (Midstream Firm)

41.8

6.5

,

3.

Chenier Power, Inc. (Pure Gasoline and LNG Infrastructure Firm)

41.4

6.4

,

4.

Williams Corporations, Inc. (Pure Gasoline 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 Gasoline and LNG Infrastructure Firm)

22.2

3.4

,

10.

TC Power Company (Pure Gasoline and LNG Infrastructure Firm)

21.9

3.4

,

,

,

Consists of possession of fairness and debt investments.

,

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 vary with out discover. Particular securities don’t discuss with a advice or solicitation for any particular person to purchase, promote or maintain a specific safety. You may get an entire checklist of holdings by viewing the fund’s newest quarterly or annual reviews.

Kayne Anderson NextGen Power & Infrastructure, Inc. (NYSE: KMF) is a non-diversified, closed-end administration funding firm, as amended, registered underneath the Funding Corporations Act of 1940, whose frequent inventory is traded on the NYSE. The fund’s funding goal is to supply a excessive degree of complete return with an emphasis on distributing money to its shareholders. The fund seeks to realize its funding goal by investing not less than 80% of its complete property in securities of power firms and infrastructure firms. The fund anticipates that almost all of its investments will embrace investments in “NextGen” firms, which we outline as power firms and infrastructure firms which are meaningfully collaborating in or benefiting from the power transition. 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 which means of the capitalized phrases.

This press launch won’t represent a proposal to promote or solicit the acquisition of, nor will the sale of, any securities in any jurisdiction through which such provide or sale will not be permitted. Nothing contained on this press launch is meant to suggest any funding coverage or funding technique or to keep in mind the precise goals or circumstances of an investor. Please seek the advice of your funding, tax or authorized advisor relating to your particular person circumstances earlier than investing.

Cautionary Be aware 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 info represent forward-looking statements as outlined underneath US federal securities legal guidelines. Ahead-looking statements contain various dangers and uncertainties. These dangers embrace, however usually are not 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 filings with the SEC, accessible at: 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 had been made. Kayne Anderson undertakes no obligation to publicly replace or revise any forward-looking statements made herein. There isn’t any assurance that the funding goals of the Fund shall be achieved.

Contact: Investor Relations at (877) 657-3863 or cef@kaynecapital.com



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