Kayne Anderson MLP Investment Company Announces 4M Shares Offering
HOUSTON--(BUSINESS WIRE)--Kayne Anderson MLP Investment Company (NYSE: KYN) announced that it has commenced a public offering of 4,000,000 shares of its common stock. The Company also intends to grant the underwriters a 45-day option to purchase up to 600,000 additional shares to cover over-allotments, if any. Net proceeds from the offering will be used to make additional portfolio investments that are consistent with the Company’s investment objective and policies and for general corporate purposes.
Citigroup, Morgan Stanley and UBS Investment Bank are acting as joint book-running managers.
An investor should read the Company’s preliminary prospectus supplement and the base prospectus carefully before investing. The preliminary prospectus supplement and the base prospectus contain important information about the Company and its investment objective and policies, risks, charges and expenses.
Kayne Anderson MLP Investment Company is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940, whose common stock is traded on the New York Stock Exchange. The Company's investment objective is to obtain a high after-tax total return by investing at least 85% of its total assets in energy-related master limited partnerships and their affiliates, and in other companies that, as their principal business, operate assets used in the gathering, transporting, processing, storing, refining, distributing, mining or marketing of natural gas, natural gas liquids, crude oil, refined petroleum products or coal.