Kayne Anderson to redeem $60 million in series E preferreds

By Tanya Meyer

Chicago, Nov. 20 – Kayne Anderson MLP Investment Co. plans to redeem $60 million of its series E mandatory redeemable preferred shares on Dec. 21.

The outstanding series E preferred shares will be repaid at the liquidation preference of $25.00 per share plus accrued dividends at a 4.25% rate, according to a N-23C-2 filed Friday with the Securities and Exchange Commission.

Kayne Anderson MLP Investment is a Houston-based, closed-end fund that invests in energy-related securities.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.