Kayne Anderson NextGen Energy & Infrastructure Announces Its Net Asset Value And Asset Coverage Ratios At August 31, 2023; Fund's Net Assets Were $412.1M And Its Net Asset Value Was $8.73/Share
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Kayne Anderson NextGen Energy & Infrastructure (KMF) announced its net asset value and asset coverage ratios at August 31, 2023. The Fund's net assets were $412.1 million and its net asset value per share was $8.73. The Fund's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 746% and with respect to total leverage (debt and preferred stock) was 469%.
September 06, 2023 | 6:17 am
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Kayne Anderson NextGen Energy & Infrastructure (KMF) reported strong asset coverage ratios and a net asset value per share of $8.73 as of August 31, 2023.
The announcement of strong asset coverage ratios and a healthy net asset value per share indicates a strong financial position for KMF. This could potentially attract more investors, leading to a positive impact on the stock price in the short term.
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