Kayne Anderson NextGen Energy & Infrastructure Provides Unaudited Balance Sheet Information And Announces Its Net Asset Value And Asset Coverage Ratios At September 30, 2023; Fund's Net Assets Were $389.9M And Its Net Asset Value Was $8.26/Share
Portfolio Pulse from Benzinga Newsdesk
Kayne Anderson NextGen Energy & Infrastructure (KMF) has announced its unaudited balance sheet information and net asset value as of September 30, 2023. The Fund's net assets were $389.9 million and its net asset value per share was $8.26. The Fund's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 804% and with respect to total leverage was 480%.
October 03, 2023 | 6:13 am
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POSITIVE IMPACT
Kayne Anderson NextGen Energy & Infrastructure (KMF) has reported strong asset coverage ratios and a healthy net asset value per share. This could potentially attract investors and positively impact the stock price.
The reported net assets and net asset value per share indicate a strong financial position for the fund. Additionally, the high asset coverage ratios suggest a low risk profile, which could make the fund more attractive to investors, potentially driving up the stock price.
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