Reported Late Tuesday, The Kayne Anderson Energy Infrastructure Fund Disclosed That As Of December 31, 2023, Its Net Assets Amounted To $1.8B, And Its Net Asset Value Was $10.44 Per Share
Portfolio Pulse from Benzinga Newsdesk
The Kayne Anderson Energy Infrastructure Fund reported its financial status as of December 31, 2023, with net assets of $1.8 billion and a net asset value (NAV) per share of $10.44. The fund's asset coverage ratios were 652% for senior securities representing indebtedness and 452% for total leverage, including debt and preferred stock.
January 03, 2024 | 6:18 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Kayne Anderson Energy Infrastructure Fund (KYN) disclosed a NAV of $10.44 per share and high asset coverage ratios, indicating a strong financial position as of year-end 2023.
The reported net asset value and high asset coverage ratios are positive indicators of the fund's financial health, which could instill investor confidence and potentially lead to a short-term positive impact on KYN's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100