Reported Late Monday, Kayne Anderson Energy Infrastructure Fund Disclosed That As Of February 29, 2024, Its Net Assets Amounted To $1.8b And Its Net Asset Value Was $10.69/Share
Portfolio Pulse from Benzinga Newsdesk
Kayne Anderson Energy Infrastructure Fund (KYN) reported its net assets as $1.8 billion and net asset value per share at $10.69 as of February 29, 2024. The asset coverage ratios under the 1940 Act for indebtedness and total leverage were 642% and 451%, respectively.
March 05, 2024 | 7:02 am
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POSITIVE IMPACT
Kayne Anderson Energy Infrastructure Fund (KYN) disclosed significant financial metrics including a net asset value per share of $10.69 and high asset coverage ratios.
The disclosure of KYN's net assets, net asset value per share, and particularly high asset coverage ratios could be perceived positively by investors. High asset coverage ratios indicate a strong financial position and ability to cover debt obligations, which could lead to increased investor confidence and potentially a positive impact on the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100