Kayne Anderson Energy Infrastructure Fund reported net asset value of $16.49 per share as of July 31, 2026, on net assets of $2.79 billion, according to the fund's unaudited monthly disclosure.
Net asset value, or NAV, is the value of a fund's assets minus its liabilities, divided by the shares outstanding. It is the reference point for closed-end funds, whose shares trade on an exchange and can change hands above or below that figure. The fund had 169,126,038 common shares outstanding at the end of July.
Total assets stood at $3.93 billion, of which $3.92 billion was investments. Cash and cash equivalents were $3.7 million.
On the liability side, total leverage came to $668.7 million: $450 million of notes, $153.6 million of preferred stock and $69 million drawn on the credit facility. The fund separately disclosed a deferred tax liability of $440.6 million, plus a net current tax liability of $12 million. Total liabilities were $476.9 million.
Asset coverage ratios, which the Investment Company Act of 1940 uses to cap how much a registered fund can borrow, were 667% for senior securities representing indebtedness and 515% for total leverage including preferred stock. The 1940 Act generally requires at least 300% coverage for debt and 200% for total leverage, so the reported figures leave the fund above both thresholds.
Portfolio concentration
The portfolio remains heavily weighted to pipeline and processing operators. Midstream energy companies accounted for 95% of long-term investments, power infrastructure for 3% and other holdings for 2%.
The ten largest positions by issuer represented roughly 73% of long-term investments:
- Energy Transfer LP — $388.2 million (9.9%)
- Enterprise Products Partners L.P. — $387.2 million (9.9%)
- Cheniere Energy — $377.9 million (9.6%)
- The Williams Companies — $355.8 million (9.1%)
- MPLX LP — $272.9 million (7.0%)
- ONEOK — $256.9 million (6.6%)
- Kinder Morgan — $218.4 million (5.6%)
- Targa Resources — $208.1 million (5.3%)
- TC Energy — $196.9 million (5.0%)
- Enbridge — $181.8 million (4.6%)
The fund noted that holdings are subject to change without notice.
Two related items came earlier. On July 30 the fund said it had completed a previously announced private placement of $50 million of notes. Separately, on August 3 it declared a monthly distribution of $0.09 per share for August 2026.
Kayne Anderson Energy Infrastructure Fund is a non-diversified, closed-end investment company listed on the New York Stock Exchange under the ticker KYN. It states that it invests at least 80% of total assets in securities of energy infrastructure companies, with an objective of high after-tax total return and an emphasis on cash distributions.
Source: GlobeNewswire - News about Public Companies
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