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HOUSTON, Dec. 02, 2022 (GLOBE NEWSWIRE) — Kayne Anderson NextGen Power & Infrastructure, Inc. (the “Fund”) (NYSE: KMF) at the moment offered a abstract unaudited assertion of belongings and liabilities and introduced its web asset worth and asset protection ratios beneath the Funding Firm Act of 1940 (the “1940 Act”) as of November 30, 2022.
As of November 30, 2022, the Fund’s web belongings have been $463.6 million and its web asset worth per share was $9.82. As of November 30, 2022, the Fund’s asset protection ratio beneath the 1940 Act with respect to senior securities representing indebtedness was 731% and the Fund’s asset protection ratio beneath the 1940 Act with respect to whole leverage (debt and most popular inventory) was 481%.
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Kayne Anderson NextGen Power & Infrastructure, Inc. |
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Assertion of Property and Liabilities |
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November 30, 2022 |
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(Unaudited) |
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(in tens of millions) |
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Investments |
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$ |
576.3 |
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Money and money equivalents |
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6.3 |
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Receivable for securities offered |
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2.4 |
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Accrued earnings |
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1.3 |
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Different belongings |
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0.6 |
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Complete belongings |
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586.9 |
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Notes |
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80.1 |
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Unamortized notes issuance prices |
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(0.1 |
) |
Most well-liked inventory |
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41.5 |
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Unamortized most popular inventory issuance prices |
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(0.5 |
) |
Complete leverage |
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121.0 |
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Different liabilities |
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2.3 |
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Web belongings |
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$ |
463.6 |
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The Fund had 47,197,462 frequent shares excellent as of November 30, 2022.
As of November 30, 2022, fairness and debt investments have been 99% and 1%, respectively, of the Fund’s long-term investments. Lengthy-term investments have been comprised of Midstream Firm (39%), Pure Gasoline & LNG Infrastructure Firm (27%), Renewable Infrastructure Firm (17%), Utility Firm (16%) and Debt (1%).
The Fund’s ten largest holdings by issuer at November 30, 2022 have been:
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Quantity |
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% of |
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1. |
Enterprise Merchandise Companions L.P. (Midstream Firm) |
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$43.0 |
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7.5 |
% |
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2. |
Targa Sources Corp. (Midstream Firm) |
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42.5 |
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7.4 |
% |
3. |
Cheniere Power, Inc. (Pure Gasoline & LNG Infrastructure Firm) |
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40.4 |
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7.0 |
% |
4. |
The Williams Firms, Inc. (Pure Gasoline & LNG Infrastructure Firm) |
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37.3 |
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6.5 |
% |
5. |
Power Switch LP (Midstream Firm) |
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33.2 |
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5.8 |
% |
6. |
Plains GP Holdings, L.P. ** (Midstream Firm) |
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30.4 |
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5.3 |
% |
7. |
MPLX LP (Midstream Firm) |
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27.7 |
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4.8 |
% |
8. |
DT Midstream, Inc. (Pure Gasoline & LNG Infrastructure Firm) |
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24.2 |
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4.2 |
% |
9. |
NextEra Power Companions, LP (Renewable Infrastructure Firm) |
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22.1 |
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3.8 |
% |
10. |
TC Power Company (Pure Gasoline & LNG Infrastructure Firm) |
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20.6 |
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3.6 |
% |
_________________
* |
Consists of possession of fairness and debt investments. |
** |
Consists of possession of Plains GP Holdings, L.P. (“PAGP”) and Plains AAP, L.P. (“PAGP-AAP”). |
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Portfolio holdings are topic to vary with out discover. The point out of particular securities will not be a suggestion or solicitation for any individual to purchase, promote or maintain any specific safety. You’ll be able to acquire a whole itemizing of holdings by viewing the Fund’s most up-to-date quarterly or annual report.
Kayne Anderson NextGen Power & Infrastructure, Inc. (NYSE: KMF) is a non-diversified, closed-end administration funding firm registered beneath the Funding Firm Act of 1940, as amended, whose frequent inventory is traded on the NYSE. The Fund’s funding goal is to offer a excessive stage of whole return with an emphasis on making money distributions to its stockholders. The Fund seeks to attain its funding goal by investing at the very least 80% of its whole belongings in securities of Power Firms and Infrastructure Firms. The Fund anticipates that almost all of its investments will encompass investments in ”NextGen” firms, which we outline as Power Firms and Infrastructure Firms which are meaningfully collaborating in, or benefitting from, the Power Transition. See Glossary of Key Phrases within the Fund’s most up-to-date quarterly report for an outline of those funding classes and the that means of capitalized phrases.
This press launch shall not represent a proposal to promote or a solicitation to purchase, nor shall there be any sale of any securities in any jurisdiction through which such supply or sale will not be permitted. Nothing contained on this press launch is meant to advocate any funding coverage or funding technique or have in mind the precise goals or circumstances of any investor. Please seek the advice of along with your funding, tax, or authorized adviser concerning your particular person circumstances previous to investing.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This communication comprises statements reflecting assumptions, expectations, projections, intentions, or beliefs about future occasions. These and different statements not relating strictly to historic or present info represent forward-looking statements as outlined beneath the U.S. federal securities legal guidelines. Ahead-looking statements contain quite a lot of dangers and uncertainties. These dangers embrace, however usually are not restricted to, modifications in financial and political circumstances; regulatory and authorized modifications; power business danger; leverage danger; valuation danger; rate of interest danger; tax danger; and different dangers mentioned intimately within the Fund’s filings with the SEC, out there at www.kaynefunds.com or www.sec.gov. Precise occasions may differ materially from these statements or from our current expectations or projections. You shouldn’t place undue reliance on these forward-looking statements, which communicate solely as of the date they’re made. Kayne Anderson undertakes no obligation to publicly replace or revise any forward-looking statements made herein. There isn’t any assurance that the Fund’s funding goals might be attained.
Contact: Investor Relations at (877) 657-3863 or cef@kaynecapital.com
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