Today techs Kayne Anderson Power Infrastructure Fund Broadcasts

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HOUSTON, Sept. 22, 2022 (GLOBE NEWSWIRE) — Kayne Anderson Power Infrastructure Fund, Inc. (the “Firm”) (NYSE: KYN) introduced today techs at this time a quarterly distribution of $0.20 per share for the fiscal quarter ended August 31, 2022. This distribution is payable to widespread stockholders on October 7, 2022 (as outlined within the desk under).

Ex-Date File Date Fee Date today techs vertical-align: bottom ; “>Distribution
Return of Capital
9/30/22 10/3/22 10/7/22 $0.20 0%

(1) In any given yr, the quantity of realized beneficial properties or losses on securities bought is usually the important thing driver figuring out the tax character of distributions. Through the third quarter of fiscal 2022, a major quantity of beneficial properties had been realized. Consequently, the Firm estimates that not one of the distributions paid in fiscal 2022 shall be handled as a return of capital for tax functions. This estimate relies on the Firm’s anticipated earnings and earnings. The ultimate willpower of the tax character of distributions won’t be determinable till after the tip of the fiscal yr and could differ considerably from this preliminary data.

The Firm expects its subsequent distribution to be declared in December 2022. Fee of future distributions is topic to the Board of Administrators’ approval, in addition to assembly the covenants of the Firm’s debt agreements and phrases of its most well-liked inventory.

Kayne Anderson Power Infrastructure Fund, Inc. (NYSE: KYN) is a non-diversified, closed-end administration funding firm registered beneath the Funding Firm Act of 1940, as amended, whose widespread inventory is traded on today techs the NYSE. The Firm’s funding goal is to offer a excessive after-tax complete return with an emphasis on making money distributions to stockholders. KYN intends to attain this goal by investing not less than 80% of its complete belongings in securities of Power Infrastructure Firms. See Glossary of Key Phrases within the Firm’s most up-to-date quarterly report for an outline of those funding classes and the that means of capitalized phrases.

The Firm pays money distributions to widespread stockholders at a fee that could be adjusted every now and then. Distribution quantities aren’t assured and should range relying on numerous elements, together with adjustments in portfolio holdings and market circumstances.

This press launch shall not represent a suggestion to promote or a solicitation to purchase, nor shall there be any sale of any securities in any jurisdiction wherein such supply or sale is just not permitted. Nothing contained on this press launch is meant to advocate any funding coverage or funding technique or contemplate any investor’s particular targets or circumstances. Earlier than investing, please seek the advice of along with your funding, tax, or authorized adviser relating to your particular person circumstances.

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 embody however aren’t restricted to adjustments in financial and political circumstances; regulatory and authorized adjustments; vitality trade danger; leverage danger; valuation danger; rate of interest danger; tax danger; and different dangers mentioned intimately within the Firm’s filings with the SEC, obtainable at or Precise occasions may differ materially from these statements or our current expectations or projections. You shouldn’t place undue reliance on these forward-looking statements, which converse 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 a assurance that the Firm’s funding targets today techs shall be today techs attained.

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