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HOUSTON, Dec. 14, 2022 (GLOBE NEWSWIRE) — Kaine Anderson Energy Infrastructure Fund, Inc. (“Company&CloseCurliDoubleQuote;) (NISE: KIN) today announced a quarterly distribution of $0.20 per share for fiscal 2020-22. This distribution is payable to shareholders of common stock on January 11, 2023 (as set forth in the table below).
| Ex-Date | Date of recording | date of payment | Distribution Amount |
Return of capital Assessment(1) |
| 1/3/23 | 1/4/23 | 1/11/23 | $0.20 | 20% |
(1) This the estimate is based on Company&CloseCurliQuote;s provided for earnings and profits. Final determination of the tax nature of distributions it will not be possible to determine until the end of the fiscal year and may differ significantly from this preliminary information.
Kaine Anderson Energy Infrastructure Fund, Inc. (NISE: KIN) is a non-diversified closed-end investment company registered under the Investment Company Act of 1940, as amended, whose common stock is traded on the NISE. The investment objective of the company&CloseCurliQuote is to provide a high total return after tax with an emphasis on the distribution of cash to shareholders. KIN intends to achieve this goal by investing at least 80% of its total assets in the securities of energy infrastructure companies. See the Glossary of Key Terms in the Company&CloseCurliQuote’s latest quarterly report for a description of these investment categories and the meaning of capitalized terms.
The Company pays cash distributions to shareholders of common stock at a rate that may be adjusted from time to time. Distribution amounts are not guaranteed and may vary depending on a number of factors, including changes in the portfolio and market conditions.
This press release will not constitute an offer to sell or an invitation to buy, nor will there be any sale of any securities in any jurisdiction in which such an offer or sale is not permitted. Nothing contained in this press release is intended to recommend any investment policy or investment strategy or to take into account the specific objectives or circumstances of investors&CloseCurliQuotes. Before investing, consult your investment, tax or legal advisor regarding your individual circumstances.
WARNING REGARDING FORWARD-LOOKING STATEMENTS: This communication contains statements that reflect assumptions, expectations, projections, intentions or beliefs about future events. These and other statements that do not relate strictly to historical or current facts constitute forward-looking statements as defined in the US federal securities laws. Forward-looking statements involve a number of risks and uncertainties. These risks include, but are not limited to, changes in economic and political conditions; regulatory and legal changes; energy industry risk; leverage risk; valuation risk; interest rate risk; tax risk; and other risks discussed in detail in the Company’s filings with the SEC, available at www.kainefunds.com or www.sec.gov. Actual events may differ materially from these statements or our current expectations or projections. Undue reliance should not be placed on these forward-looking statements, which speak only as of the date they are made. Kane Anderson undertakes no obligation to publicly update or revise any forward-looking statements made herein. There is no guarantee that the investment objectives of the Company&CloseCurliQuote will be achieved.
Contact: Investor Relations at 877-657-3863 or cef@kainecapital.com
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