Kayne Anderson Midstream/Energy Fund’s summary unaudited statement of assets and liabilities showed net assets of $831 million and its net asset value per share was $37.55 as of February 28. The fund’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 477% and the fund’s asset coverage ratio with respect to total leverage (debt and preferred stock) was 374%.
As of February 28, 2014, equity and debt investments were 89% and 11%, respectively, of the fund’s long-term investments of $1.2 billion. Long-term investments were comprised of midstream company (43%), mlp and mlp affiliate (37%), other energy (7%), other (2%) and debt (11%).
Recommended Reading
SilverBow Gears Up for Proxy Fight with Kimmeridge
2024-04-09 - Both SilverBow Resources and Kimmeridge Energy Management have proposed a slate of candidates for the board of directors with a vote set for May 21.
Kimmeridge Withdraws SilverBow Deal to Focus on E&P’s ‘Broken’ Board
2024-04-16 - Investment firm Kimmeridge said it had withdrawn its offer to combine its Eagle Ford E&P with SilverBow Resources as it promotes a slate of independent directors for SilverBow’s board at the company’s May annual meeting.
Kimmeridge-SilverBow Public Feud Gets Ugly as Firm Suggests New Directors
2024-04-01 - Kimmeridge Energy Management said in a letter that should SilverBow continue to “stonewall” consideration of a merger offer, shareholders should elect three new independent board members.
Making Bank: Top 10 Oil and Gas Dealmakers in North America
2024-02-29 - MergerLinks ranks the key dealmakers behind the U.S. biggest M&A transactions of 2023.
Marketed: Paloma Natural Gas Eagle Ford Shale Opportunity in Frio County, Texas
2024-02-16 - Paloma Natural Gas has retained EnergyNet for the sale of a Eagle Ford/ Buda opportunity in Frio County, Texas.