Kayne Anderson Energy Infrastructure Fund completes $15 million preferred share private placement
KYN•Kayne Anderson Energy Infrastructure Fund completed a $15 million private placement of Series Y mandatory redeemable preferred shares with a 5.7% dividend rate. The shares must be redeemed on December 1, 2031, and net proceeds will refinance existing leverage and fund general corporate purposes.
1. Placement terms
Kayne Anderson Energy Infrastructure Fund completed a $15 million private placement of Series Y mandatory redeemable preferred shares. The shares carry a 5.7% dividend rate and are subject to mandatory redemption on December 1, 2031. Net proceeds will be used to refinance existing leverage and for general corporate purposes.
