Ru Back Packer

Quotes delayed 20 minutes



If the video does not load after a few moments, Upgrade to the Latest Flash Player.
Free Preferred Stock Newsletter
Gain access to weekly reports with featured preferred stock screens, new preferred stock offerings, and more.

Slideshow Preferred Stock Offerings

By Ru Back Packer Staff, updated Thursday, February 1, 4:51 AM

Slide #289. Kayne Anderson MLP Investment Company Preferred Stock Offering

Company: Kayne Anderson MLP Investment Company (NYSE:KYN)
Date announced: 9/9/2013
Shares Offered: 2,000,000
Price Per Share: $25
Preferred Stock Offering Details: Kayne Anderson MLP Investment Company (the "Company") (NYSE:KYN) announced the pricing of a public offering of preferred stock. The Company agreed to sell 2,000,000 shares of Series G Mandatory Redeemable Preferred Shares ("Series G MRP Shares") at a price of $25.00 per share. The Series G MRP Shares will pay cash dividends on a monthly basis at a rate of 4.60% per annum and will have a mandatory redemption date of October 1, 2021. The Company plans to use the net proceeds from the offering of approximately $48.7 million to make investments in portfolio companies in accordance with its investment objective and policies, to repay indebtedness and for general corporate purposes. The offering is scheduled to close on September 16, 2013.

Kayne Anderson MLP Investment is a non-diversified, closed-end management investment company. The Fund's investment objective is to obtain a high after-tax total return by investing at least 85% of its total assets in energy-related master limited partnerships (“MLPs”) and their affiliates, and in other companies that, as their principal business, operate assets used in the gathering, transporting, processing, storing, refining, distributing, mining or marketing of natural gas, natural gas liquids, crude oil, refined petroleum products or coal. As of Nov 30 2016, the Fund had total assets of $3,923,551,000 and investment portfolio of $3,871,555,000.

Preferreds: KYN.PRE, KYN.PRD, KYN.PRF, KYN.PRG


Open the KYN Page at Ru Back Packer »

Name: Kayne Anderson MLP Investment Co
Website: kaynefunds.com
Sector: Investment Companies & Venture Capital

Open the KYN Page at Ru Back Packer (in a new window) »

Top Ten Highest Yielding Preferred Stocks
Feel-Good Income: Socially Responsible Preferreds
Dividend Channel's 25 S.A.F.E. Dividend Stocks
Increasing Payments For Decades

Safer than S.A.F.E: Preferreds of Dividend Channel's
S.A.F.E. Dividend Stocks

Recent Preferred Stock Offerings
Preferred Stocks of Dow Components
Preferred Stocks of S&P 500 Components
Preferred Stocks By Industry
Preferred Stocks Where Insiders Are Buying The Common
High Yield Preferred Stocks
Preferreds Trading At Premiums To Liquidation Preference
Preferreds Trading At Discounts To Liquidation Preference

The Top 10 DividendRank'ed Canadian Stocks
Top 25 Broker Analyst Picks of the S&P 500

Preferred Stock Offerings - Slide 289 of 414 | rubackpacker.com | Copyright © 2011 - 2018, All Rights Reserved