Kayne Anderson NextGen Energy & Infrastructure Announces Strong Financial Results for Q3 2023

Kayne Anderson NextGen Energy & Infrastructure, Inc. (NYSE:KMF) has reported impressive financial results for the third quarter of 2023. The company, a non-diversified, closed-end management investment company, registered under the Investment Company Act of 1940, has demonstrated its commitment to providing a high level of total return to its stockholders.

As of September 30, 2023, the Fund’s net assets stood at $389.9 million, with a net asset value per share of $8.26. These figures highlight the Fund’s strong financial position and its ability to generate value for its investors.

The Fund’s asset coverage ratios under the Investment Company Act of 1940 also reflect its robust financial health. The asset coverage ratio for senior securities representing indebtedness was an impressive 804%, while the asset coverage ratio for total leverage (debt and preferred stock) was 480%.

Kayne Anderson NextGen Energy & Infrastructure, Inc. focuses on investing at least 80% of its total assets in securities of Energy Companies and Infrastructure Companies. The company’s long-term investments are diversified across various sectors, including Midstream Company, Natural Gas & LNG Infrastructure Company, Renewable Infrastructure Company, Utility Company, and Other Energy.

Investors can find a complete listing of the Fund’s holdings in its most recent quarterly or annual report. It’s important to note that the mention of specific securities in this press release is not a recommendation or solicitation to buy, sell, or hold any particular security.

Kayne Anderson NextGen Energy & Infrastructure, Inc. continues to prioritize its investment objective of providing a high level of total return to its stockholders. The company’s emphasis on cash distributions and its focus on NextGen companies participating in the Energy Transition position it well for future growth and success.

For more information, investors can contact the Investor Relations team at (877) 657-3863 or cef@kaynecapital.com.

About Kayne Anderson NextGen Energy & Infrastructure, Inc.:
Kayne Anderson NextGen Energy & Infrastructure, Inc. is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940. Its common stock is traded on the NYSE. The company’s investment objective is to provide a high level of total return, with a focus on cash distributions to its stockholders.