Key Details
Last Dividend
$0.16Annual ROE
16.83%Beta
-Events Calendar
Next earnings date:
N/ARecent quarterly earnings:
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Sept 29, 2023Next split:
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Master limited partnerships, or MLPs, have been popular investments for high income, but they have tax and diversification challenges. Investing in a closed-end fund specializing in MLPs can provide tax advantages and diversification, with potential for higher yields. The Kayne Anderson NextGen Energy & Infrastructure closed-end fund focuses on renewable energy and traditional midstream MLPs, but has underperformed and struggled to cover its distributions.
The KMF fund is marketed as a 'NextGen' energy infrastructure fund. However, management is now proposing a merger into a 'vanilla' energy infrastructure fund.
Kayne Anderson Energy Infrastructure Fund, KYN, and Kayne Anderson NextGen Energy & Infrastructure, KMF, have proposed a merger. The merger requires shareholder approvals.
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