Kayne Anderson MLP/Midstream Investment Company Provides an Update on its Balance Sheet
(WorldNews Politics)

Kayne Anderson MLP/Midstream Investment Company Provides an Update on its Balance Sheet Houston, TX - March 30, 2020 - Kayne Anderson MLP/Midstream Investment Company (NYSE: KYN) (the "Company") announced today an update on its balance sheet and leverage levels. As of March 27, 2020, the Company had $506 million of cash on its balance sheet, including cash it will receive by Tuesday for securities it has recently sold. The Company plans to prudently use its cash balance to reduce leverage levels over the next month in a way that minimizes prepayment penalties and maximizes shareholder value. Currently, the Company has $531 million of unsecured senior notes and $342 million of...