Private Placement Calendar

Upcoming Closings

April 30

KAYNE ANDERSON MIDSTREAM ENERGY FUND:

• $30 million of unsecured notes, series E;

• $40 million of mandatory redeemable preferred shares, series C;

• Proceeds to refinance existing debt, to make new portfolio investments and for general corporate purposes;

• Houston-based non-diversified, closed-end management company.

KAYNE ANDERSON MLP INVESTMENT CO.:

• $80 million of 3.93% series II notes due 2024;

• $50 million of 4.06% series H mandatory redeemable preferred shares due 2021;

• Proceeds to refinance existing debt, to make new portfolio investments and for general corporate purposes;

• Houston-based non-diversified, closed-end management company.

May 15

CHESAPEAKE UTILITIES CORP.:

• $50 million of 3.88% senior notes, series B, due May 15, 2029;

• $5 million annual principal payments due beginning May 15, 2020;

• Prepayable in whole or in part at any time upon payment of a prepayment premium;

• Proceeds to reduce short-term borrowings under the company's lines of credit and to fund capital expenditures;

• Dover, Del.-based diversified utility company.

June 30

FORTIS INC.:

• $213 million of senior notes priced on March 28;

• Weighted average term to maturity of about 11 years;

• Weighted average coupon of 3.85%;

• Via Wells Fargo Securities, LLC and Morgan Stanley & Co. LLC as joint placement agents;

• Proceeds to refinance debt, including the $150 million of 5.74% senior notes maturing on Oct. 30, 2014 and C$125 million of 5.56% debentures of a subsidiary maturing on Sept. 15, 2014, and for general corporate purposes, including the repayment of U.S.-dollar drawings on the company's committed credit facility;

• St. John's, Newfoundland-based investor-owned gas and electric distributor.

PRIMARY HEALTH PROPERTIES LLC subsidiary PHP Bond Finance plc:

• £10,000,200 portion of £70 million placement of floating-rate secured bonds due 2025;

• Interest rate is Libor plus 220 bps;

• Via arranger Debt Capital Markets LLP;

• £59,999,800 portion of placement settled Nov. 4;

• Proceeds to be used to maintain and develop property and/or to repay debt;

• London-based provider of primary health-care facilities.

June

HAMMERSON PLC:

• Two tranches of fixed-rate seven-, 10- and 12-year notes totaling $443 million with nine U.S. institutions;

• Notes are denominated in dollars, British pounds sterling and euros, with the dollar portion being swapped to fixed euro;

• Weighted average coupon is 3.6%;

• Weighted average maturity is nine years;

• The equivalent nominal value is £277 million;

• BofA Merrill Lynch, JPMorgan and Barclays are the agents;

• Proceeds will be used to partly refinance upcoming bond maturities including €480 million of 4.875% eurobonds due 2015;

• London-based real estate investment trust.

Second quarter

AUTOLIV, INC.:

• $208 million of 2.84% five-year notes;

• $275 million of 3.51% seven-year notes;

• $297 million of 4.09% 10-year notes;

• $285 million of 4.24% 12-year notes;

• $185 million of 4.44% 15-year notes;

• Proceeds to refinance existing debt and for general corporate purposes;

• Stockholm-based automotive safety systems supplier.

July 1

STAG INDUSTRIAL, INC.:

• $50 million of 4.98% 12-year senior notes;

• Boston-based real estate company.

July 30

KAYNE ANDERSON MLP INVESTMENT CO.:

• $30 million of 2.88% series JJ notes due 2019;

• $30 million of 3.46% series KK notes due 2021;

• Proceeds to refinance existing debt, to make new portfolio investments and for general corporate purposes;

• Houston-based non-diversified, closed-end management company.

August 5

SAN JOSE WATER CO.:

• $50 million of 5.14% senior notes, series L, due 2044;

• Purchasers are John Hancock Life Insurance Co. (U.S.A.) and John Hancock Life Insurance Co. of New York;

• The notes have a make-whole call at Treasuries plus 50 basis points;

• A wholly owned subsidiary of SJW Corp., an investor-owned public utility based in San Jose, Calif.

September 15

FORTIS INC.:

• $287 million of senior notes priced on March 28;

• Weighted average term to maturity of about 11 years;

• Weighted average coupon rate of 3.85%;

• Via Wells Fargo Securities, LLC and Morgan Stanley & Co. LLC as joint placement agents;

• Proceeds to refinance debt, including the $150 million of 5.74% senior notes maturing on Oct. 30, 2014 and C$125 million of 5.56% debentures of a subsidiary maturing on Sept. 15, 2014, and for general corporate purposes, including the repayment of U.S.-dollar drawings on the company's committed credit facility;

• St. John's, Newfoundland-based investor-owned gas and electric distributor.

October 1

STAG INDUSTRIAL, INC.:

• $50 million of 4.98% 10-year senior notes;

• Boston-based real estate company.

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