Kayne Anderson eyes private placement of convertible mandatory preferreds, straight notes

By Rebecca Melvin

New York, Feb. 17 - Kayne Anderson Energy Total Return Fund Inc. is evaluating private placement offerings of convertible mandatory preferred stock and senior unsecured notes, according to a news release.

Proceeds would be used to repay certain borrowings, to make new portfolio investments and for general corporate purposes.

Kayne Anderson is a Houston-based investment company focused primarily on the energy industry and energy-related U.S. and Canadian trusts.

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