Fitch: Kayne Anderson notes AAA, preferreds AA

Fitch Ratings said it expects to rate Kayne Anderson Energy Total Return Fund, Inc.'s $30 million three-month Libor plus 145 basis points series F senior notes due May 2016, $20 million of 3.71% series G senior notes due May 2016 and $10 million of 4.38% series H senior notes due May 2018 at AAA and its $30 million of 5.13% series B mandatory redeemable preferred stock due May 2018 at AA.

Fitch also expects to rate Kayne Anderson MLP Investment Co.'s $60 million of series U senior floating-rate three-month Libor plus 145 basis points notes due May 2016, $65 million of series V 3.71% senior notes due May 2016 and $100 million of series W 4.38% senior notes due May 2018 at AAA.

The expected ratings are based on sufficient asset coverage to be provided to the senior notes and to MRPS by the fund's portfolio, mandatory de-leveraging provisions, the legal and regulatory parameters that govern the fund's operations and the capabilities of KA Fund Advisors, LLC as investment advisor, the agency said.

The proceeds from the sale of the securities will be used to repay borrowings under the fund's revolving credit facility, to make new portfolio investments and for general corporate purposes.

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