Kayne Anderson calls series D preferreds for redemption on May 28

By Jennifer Chiou

New York, May 7 - Kayne Anderson MLP Investment Co. gave notice via the Securities and Exchange Commission that it will redeem its $75 million of series D auction-rate preferred stock on May 28.

The Houston investment company said that proceeds from its recent private placements of $110 million of senior unsecured notes and $110 million of mandatory redeemable preferreds will be used for the redemption.

Remaining proceeds were slated to be used to repay borrowings under Kayne Anderson's revolving credit facility and for general corporate purposes. Closing occurred on Friday.

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