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Kayne Anderson MLP redeems $60 million of series E preferred shares
New York, Nov. 27 – Kayne Anderson MLP Investment Co. said it will redeem $60 million of its series E mandatory redeemable preferred shares on Dec. 21.
The issuer will pay the liquidation preference of $25.00 per share plus accrued dividends.
In total, Kayne Anderson MLP will redeem 2.4 million of the preferred shares, leaving 2.4 million outstanding.
Kayne Anderson MLP is a Houston-based closed-end investment company focused on energy-related master limited partnerships and their affiliates.
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