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Kayne Anderson MLP to redeem $50 million of series G preferred shares
By Tali Rackner
Norfolk, Va., Aug. 26 – Kayne Anderson MLP Investment Co. will redeem $50 million of its series G mandatory redeemable preferred shares on Oct. 3, according to a Rule 23c-2 filing with the Securities and Exchange Commission.
The 2 million preferred shares will be redeemed at their $25 liquidation preference plus accrued dividends for a total redemption price of $50,012,777.78.
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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