Kayne Anderson MLP to redeem $104 million series A preferreds in full

By Angela McDaniels

Tacoma, Wash., Oct. 18 – Kayne Anderson MLP Investment Co. will redeem its $104 million of series A mandatory redeemable preferred shares on Nov. 9, according to an N-23C-2 filing with the Securities and Exchange Commission.

For each of the 4.16 million preferreds, the issuer will pay the liquidation preference of $25.00 plus accrued dividends.

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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