Kayne Anderson MLP to redeem $30 million series B preferreds in full

By Wendy Van Sickle

Columbus, Ohio, Nov. 8 – Kayne Anderson MLP Investment Co. will redeem its $30 million of series B mandatory redeemable preferred shares on Dec. 8, according to an N-23C-2 filing with the Securities and Exchange Commission.

For each of the 1.2 million preferreds, the issuer will pay the liquidation preference of $25.00 plus accrued dividends of $0.0249375.

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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