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Kayne Anderson MLP redeems $150 million series F, K preferreds
By Wendy Van Sickle
Columbus, Ohio, Feb. 11 – Kayne Anderson MLP Investment Co. redeemed all 5 million shares of its 3.5% series F mandatory redeemable preferred shares with a total liquidation preference of $125 million and all 1 million of its 3.37% series K mandatory redeemable preferred shares with a total liquidation preference of $25 million, according to a news release.
The redemptions were funded by proceeds of a previously announced private placement of $100 million of 3.38% series L preferreds due Feb. 11, 2027 and $75 million of 3.6% series M preferreds due Feb. 11, 2030.
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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