Kayne Anderson Energy Total Return Fund Announces Distribution of $0.25 per Share for Q1 2018
March 29 2018 - 4:34PM
Kayne Anderson Energy Total Return Fund, Inc. (the “Fund”)
(NYSE:KYE) announced today its quarterly distribution of $0.25 per
share for the quarter ended February 28, 2018. The distribution
will be payable on April 20, 2018 to common stockholders of record
on April 13, 2018, with an ex-dividend date of April 12, 2018.
The Fund estimates that 100% of this distribution will be
treated as a return of capital for tax purposes. This estimate is
based on the Fund’s anticipated earnings and profits for fiscal
2018 and its accumulated earnings and profits as of November 30,
2017. The Fund’s estimate does not include a projection of gains
and losses on the sale of securities for the remainder of fiscal
2018. The final determination of the tax character of the
distribution will be made in early 2019 when the Fund can determine
its actual earnings and profits for the full year (including gains
and losses on sales of securities during fiscal 2018) and may
differ substantially from this preliminary information.
Kayne Anderson Energy Total Return Fund, Inc. is a
non-diversified, closed-end management investment company
registered under the Investment Company Act of 1940 whose common
stock is traded on the NYSE. The Fund’s investment objective is to
obtain a high total return with an emphasis on current income. The
Fund intends to achieve this investment objective by investing in a
portfolio of companies in the energy sector, principally including
publicly-traded energy-related master limited partnerships and
limited liability companies taxed as partnerships and their
affiliates, and other companies that derive at least 50% of their
revenues from operating assets used in, or providing energy-related
services for, the exploration, development, production, gathering,
transportation, processing, storing, refining, distribution, mining
or marketing of natural gas, natural gas liquids (including
propane), crude oil, refined petroleum products or coal.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press
release contains "forward-looking statements" as defined under the
U.S. federal securities laws. Generally, the words "believe,"
"expect," "intend," "estimate," "anticipate," "project," "will" and
similar expressions identify forward-looking statements, which
generally are not historical in nature. Forward-looking statements
are subject to certain risks and uncertainties that could cause
actual results to differ from the Fund’s historical experience and
its present expectations or projections indicated in any
forward-looking statements. These risks include, but are not
limited to, changes in economic and political conditions;
regulatory and legal changes; MLP industry risk; leverage risk;
valuation risk; interest rate risk; tax risk; and other risks
discussed in the Fund’s filings with the SEC. You should not place
undue reliance on forward-looking statements, which speak only as
of the date they are made. The Fund undertakes no obligation to
publicly update or revise any forward-looking statements made
herein. There is no assurance that the Fund’s investment objective
will be attained.
Contact:
KA Fund Advisors, LLC 877-657-3863http://www.kaynefunds.com/
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