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Kayne Anderson Energy Total Return Fund, Inc. Announces Its Net Asset Value at March 31, 2008


Kayne Anderson Energy Total Return Fund, Inc.

2008-04-01 15:41:00

Kayne Anderson Energy Total Return Fund, Inc. Announces Its Net Asset Value at March 31, 2008

LOS ANGELES, CA–( EMWNews – April 1, 2008) – Kayne Anderson Energy Total Return Fund,

Inc. (the “Fund”) (NYSE: KYE) today announced its net asset value as of

March 31, 2008.

As of close of business March 31, 2008, the Fund’s net assets were $907

million and its net asset value per share was $28.15 based on 32.2 million

shares outstanding.

As of March 31, 2008, equity and fixed income investments were 86% and 14%,

respectively, of the Fund’s long-term investments of $1.2 billion.

Long-term investments were comprised of MLPs and MLP Affiliates (43%),

Canadian Income Trusts (20%), Marine Energy Transportation (17%), Coal

Companies (4%) and U.S. Royalty Trusts and Other Energy Companies (16%).

The Fund’s ten largest holdings by issuer at March 31, 2008 were:

                                                                Percent of

                                        Units         Amount    Long-Term

                                    (in thousands) ($ millions) Investments

                                    -------------- ------------ -----------

1.  Kinder Morgan Management, LLC

     (MLP Affiliate)                         2,854        145.5       12.3%

2.  Plains All American Pipeline, L.P.

     (Pipeline MLP)                          1,387         65.9        5.6%

3.  Enterprise Products Partners L.P.

     (Pipeline MLP)                          1,573         46.7        3.9%

4.  Crescent Point Energy Trust

     (Canadian Royalty Trust)                1,325         36.9        3.1%

5.  Enbridge Energy Management, L.L.C.

     (MLP Affiliate)                           740         36.0        3.0%

6.  Enerplus Resources Fund

     (Canadian Royalty Trust)                  747         32.5        2.7%

7.  Quintana Maritime Limited

     (Marine Transportation)                 1,269         30.0        2.5%

8.  ARC Energy Trust (Canadian

     Royalty Trust)                          1,094         28.1        2.4%

9.  Eagle Bulk Shipping Inc. (Marine

     Transportation)                         1,050         27.0        2.3%

10. Penn West Energy Trust

     (Canadian Royalty Trust)                  877         24.6        2.1%

The Fund is a non-diversified, closed-end management investment company

registered under the Investment Company Act of 1940. The Fund’s investment

objective is to obtain a high total return with an emphasis on current

income by investing primarily in securities of companies engaged in the

energy industry, principally including publicly-traded energy-related

master limited partnerships and limited liability companies taxed as

partnerships and their affiliates, energy-related U.S. and Canadian royalty

trusts and income trusts 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.


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 materially differ from the

Fund’s historical experience and its present expectations or projections

indicated in any forward-looking statement. These risks include, but are

not limited to, changes in economic and political conditions; regulatory

and legal changes; energy industry risk; commodity pricing risk; leverage

risk; valuation risk; non-diversification 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 objectives will be attained.

KA Fund Advisors, LLC
Monique Vo

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