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March 29, 2015 9:33 PM ET

Capital Markets

Company Overview of Kayne Anderson Energy Development Company

Company Overview

Kayne Anderson Energy Development Company is a close-ended balanced mutual fund launched and managed by KA Fund Advisors, LLC. The fund is co-managed by Kayne Anderson Capital Advisors, L.P. It invests in public equity and fixed income markets of the United States. The fund also invests in private equity markets. It primarily invests in privately-held energy-related master limited partnerships, publicly-traded MLPs, and other energy companies. Kayne Anderson Energy Development Company was formed on May 24, 2006 and is domiciled in United States.

717 Texas Avenue

Suite 3100

Houston, TX 77002

United States

Founded in 2006

Key Executives for Kayne Anderson Energy Development Company

Chairman, Chief Executive Officer, President and Member of Valuation Committee
Age: 55
Chief Financial Officer, Principal Accounting Officer and Treasurer
Age: 45
Executive Vice President and Director
Age: 42
Senior Vice President
Age: 54
Secretary
Age: 54
Compensation as of Fiscal Year 2014.

Kayne Anderson Energy Development Company Key Developments

Kayne Anderson Energy Development Company Declares Distribution for the Quarter Ended November 30, 2014, Payable on January 30, 2015

Kayne Anderson Energy Development Company announced a quarterly distribution of $0.525 per share for the quarter ended November 30, 2014. This distribution represents an increase of 1.0% over the prior quarterly distribution and an increase of 5.0% over the same period last year. The distribution will be payable on January 30, 2015 to common stockholders of record on January 26, 2015, with an ex-dividend date of January 22, 2015.

Kayne Anderson Energy Development Company Announces Quarterly Distribution Payable on October 24, 2014

Kayne Anderson Energy Development Company announced a quarterly distribution of $0.52 per share for the quarter ended August 31, 2014. This distribution represents an increase of 1.0% over the prior quarterly distribution and an increase of 14.3% over the same period last year. The distribution will be payable on October 24, 2014 to common stockholders of record on October 17, 2014, with an ex-dividend date of October 15, 2014.

Kayne Anderson Energy Development Company Enters into $70 Million Term Loan and Extends Maturity of Revolving Credit Facility

Kayne Anderson Energy Development Company announced that it has entered into a $70 million secured term loan as part of an amendment to its existing secured credit facility. All of the proceeds from the Term Loan were used to partially repay amounts borrowed on the company's existing $120 million secured revolving credit facility. Outstanding loan balances on the Term Loan accrue interest daily at a rate equal to one-month LIBOR plus 1.35%. The interest rate of the Revolving Facility was unchanged at one-month LIBOR plus 1.60%. The Term Loan matures on August 28, 2018, and as part of the amendment to the Credit Facility, the maturity date of the Revolving Facility was extended to August 28, 2017. As of August 28, 2014, after giving effect to the partial repayment with proceeds from the Term Loan, the company had $43 million borrowed on its Revolving Facility and $77 million of undrawn capacity.

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