September 19, 2017 6:52 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 and President
Age: 58
Co-Founding Partner, Executive Vice President, Assistant Treasurer and Assistant Secretary
Age: 49
Chief Financial Officer, Treasurer and Director
Age: 48
Executive Vice President and Director
Age: 45
Senior Vice President
Age: 57
Compensation as of Fiscal Year 2017.

Kayne Anderson Energy Development Company Key Developments

Kayne Anderson Energy Development Company Enters into $60 million Term Loan and $70 million Revolving Credit Facility

Kayne Anderson Energy Development Company announced that it has entered into a $60 million secured term loan (the Term Loan) and a $70 million secured revolving facility (the Revolving Credit Facility). The Term Loan has a four-year term, maturing on August 11, 2021, and the Revolving Credit Facility has a two-year commitment maturing on August 11, 2019. The Term Loan and Revolving Credit Facility replace the company’s $120 million revolving credit facility and $70 million term loan, which were set to mature on August 28, 2017 and August 28, 2018, respectively. The company will pay a fixed interest rate of 3.06% on $30 million of the Term Loan during the four-year term. The remaining $30 million of the Term Loan will accrue interest daily at a rate equal to LIBOR plus 1.40%. Outstanding loan balances on the Revolving Credit Facility will accrue interest daily at a rate equal to LIBOR plus 1.25%. The company will also pay a 0.30% commitment fee on any unused amounts under the Revolving Credit Facility.

Kayne Anderson Energy Development Company Announces Quarterly Distribution for the Quarter Ended May 31, 2017, Payable on July 14, 2017

Kayne Anderson Energy Development Company announced its quarterly distribution of $0.40 per share for the quarter ended May 31, 2017. The distribution will be payable on July 14, 2017 to common stockholders of record on July 10, 2017, with an ex-dividend date of July 6, 2017.

Kayne Anderson Energy Development Company, Kayne Anderson Midstream/Energy Fund, Inc., Annual General Meeting, Jun 29, 2017

Kayne Anderson Energy Development Company, Kayne Anderson Midstream/Energy Fund, Inc., Annual General Meeting, Jun 29, 2017, at 08:00 Central Standard Time. Location: Kayne Anderson 811 Main Street, 14 th Floor Houston Texas United States Agenda: To elect directors; to ratify PricewaterhouseCoopers LLP as independent registered public accounting firm for its fiscal year ending November 30, 2017; and to consider and take action upon such other business as may properly come before the meeting, including the adjournment or postponement thereof.

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