Latest news with #InvestmentCompanyActof1940
Yahoo
5 hours ago
- Business
- Yahoo
Kayne Anderson Energy Infrastructure Fund Provides Unaudited Balance Sheet Information and Announces Its Net Asset Value and Asset Coverage Ratios as of May 31, 2025
HOUSTON, June 03, 2025 (GLOBE NEWSWIRE) -- Kayne Anderson Energy Infrastructure Fund, Inc. (the 'Company') (NYSE: KYN) today provided a summary unaudited statement of assets and liabilities and announced its net asset value and asset coverage ratios under the Investment Company Act of 1940 (the '1940 Act') as of May 31, 2025. As of May 31, 2025, the Company's net assets were $2.3 billion, and its net asset value per share was $13.79. As of May 31, 2025, the Company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 740% and the Company's asset coverage ratio under the 1940 Act with respect to total leverage (debt and preferred stock) was 530%. STATEMENT OF ASSETS AND LIABILITIESMAY 31, 2025 // (UNAUDITED) (in millions) Investments $ 3,184.4 Cash and cash equivalents 12.1 Receivable for securities sold 2.8 Accrued income 1.6 Other assets 1.0 Total assets 3,201.9 Notes 388.2 Unamortized notes issuance costs (2.5 ) Preferred stock 153.6 Unamortized preferred stock issuance costs (1.2 ) Total leverage 538.1 Payable for capital shares purchased 2.6 Other liabilities 19.8 Current tax liability, net 12.6 Deferred tax liability, net 297.1 Total liabilities 332.1 Net assets $ 2,331.7 The Company had 169,126,038 common shares outstanding as of May 31, 2025. Long-term investments were comprised of Midstream Energy Companies (94%), Other (4%) and Utility Companies (2%). The Company's ten largest holdings by issuer at May 31, 2025 were: Amount(in millions) % Long Term Investments 1. The Williams Companies, Inc. (Midstream Energy Company) $ 359.7 11.3% 2. Energy Transfer LP (Midstream Energy Company) 319.4 10.0% 3. Enterprise Products Partners L.P. (Midstream Energy Company) 313.6 9.8% 4. MPLX LP (Midstream Energy Company) 308.6 9.7% 5. Cheniere Energy, Inc. (Midstream Energy Company) 266.9 8.4% 6. Kinder Morgan, Inc. (Midstream Energy Company) 215.4 6.8% 7. ONEOK, Inc. (Midstream Energy Company) 186.4 5.9% 8. TC Energy Corporation (Midstream Energy Company) 167.7 5.3% 9. Targa Resources Corp. (Midstream Energy Company) 152.5 4.8% 10. Western Midstream Partners, LP (Midstream Energy Company) 120.6 3.8% Portfolio holdings are subject to change without notice. The mention of specific securities is not a recommendation or solicitation for any person to buy, sell or hold any particular security. You can obtain a complete listing of holdings by viewing the Company's most recent quarterly or annual report. Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940, as amended, whose common stock is traded on the NYSE. The Company's investment objective is to provide a high after-tax total return with an emphasis on making cash distributions to stockholders. KYN intends to achieve this objective by investing at least 80% of its total assets in securities of Energy Infrastructure Companies. See Glossary of Key Terms in the Company's most recent quarterly or annual report for a description of these investment categories and the meaning of capitalized terms. This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of any securities in any jurisdiction in which such offer or sale is not permitted. Nothing contained in this press release is intended to recommend any investment policy or investment strategy or consider any investor's specific objectives or circumstances. Before investing, please consult with your investment, tax, or legal adviser regarding your individual circumstances. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This communication contains statements reflecting assumptions, expectations, projections, intentions, or beliefs about future events. These and other statements not relating strictly to historical or current facts constitute forward-looking statements as defined under the U.S. federal securities laws. Forward-looking statements involve a variety of risks and uncertainties. These risks include but are not limited to changes in economic and political conditions; regulatory and legal changes; energy industry risk; leverage risk; valuation risk; interest rate risk; tax risk; and other risks discussed in detail in the Company's filings with the SEC, available at or Actual events could differ materially from these statements or our present expectations or projections. You should not place undue reliance on these forward-looking statements, which speak only as of the date they are made. Kayne Anderson undertakes no obligation to publicly update or revise any forward-looking statements made herein. There is no assurance that the Company's investment objectives will be attained. Contact investor relations at 877-657-3863 or cef@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
Calamos Investments Closed-End Funds (NASDAQ: CHI, CHY, CSQ, CGO, CHW, CCD and CPZ) Announce Monthly Distributions and Required Notifications of Sources of Distribution
METRO CHICAGO, Ill., June 2, 2025 /PRNewswire/ -- Calamos Investments®* has announced monthly distributions and sources of distributions paid in June 2025 to shareholders of its seven closed-end funds (the Funds) pursuant to the Funds' respective distribution plans. Fund Distribution Payable date Record date Ex-dividend dateCHI (inception 06/26/2002)Calamos Convertible Opportunities and Income Fund $0.0950 6/20/25 6/12/25 6/12/25CHY (inception 05/28/2003)Calamos Convertible and High Income Fund $0.1000 6/20/25 6/12/25 6/12/25CSQ (inception 03/26/2004)Calamos Strategic Total Return Fund $0.1025 6/20/25 6/12/25 6/12/25CGO (inception 10/27/2005)Calamos Global Total Return Fund $0.0800 6/20/25 6/12/25 6/12/25CHW (inception 06/27/2007)Calamos Global Dynamic Income Fund $0.0500 6/20/25 6/12/25 6/12/25CCD (inception 03/27/2015)Calamos Dynamic Convertible and Income Fund $0.1950 6/20/25 6/12/25 6/12/25 CPZ (inception 11/29/2019)Calamos Long/Short Equity & Dynamic Income Trust $0.1400 6/20/25 6/12/25 6/12/25 The following table provides estimates of Calamos Global Total Return Fund's, Calamos Global Dynamic Income Fund's, Calamos Dynamic Convertible and Income Fund's, Calamos Convertible Opportunities and Income Fund's, and Calamos Convertible and High Income Fund's distribution sources, reflecting YTD cumulative experience. The Funds attribute these estimates equally to each regular distribution throughout the year. Distribution Components for June 2025's Payable Date CGO CHW CCD CHI CHYOrdinary Income $0.0000 $0.0000 $0.0000 $0.0000 $0.0000Short-Term Capital Gains $0.0800 $0.0500 $0.0000 $0.0000 $0.0000Long-Term Capital Gains $0.0000 $0.0000 $0.0000 $0.0000 $0.0000Return of Capital $0.0000 $0.0000 $0.1950 $0.0950 $0.1000Total Distribution (Level Rate) $0.0800 $0.0500 $0.1950 $0.0950 $0.1000 2025 Fiscal YTD Data CGO CHW CCD CHI CHYOrdinary Income $0.0000 $0.0000 $0.0000 $0.0000 $0.0000Short-Term Capital Gains $0.6400 $0.4000 $0.1950 $0.0950 $0.1000Long-Term Capital Gains $0.0000 $0.0000 $0.0000 $0.0000 $0.0000Return of Capital $0.0000 $0.0000 $1.3650 $0.6650 $0.7000Total Fiscal YTD Distribution (Level Rate) $0.6400 $0.4000 $1.5600 $0.7600 $0.8000Regarding Calamos' remaining two closed-end funds, which operate under a managed distribution policy: The information below is required by an exemptive order granted to the Funds by the US Securities and Exchange Commission and includes the information sent to shareholders regarding the sources of the Funds' distributions. The following table sets forth the estimated amount of the sources of distribution for purposes of Section 19 of the Investment Company Act of 1940, as amended, and the related rules adopted thereunder. The Funds estimate the following percentages, of their respective total distribution amount per common share, attributable to (i) current and prior fiscal year net investment income, (ii) net realized short-term capital gain, (iii) net realized longterm capital gain and (iv) return of capital or other capital source as a percentage of the total distribution amount. These percentages are disclosed for the current distribution as well as the fiscal YTD cumulative distribution amount per common share for the Funds. The following table provides estimates of each Fund's distribution sources, reflecting YTD cumulative experience. The Funds attribute these estimates equally to each regular distribution throughout the year. Estimated Per Share Sources of DistributionEstimated Percentage of Distribution Per ShareNet Short-Term Long-Term Return ofNet Short-Term Long-Term Return of FundDistributionIncome Gains Gains CapitalIncome Gains Gains Capital CSQ Current Month 0.1025- - - 0.10250.0 % 0.0 % 0.0 % 100.0 %Fiscal YTD 0.8200- 0.1025 0.0937 0.62380.0 % 12.5 % 11.4 % 76.1 %Net Asset Value 17.62 CPZ Current Month 0.1400- 0.1400 - -0.0 % 100.0 % 0.0 % 0.0 %Fiscal YTD 1.31590.1815 1.1344 - -13.8 % 86.2 % 0.0 % 0.0 %Net Asset Value 17.36 Note: NAV returns are as of May 31, 2025, and Distribution Returns include the distribution announced today. You should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's plan. If the Fund(s) estimate(s) that it has distributed more than its income and capital gains, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with 'yield' or 'income'. The amounts and sources of distributions reported in this 19(a) notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for accounting and tax purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099 DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes. Return figures provided below are based on the change in the Fund's Net Asset Value per share ("NAV"), compared to the annualized distribution rate for this current distribution as a percentage of the NAV on the last day of the month prior to distribution record date. Annualized Fund5-Year Fiscal YTD Fiscal YTD Fiscal YTD NAV Return NAV Dist Rate NAV Return NAV Dist Rate CSQ16.04 % 6.98 % 4.64 % 4.65 % CPZ9.75 % 11.37 % 6.81 % 7.58 % Note: NAV returns are as of May 31, 2025, and Distribution Returns include the distribution announced today. While the NAV performance may be indicative of the Fund's investment performance, it does not measure the value of a shareholder's investment in the Fund. The value of a shareholder's investment in the Fund is determined by the Fund's market price, which is based on the supply and demand for the Fund's shares in the open market. Past performance does not guarantee future results. Monthly distributions offer shareholders the opportunity to accumulate more shares in a fund via the automatic dividend reinvestment plan. For example, if a fund's shares are trading at a premium, distributions will be automatically reinvested through the plan at NAV or 95% of the market price, whichever is greater; if shares are trading at a discount, distributions will be reinvested at the market price through an open market purchase program. Thus, the plan offers current shareholders an efficient method of accumulating additional shares with a potential for cost savings. Please see the dividend reinvestment plan for more information. Important Notes about Performance and RiskPast performance is no guarantee of future results. As with other investments, market price will fluctuate with the market and upon sale, your shares may have a market price that is above or below net asset value and may be worth more or less than your original investment. Returns at NAV reflect the deduction of the Fund's management fee, debt leverage costs and other expenses. You can purchase or sell common shares daily. Like any other stock, market price will fluctuate with the market. Upon sale, your shares may have a market price that is above or below net asset value and may be worth more or less than your original investment. Shares of closed-end funds frequently trade at a discount which is a market price that is below their net asset value. About CalamosCalamos Investments is a diversified global investment firm offering innovative investment strategies including alternatives, multi-asset, convertible, fixed income, equity, and sustainable equity. The firm offers strategies through separately managed portfolios, mutual funds, closed-end funds, private funds, an interval fund, ETFs, and UCITS funds. Clients include major corporations, pension funds, endowments, foundations and individuals, as well as the financial advisors and consultants who serve them. Headquartered in the Chicago metropolitan area, the firm also has offices in New York City, San Francisco, Milwaukee, Portland (Oregon), and the Miami area. For more information, please visit us on LinkedIn, on Twitter @Calamos, Instagram @calamos_investments, or at *Calamos Investments LLC, referred to herein as Calamos Investments® , is a financial services company offering such services through its subsidiaries: Calamos Advisors LLC, Calamos Wealth Management LLC, Calamos Investments LLP and Calamos Financial Services LLC. View original content: SOURCE Calamos Investments Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
a day ago
- Business
- Business Wire
Angel Oak Financial Strategies Income Term Trust Declares June 2025 Distribution
ATLANTA--(BUSINESS WIRE)-- The Fund seeks to pay a distribution at a rate that reflects net investment income actually earned. A portion of each distribution may be treated as paid from sources other than net investment income, including but not limited to short-term capital gain, long-term capital gain, or return of capital. As required by Section 19(a) of the Investment Company Act of 1940, a notice will be distributed to shareholders in the event that a portion of a monthly distribution is derived from sources other than undistributed net investment income. The final determination of the source and tax characteristics of these distributions will depend upon the Fund's investment experience during its fiscal year and will be made after the Fund's year end. The Fund will send to investors a Form 1099-DIV for the calendar year that will define how to report these distributions for federal income tax purposes. Angel Oak does not provide tax advice; shareholders should consult their tax advisor. A return of capital distribution does not necessarily reflect a fund's investment performance and should not be confused with 'yield' or 'income.' ABOUT FINS Led by Angel Oak's experienced financial services team, FINS invests predominantly in U.S. financial sector debt as well as selective opportunities across financial sector preferred and common equity. Under normal circumstances, at least 50% of FINS' portfolio is publicly rated investment grade or, if unrated, judged to be of investment grade quality by Angel Oak. ABOUT ANGEL OAK CAPITAL ADVISORS, LLC Angel Oak Capital Advisors is an investment management firm focused on providing compelling fixed-income investment solutions to its clients. Backed by a value-driven approach, Angel Oak Capital Advisors seeks to deliver attractive, risk-adjusted returns through a combination of stable current income and price appreciation. Its experienced investment team seeks the best opportunities in fixed income, with a specialization in mortgage-backed securities and other areas of structured credit. Information regarding the Fund and Angel Oak Capital Advisors can be found at Past performance is neither indicative nor a guarantee of future results. Investors should consider the investment objective and policies, risk considerations, charges and ongoing expenses of an investment carefully before investing. For more information please contact your investment representative or Destra Capital Advisors LLC at 877.855.3434. © 2025 Angel Oak Capital Advisors, which is the investment adviser to the Angel Oak Financial Strategies Income Term Trust.
Miami Herald
a day ago
- Business
- Miami Herald
Gladstone Alternative Income Fund Announces Increase in Monthly Cash Distribution for June 2025
MCLEAN, VA / ACCESS Newswire / June 2, 2025 / Gladstone Alternative Income Fund ("Gladstone Alternative" or the "Fund") announced today that its board of trustees declared monthly cash distributions to shareholders for the month of June, increasing the daily dividend rate by 1.149%, in comparison to the May dividend rate. The June distribution amount is $0.00176 per calendar day for each issued and outstanding Class A share, Class C share, and Class I share for the period beginning June 1, 2025 and ending June 30, 2025 (for shareholders who own shares all 30 days in June, the distribution will total $0.0528 per share). The distributions will be paid on July 1, 2025 for Dividend Reinvestment Plan ("DRIP") participants and for non-DRIP participants. John Sateri, President of Gladstone Alternative, noted, "We are pleased to announce the fourth consecutive monthly dividend for Gladstone Alternative, continuing our commitment to delivering consistent income to our investors. We look forward to continuing to create long-term value in the months and years ahead by generating sustainable returns for our shareholders while providing them access to a diversified portfolio of private credit and equity investments." About Gladstone Alternative Income Fund Gladstone Alternative Income Fund is a non-diversified, unlisted, closed-end management investment company registered under the Investment Company Act of 1940 and is operating as an interval fund. The Fund seeks to achieve and grow current income by investing primarily in directly originated loans to lower and middle market private businesses in the United States, broadly syndicated loans and commercial real estate loans. Investors are advised to carefully consider the investment objectives, risks and charges, and expenses of Gladstone Alternative Income Fund before investing. The prospectus, dated November 7, 2024, which has been filed with the U.S. Securities and Exchange Commission, and as supplemented from time to time, contains this and other information about the Fund and should be read carefully before investing. You may get these documents for free by visiting the Fund's website at or by visiting EDGAR on the SEC's website at To obtain a copy of the prospectus, you may also contact Gladstone Securities, LLC, the dealer manager and distributor for this offering, which will arrange to send you the prospectus if you request it by calling toll-free at (833) 849-5993. For further information, please visit our website at SOURCE: Gladstone Alternative Income Fund
Yahoo
2 days ago
- Business
- Yahoo
Kayne Anderson Energy Infrastructure Fund Announces Distribution of $0.08 Per Share for June 2025
HOUSTON, June 02, 2025 (GLOBE NEWSWIRE) -- Kayne Anderson Energy Infrastructure Fund, Inc. (the 'Company') announced today a monthly distribution of $0.08 per share for June 2025. This distribution is payable to common stockholders on June 30, 2025 (as outlined in the table below). The Company declares distributions on a monthly basis, with its next distribution expected to be declared in early July. Payment of future distributions is subject to the approval of the Company's Board of Directors, as well as meeting the covenants on the Company's debt agreements and the terms of its preferred stock. Record Date / Ex-Date Payment Date Distribution Amount Return of Capital Estimate 6/13/25 6/30/25 $0.08 50%(1) (1) This estimate is based on the Company's anticipated earnings and profits. The final determination of the tax character of distributions will not be determinable until after the end of fiscal 2025 and may differ substantially from this preliminary information. Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940, as amended, whose common stock is traded on the NYSE. The Company's investment objective is to provide a high after-tax total return with an emphasis on making cash distributions to stockholders. KYN intends to achieve this objective by investing at least 80% of its total assets in securities of Energy Infrastructure Companies. See Glossary of Key Terms in the Company's most recent quarterly report for a description of these investment categories and the meaning of capitalized terms. The Company pays cash distributions to common stockholders at a rate that may be adjusted from time to time. Distribution amounts are not guaranteed and may vary depending on a number of factors, including changes in portfolio holdings and market conditions. This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of any securities in any jurisdiction in which such offer or sale is not permitted. Nothing contained in this press release is intended to recommend any investment policy or investment strategy or consider any investor's specific objectives or circumstances. Before investing, please consult with your investment, tax, or legal adviser regarding your individual circumstances. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This communication contains statements reflecting assumptions, expectations, projections, intentions, or beliefs about future events. These and other statements not relating strictly to historical or current facts constitute forward-looking statements as defined under the U.S. federal securities laws. Forward-looking statements involve a variety of risks and uncertainties. These risks include but are not limited to changes in economic and political conditions; regulatory and legal changes; energy industry risk; leverage risk; valuation risk; interest rate risk; tax risk; and other risks discussed in detail in the Company's filings with the SEC, available at or Actual events could differ materially from these statements or our present expectations or projections. You should not place undue reliance on these forward-looking statements, which speak only as of the date they are made. Kayne Anderson undertakes no obligation to publicly update or revise any forward-looking statements made herein. There is no assurance that the Company's investment objectives will be attained. Contact investor relations at 877-657-3863 or cef@
