Kayne Anderson (KYN) Announces 5.75M Common Offering
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Kayne Anderson MLP Investment Company (the “Company”) (NYSE: KYN) announced that it has commenced a public offering of 5,750,000 shares of its common stock. The Company also intends to grant the underwriters a 45-day option to purchase up to 862,500 additional shares to cover over-allotments, if any. Net proceeds from the offering will be used to make additional portfolio investments that are consistent with the Company’s investment objective and policies and for general corporate purposes.
Morgan Stanley, BofA Merrill Lynch, Citigroup and UBS Investment Bank are acting as joint book-running managers.
Morgan Stanley, BofA Merrill Lynch, Citigroup and UBS Investment Bank are acting as joint book-running managers.
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