Kayne Anderson NextGen Energy & Infrastructure Announces Its Net Asset Value And Asset Coverage Ratios At August 31, 2023; Fund's Net Assets Were $412.1M And Its Net Asset Value Was $8.73/Share
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As of August 31, 2023, the Fund's net assets were $412.1 million and its net asset value per share was $8.73. As of August 31, 2023, the Fund's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 746% and the Fund's asset coverage ratio under the 1940 Act with respect to total leverage (debt and preferred stock) was 469%.
| Kayne Anderson NextGen Energy & Infrastructure, Inc. | ||||
| Statement of Assets and Liabilities | ||||
| August 31, 2023 | ||||
| (Unaudited) | ||||
| (in millions) | ||||
| Investments | $ | 511.4 | ||
| Cash and cash equivalents | 9.3 | |||
| Receivable for securities sold | 2.0 | |||
| Accrued income | 1.3 | |||
| Other assets | 1.0 | |||
| Total assets | 525.0 | |||
| Credit facility | 12.0 | |||
| Notes | 58.2 | |||
| Unamortized notes issuance costs | (0.4 | ) | ||
| Preferred stock | 41.5 | |||
| Unamortized preferred stock issuance costs | (0.4 | ) | ||
| Total leverage | 110.9 | |||
| Other liabilities | 2.0 | |||
| Net assets | $ | 412.1 | ||
The Fund had 47,197,462 common shares outstanding as of August 31, 2023.