Kayne Anderson NextGen Energy & Infrastructure Provides Unaudited Balance Sheet Information And Announces Its Net Asset Value And Asset Coverage Ratios At September 30, 2023; Fund's Net Assets Were $389.9M And Its Net Asset Value Was $8.26/Share
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Investment Managers
Finance
As of September 30, 2023, the Fund's net assets were $389.9 million and its net asset value per share was $8.26. As of September 30, 2023, the Fund's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 804% and the Fund's asset coverage ratio under the 1940 Act with respect to total leverage (debt and preferred stock) was 480%.
| Kayne Anderson NextGen Energy & Infrastructure, Inc. | ||||
| Statement of Assets and Liabilities | ||||
| September 30, 2023 | ||||
| (Unaudited) | ||||
| (in millions) | ||||
| Investments | $ | 495.1 | ||
| Cash and cash equivalents | 1.4 | |||
| Receivable for securities sold | 3.1 | |||
| Accrued income | 0.4 | |||
| Other assets | 1.0 | |||
| Total assets | 501.0 | |||
| Credit facility | 3.0 | |||
| Notes | 58.2 | |||
| Unamortized notes issuance costs | (0.4 | ) | ||
| Preferred stock | 41.5 | |||
| Unamortized preferred stock issuance costs | (0.4 | ) | ||
| Total leverage | 101.9 | |||
| Distribution payable | 7.6 | |||
| Other liabilities | 1.6 | |||
| Total liabilities | 9.2 | |||
| Net assets | $ | 389.9 | ||
The Fund had 47,197,462 common shares outstanding as of September 30, 2023.