SEC Form SC 13G/A filed by Kayne Anderson Energy Infrastructure Fund Inc. (Amendment)

$KYN
Finance/Investors Services
Finance
Get the next $KYN alert in real time by email
SC 13G/A 1 sayw24020901_13ga.htm


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. 1)*


 Kayne Anderson Energy Infrastructure Fund, Inc.  
(Name of Issuer)
 

Series R Mandatory Redeemable Preferred Shares
Series S Mandatory Redeemable Preferred Shares
Series T Mandatory Redeemable Preferred Shares
Series V Mandatory Redeemable Preferred Shares
Series W Mandatory Redeemable Preferred Shares
 
(Title of Class of Securities)
 

486606 8*0 (Series R)
 486606 2@4 (Series S)
486606 *32 (Series T)
486606 P#7 (Series V)
486606 Q*0 (Series W)
 
(CUSIP Number)
 

 December 31, 2023  
(Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).



Page 2 of 5 Pages
CUSIP Nos. 486606 8*0 (Series R), 486606 2@4 (Series S), 486606 *32 (Series T), 486606 P#7 (Series V), 486606 Q*0 (Series W)
1
NAMES OF REPORTING PERSONS
 
 
MetLife Investment Management, LLC
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
   
(a)☐
   
(b)
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
Delaware
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
 
 
1,208,000
 
 
 
 
6
SHARED VOTING POWER
 
 
0
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
1,208,000
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
0
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
1,208,000
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
19.7% (1)
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
IA
 
 
 
 


(1)
This percentage is calculated based on 6,123,774 Mandatory Redeemable Preferred Shares outstanding.


Page 3 of 5 Pages
Item 1.
(a)          Name of Issuer:
 
Kayne Anderson Energy Infrastructure Fund, Inc. (the “Issuer”)

  (b)
Address of Issuer’s Principal Executive Offices:

811 Main Street, 14th Floor
Houston, TX 77002

Item 2.
(a)          Name of Persons Filing:
 
MetLife Investment Management, LLC (the “Reporting Person”)


(b)
Address of Principal Business Office or, if none, Residence :

One MetLife Way, Whippany, New Jersey 07981


(c)
Citizenship or Place of Organization:

Delaware


(d)
Title of Class of Securities:

Series R Mandatory Redeemable Preferred Shares, Series S Mandatory Redeemable Preferred Shares, Series T Mandatory Redeemable Preferred Shares, Series V Mandatory Redeemable Preferred Shares and Series W Mandatory Redeemable Preferred Shares (collectively, the “Mandatory Redeemable Preferred Shares”, which represent a single class of the Issuer’s preferred equity securities)


(e)
CUSIP Number:

486606 8*0 (Series R Mandatory Redeemable Preferred Shares)
486606 2@4 (Series S Mandatory Redeemable Preferred Shares)
486606 *32 (Series T Mandatory Redeemable Preferred Shares)
486606 P#7 (Series V Mandatory Redeemable Preferred Shares)
486606 Q*0 (Series W Mandatory Redeemable Preferred Shares)

Item 3.
If this statement is filed pursuant to Sections 240.13d-1(b) or 240.13d-2(b) or (c),check whether the person filing is a:


(a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);

(b)
Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c);

(c) Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c);

(d) Investment company registered under Section 8 of the Investment Company Act of 1940 (U.S.C. 80a-8);

(e) An investment adviser in accordance with Section 240.13d-1(b)(1)(ii)(E);

(f)
An employee benefit plan or endowment fund in accordance with Section 240.13d-1(b)(1)(ii)(F);

(g)
A parent holding company or control person in accordance with Section 240.13d-1(b)(1)(ii)(G);

(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i)
A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j)
A non-U.S. institution in accordance with Section 240.13d-1(b)(1) (ii)(J).

(k)
Group, in accordance with Section 240.13d-1(b)(1)(ii)(K).


Page 4 of 5 Pages
Item 4.
Ownership:

Provide the following information regarding the aggregate number and percentage of the class of securities of the Issuer identified in Item 1.


(a)
Amount beneficially owned: 1,208,000


(b)
Percent of class: 19.7%*

* This percentage is calculated based on 6,123,774 Mandatory Redeemable Preferred Shares outstanding.


(c)
Number of shares as to which the person has:


(i)
Sole power to vote or to direct the vote: 1,208,000


(ii)
Shared power to vote or direct the vote: 0


(iii)
Sole power to dispose or direct the disposition of: 1,208,000


(iv)
Shared power to dispose or to direct the disposition of: 0

Item 5.
Ownership of Five Percent or Less of a Class:

Not Applicable

Item 6.
Ownership of More than Five Percent on Behalf of Another Person:

The Reporting Person manages these Mandatory Redeemable Preferred Shares on behalf of various clients, including Metropolitan Life Insurance Company and Metropolitan Tower Life Insurance Company.

Item 7.
Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company:

Not Applicable

Item 8.
Identification and Classification of Members of the Group:

Not Applicable

Item 9.
Notice of Dissolution of Group:

Not Applicable

Item 10.
Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.


Page 5 of 5 Pages
SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 
METLIFE INVESTMENT MANAGEMENT, LLC
 
       
Date: February 9, 2024
By:
/s/ Israel Grafstein
 
 
Name:
Israel Grafstein
 
 
Title:
Chief Compliance Officer
 



Get the next $KYN alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$KYN

DatePrice TargetRatingAnalyst
More analyst ratings

$KYN
Press Releases

Fastest customizable press release news feed in the world

See more
  • Kayne Anderson Energy Infrastructure Fund Provides Unaudited Balance Sheet Information and Announces Its Net Asset Value and Asset Coverage Ratios as of February 28, 2025

    HOUSTON, March 04, 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 February 28, 2025. As of February 28, 2025, the Company's net assets were $2.5 billion, and its net asset value per share was $14.60. As of February 28, 2025, the Company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 623% and the Company's asset coverage ratio under the 1940 Act with respect to total leverage (debt

    $KYN
    Finance/Investors Services
    Finance
  • Kayne Anderson Energy Infrastructure Fund Announces Distribution of $0.08 Per Share for March 2025

    HOUSTON, March 03, 2025 (GLOBE NEWSWIRE) -- Kayne Anderson Energy Infrastructure Fund, Inc. (the "Company") announced today a monthly distribution of $0.08 per share for March 2025. This distribution is payable to common stockholders on March 31, 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 April. 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-DatePayment DateDistribution AmountReturn of Capital Estimate3/14/253/31/

    $KYN
    Finance/Investors Services
    Finance
  • Kayne Anderson Energy Infrastructure Fund Enters Into $175 Million Revolving Credit Facility

    HOUSTON, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Kayne Anderson Energy Infrastructure Fund, Inc. (the "Company") (NYSE:KYN) has entered into a $175 million unsecured revolving credit facility (the "Credit Facility"). The Credit Facility matures on February 19, 2026 and replaces the Company's $135 million credit facility that was scheduled to mature on February 20, 2025. The interest rate on outstanding borrowings under the Credit Facility may vary between SOFR plus 1.40% and SOFR plus 2.25%, depending on the Company's asset coverage ratios. Based on the Company's current asset coverage ratios, the interest rate is SOFR plus 1.40%. The Company will pay a commitment fee of 0.20% per annum on any

    $KYN
    Finance/Investors Services
    Finance

$KYN
Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

See more

$KYN
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

See more

$KYN
SEC Filings

See more

$KYN
Leadership Updates

Live Leadership Updates

See more
  • Kayne Anderson Closed-End Funds Announce Appointment of New Independent Director

    HOUSTON, June 23, 2022 (GLOBE NEWSWIRE) -- KA Fund Advisors, LLC ("Kayne Anderson"), which serves as the investment adviser to Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) and Kayne Anderson NextGen Energy & Infrastructure, Inc. (NYSE:KMF, each a "Company" and collectively, the "Companies"))) announced today the appointment of Carita Walker to serve as an independent director on each Company's Board of Directors. After the addition of Ms. Walker, the Board of Directors of each Company will increase to eight directors, seven of which are independent. Carita Walker is the Chief Legal Officer at Shell Recharge Solutions – a Shell company dedicated to unlocking the possibilities

    $KMF
    $KYN
    Investment Managers
    Finance
    Finance/Investors Services
  • Kayne Anderson Closed-End Funds Announce Appointment of New Independent Director

    HOUSTON, April 27, 2022 (GLOBE NEWSWIRE) -- KA Fund Advisors, LLC ("Kayne Anderson"), which serves as the adviser to Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) and Kayne Anderson NextGen Energy & Infrastructure, Inc. (NYSE:KMF, each a "Company" and collectively, the "Companies"))) announced today the appointment of Caroline Winn to serve as an independent director on each Company's Board of Directors, effective today. After the addition of Ms. Winn, the board of directors of each Company will increase to seven directors, six of which are independent. Caroline Winn is the chief executive officer for San Diego Gas & Electric (SDG&E), one of Sempra's (NYSE:SRE) regulated Cali

    $KMF
    $KYN
    $SRE
    Investment Managers
    Finance
    Finance/Investors Services
    Natural Gas Distribution

$KYN
Financials

Live finance-specific insights

See more
  • Kayne Anderson Energy Infrastructure Fund Announces Tax Characterization of 2024 Distributions

    HOUSTON, Jan. 17, 2025 (GLOBE NEWSWIRE) -- KAYNE ANDERSON ENERGY INFRASTRUCTURE FUND ANNOUNCES TAX CHARACTERIZATION OF 2024 DISTRIBUTIONS Houston, TX – January 17, 2025 – Kayne Anderson Energy Infrastructure Fund, Inc. (the "Company") announced today the tax characterization of its 2024 distributions. KYN Common Stock DistributionTax CharacterRecord DatePayable DateAmountQualifiedDividendsNon-Dividend Distributions (ROC)1/3/20241/10/2024$0.22100%- 4/5/20244/12/2024$0.22100%- 6/28/20247/8/2024$0.22100%- 9/30/202410/7/2024$0.24100%- 11/15/202411/29/2024$0.08100%- 12/16/202412/31/2024$0.0825%75% Additional information regarding the tax characterization of the Company's 2024 distributions is

    $KYN
    Finance/Investors Services
    Finance
  • Kayne Anderson Energy Infrastructure Fund Completes Private Placement of $70 Million of Notes and $30 Million of Mandatory Redeemable Preferred Shares

    HOUSTON, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Kayne Anderson Energy Infrastructure Fund, Inc. (the "Company") (NYSE:KYN) announced today that it completed a private placement of $70 million of senior unsecured notes ("Notes") and $30 million of mandatory redeemable preferred shares ("MRP Shares"). Net proceeds will be used to refinance existing leverage and for general corporate purposes. The table below sets forth the key terms of the Notes and MRP Shares issued. Notes / MRPSharesSeriesAmount ($ in millions)Fixed Interest /Dividend RateMaturity / MandatoryRedemption DateNotesSeries YY$305.19%September 2031NotesSeries ZZ$405.45%September 2036MRP SharesSeries X$305.49%September 2029TOTAL $10

    $KYN
    Finance/Investors Services
    Finance
  • Kayne Anderson Energy Infrastructure Fund Prices Private Placement of $70 Million of Notes and $30 Million of Mandatory Redeemable Preferred Shares

    HOUSTON, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Kayne Anderson Energy Infrastructure Fund, Inc. (the "Company") (NYSE:KYN) announced today that it reached an agreement with institutional investors relating to a private placement of $70 million of senior unsecured notes ("Notes") and $30 million of mandatory redeemable preferred shares ("MRP Shares"). The private placement is expected to close on or about September 18, 2024. Net proceeds will be used to refinance existing leverage and for general corporate purposes. The table below sets forth the key terms of the Notes and MRP Shares to be issued. Notes / MRP SharesSeriesAmount ($ in millions)Fixed Interest / Dividend RateMaturity / Mandator

    $KYN
    Finance/Investors Services
    Finance

$KYN
Large Ownership Changes

This live feed shows all institutional transactions in real time.

See more