Kayne Anderson (KYN) Prices Upsized 4.5M Offering

March 7, 2013 8:15 AM EST
Kayne Anderson MLP Investment Company (the “Company”) (NYSE: KYN) announced the pricing of a public offering of common stock. The Company agreed to sell a total of 4,500,000 shares at a price of $33.36 per share (exclusive of 675,000 additional shares that the underwriters may purchase pursuant to a 45-day option to cover over-allotments). Net proceeds from the offering of $144.1 million will be used to make additional portfolio investments that are consistent with the Company’s investment objective and policies and for general corporate purposes. The offering is schedule to close on March 12, 2013.

The offering is larger than the original announcement of 4 million shares.

Citigroup, Morgan Stanley and UBS Investment Bank are acting as joint book-running managers.

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