Kayne Anderson MLP Investment Co. (KYN) on Friday announced the pricing of a public offering of common stock.
The company agreed to sell a total of 5 million shares at a price of $29.75 per share, exclusive of 750,000 shares that the underwriters may purchase pursuant to a 45-day option to cover over-allotments.
The offering is scheduled to close on August 8.
Net proceeds from the offering of about $142.8 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.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.