Kayne Anderson MLP Investment Co. (KYN) announced the pricing of a public offering of common stock. The company said it agreed to sell a total of 4.50 million 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).
The company said it will use net proceeds from the offering of $144.1 million 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.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.