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.
For comments and feedback: editorial@rttnews.com