Kayne Anderson MLP Investment Reports Exercise by the Underwriters of the Option to Purchase Additional Common Stock
KYN | Quote | Chart | News | PowerRating -- Kayne Anderson MLP Investment Company announced that the underwriters of its common stock offering exercised their option to purchase an additional 723,700 shares at a price of $20.25 per share.
In a release on August 5, the Company noted that the option was granted to the underwriters in connection with the Company's public offering of 5,500,000 shares of common stock. The closing of the offering, including the over-allotment option, occurred today. Total net proceeds from the offering of 6,223,700 shares are approximately $121 million and will be used by the Company to make additional portfolio investments that are consistent with the Company's investment objective, and for general corporate purposes.
Kayne Anderson MLP Investment Company is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940, whose common stock is traded on the NYSE.
((Comments on this story may be sent to newsdesk@closeupmedia.com))
For full details on Kayne Anderson Mlp Inv (KYN) KYN. Kayne Anderson Mlp Inv (KYN) has Short Term PowerRatings at TradingMarkets. Details on Kayne Anderson Mlp Inv (KYN) Short Term PowerRatings is available at This Link.
- Kayne Anderson Files 2009 Annual Reports for KYN and KYE - 02/09/10
- Kayne Anderson MLP Investment Company Provides Unaudited Balance Sheet Information and Announces its Net Asset Value and Asset C - 02/02/10
- Kayne Anderson MLP Investment Company Announces Exercise by the Underwriters of the Option to Purchase Additional Common Stock - 01/20/10
- Kayne Anderson MLP Investment announces public offering of common stock - 01/15/10
- Kayne Anderson MLP Investment Company Prices Public Follow-On Offering of Common Stock - 01/14/10
- More News >>
