Kayne Anderson Energy Development Company Increases its Quarterly Distribution to $0.43 per Share for Q3 2012 and Announces NAV of $23.88 per Share as of August 31, 2012
(NYSE: KED) Kayne Anderson Energy Development Company announced today a quarterly distribution of $0.43 per share for the quarter ended August 31, 2012. This distribution represents an increase of 4.9% from the prior quarter's distribution of $0.41 per share and an increase of 13.2% from the distribution for the quarter ended August 31, 2011.
The Company also announced today its unaudited net asset value (NAV) of $248 million or $23.88 per share as of August 31, 2012, representing an increase of $1.20 per share (5.3%) from the Company's NAV of $22.68 per share as of May 31, 2012.
The distribution will be payable on October 26, 2012 to common stockholders of record on October 17, 2012, with an ex-dividend date of October 15, 2012. It is anticipated that none of this distribution will be treated as a return of capital for tax purposes. The final determination of such amount will be made in early 2013 when the Company can determine its earnings and profits. The final tax status of the distribution may differ substantially from this preliminary information.
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