Kayne Anderson Midstream/Energy Fund Increases its QTR Distribution To $0.48 Per Share for Q2 2014
Kayne Anderson Midstream/Energy Fund, Inc. (the “Fund”) (NYSE: KMF) announced today its quarterly distribution of $0.48 per share for the quarter ended May 31, 2014. This distribution represents an increase of 1.6% from the prior quarter's distribution of $0.4725 per share and an increase of 5.5% from the distribution for the quarter ended May 31, 2013. This represents the eleventh consecutive quarterly increase by the Fund.
The distribution will be payable on July 18, 2014 to common stockholders of record on July 11, 2014, with an ex-dividend date of July 9, 2014. The Fund estimates that none of this distribution will be treated as a return of capital for tax purposes. This estimate is based on the Fund's anticipated earnings and profits for fiscal 2014 and its accumulated earnings and profits as of May 31, 2014 (including gains and losses on sales of securities during the six months ended May 31, 2014). The Fund's estimate does not include a projection of gains or losses on the sale of securities for the remainder of fiscal 2014. The final determination of the tax character of the distribution will be made in early 2015 when the Fund can determine its actual earnings and profits for the full year (including gains and losses on the sale of securities for the remainder of fiscal 2014) and may differ substantially from this preliminary information.
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