Kayne Anderson Energy Development Company Increases Quarterly Distribution to $0.39 per Share for Q4 2011 and Announces NAV of $23.01 per Share as of November 30, 2011
(NYSE: KED) Kayne Anderson Energy Development Company announced today its quarterly distribution of $0.39 per share for the quarter ended November 30, 2011, representing an increase of 2.6% from the prior quarter's distribution of $0.38 per share. The Company also announced today its unaudited net asset value (NAV) of $238.0 million or $23.01 per share as of November 30, 2011, representing an increase of $1.00 per share (4.5%) from the Company's NAV of $22.01 as of August 31, 2011.
The distribution will be payable on February 3, 2012 to common stockholders of record on January 30, 2012, with an ex-dividend date of January 26, 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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