Kayne Anderson MLP Investment Company Completes Private Placement Of $200M Of Notes And $25M Of Mandatory Redeemable Preferred Shares

Kayne Anderson MLP Investment Company (the “Company”)

announced today that it completed a private placement of $200 million of unsecured notes (“Notes”) and $25 million of Mandatory Redeemable Preferred Shares (“MRP Shares”). Net proceeds from such offerings will be used to refinance existing indebtedness (including the redemption of the Company's $60 million Series M Notes which mature on November 4, 2014), to make new portfolio investments and for general corporate purposes. The table below sets forth the key terms of the Notes and the MRP Shares: Security Amount ($ in millions) Rate Maturity Date Notes Series LL $50 2.89% October 29, 2020 Series MM 40 3.26% October 29, 2022 Series NN 20 3.37% October 29, 2023 Series OO 90 3.46% October 29, 2024 $200 MRP Shares Series I $25 3.86% October 29, 2022 Neither the Notes nor the Series I MRP Shares will be registered under the Securities Act of 1933, and neither may be offered or sold in the United States absent registration or an applicable exemption from registration. Copies of the Notes Purchase Agreement and Securities Purchase Agreement are available on the Company's website at www.kaynefunds.com/kyn/other-material-documents.