The fund's asset coverage ratios
, as calculated in accordance with Fitch total and net overcollateralization tests (Fitch OC tests) per the 'AAA' rating guidelines for the senior notes and the 'AA' rating guidelines for the MRPS, outlined in Fitch's closed-end fund criteria, were in excess of 100%, which is the minimum asset coverage required by the fund's governing documents.
Kayne Anderson MLP Investment company (NYSE: KYN) has provided a summary unaudited statement of assets and liabilities and announced its net asset value and asset coverage ratios
under the Investment company Act of 1940 (the "1940 Act") as of August 31, 2017, the company said.
NYSE: KYE) today provided a summary unaudited balance sheet and announced its net asset value and asset coverage ratios
under the Investment Company Act of 1940 as of October 31, 2011.
The company chief financial officer, Terry Matlack, said, 'We are taking steps to comply with our asset coverage ratios
for the purposes of both the 1940 Act and the terms of our senior notes and preferred shares.
25%, depending on asset coverage ratios
and as per current asset coverage ratios
, the interest rate would be equal to the one-month LIBOR plus 1.
50%, as per current asset coverage ratios
and this may even vary between LIBOR plus 1.