Kayne Anderson MLP Investment Company (NYSE:KYN), a non-diversified, closed-end investment company, has priced a USD75m offering of series HH
floating rate senior notes (the senior notes, it stated on Monday.
According to the firm Series HH
senior notes mature on August 19, 2016 and pay interest at a rate of 3-month LIBOR plus 1.
Previously, an individual could, at maturity or before, exchange a Series E or EE bond for a Series HH
bond (or Series H bond before 1980--but see Editor's Note, Q 1143) without recognizing the unreported interest, except that he must report the interest to the extent he receives cash in the exchange.
Bonds: Once again, start by taking the bonds to your financial institution, along with your identification.
Another viable option is to convert Series EE or I savings bonds into Series HH
savings bonds, which pay interest every six months.
bonds are current-income securities that do not increase in value.
Treasury's savings bond offerings today consist of series EE bonds, the interest earnings on which accrue until the bond matures or is redeemed, and series HH
bonds, which are obtained in exchange for series E or series EE bonds and pay interest twice per year, via ACH, to the owner's designated depository institution.
Savings Bonds are presently available, Series EE and Series HH
Series PT-4705: New York City Municipal Water Finance Authority, water and sewer system second general resolution revenue bonds, fiscal 2011 series HH
(rated 'AA+'; Stable Outlook).
There are two kinds, the Series EE and the Series HH
The fiscal 2011 series HH
bonds are scheduled for negotiated sale the week of June 13.
The interest can be deferred beyond the bond's maturity if exchanged for a Series HH