KAYNE ANDERSON ENERGY DEV CO
SymbolKED

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Kayne Anderson Energy Development Company Announces Distribution of $0.30 per Share for Q3 2009 and Maintains Distribution Guidance for Fiscal 2009

2009-10-06 17:41 ET - News Release


HOUSTON -- (Business Wire)

(NYSE:KED) Kayne Anderson Energy Development Company (the “Company”) announced today its quarterly distribution of $0.30 per share for the quarter ended August 31, 2009 and stated that it expects its portfolio investments to generate sufficient distributable cash flow to maintain distributions of $0.30 per share during the remainder of fiscal year 2009.

The distribution will be payable on October 29, 2009 to common stockholders of record on October 16, 2009, with an ex-dividend date of October 14, 2009. It is anticipated that substantially all 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 2010 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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