Kayne Anderson Energy Development Company (NYSE:KED) has announced the release of its quarterly results for the period ended February 28, 2010. The company’s net asset value by the end of the quarter was reported as $17.03 per share. It’s net investment loss was $0.2 million. Kayne Anderson’s net realized gains and unrealized gains were $3.2 million and $4.7 million, respectively. The company recently paid a distribution of $0.30 per share. To read the full financial results, visit http://www.kaynefunds.com/.
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Kayne Anderson Energy Development Company is a non-diversified, closed-end management investment company. The Company’s investment objective is to generate both current income and capital appreciation primarily through equity and debt investments. The Company seeks to invest at least 80% of its total assets in securities of companies that derive their revenue from activities in the energy industry, including midstream, upstream and other energy companies. The Company’s investment advisor is KA Fund Advisors, LLC, a subsidiary of Kayne Anderson Capital Advisors, L.P.
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