Kayne Anderson Energy Total Return Fund Completes Private Placement of $20 Million of Mandatory Redeemable Preferred Shares

Kayne Anderson Energy Total Return Fund, Inc. (the “Fund”) (NYSE:KYE)
announced today that it completed a private placement of $20 million of
Series C Mandatory Redeemable Preferred Shares (the “Series C MRP
Shares”) with an institutional investor. The Series C MRP Shares will
mature on September 7, 2021 and pay quarterly cash dividends at a rate
of 3.36% per annum. Net proceeds from the offering will be used to
refinance existing leverage and for general corporate purposes.

The Series C MRP Shares will not be registered under the Securities Act
of 1933, and may not be offered or sold in the United States absent
registration or an applicable exemption from registration..

The Fund is a non-diversified, closed-end management investment
company registered under the Investment Company Act of 1940 whose common
stock is traded on the NYSE. The Fund’s investment objective is to
obtain a high total return with an emphasis on current income by
investing primarily in securities of companies engaged in the energy
industry, principally including publicly-traded energy-related master
limited partnerships and limited liability companies taxed as
partnerships and their affiliates, energy-related U.S. and Canadian
trusts and income trusts and other companies that derive at least 50% of
their revenues from operating assets used in, or providing
energy-related services for, the exploration, development, production,
gathering, transportation, processing, storing, refining, distribution,
mining or marketing of natural gas, natural gas liquids (including
propane), crude oil, refined petroleum products or coal.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press
release contains "forward-looking statements" as defined under the U.S.
federal securities laws. Generally, the words "believe," "expect,"
"intend," "estimate," "anticipate," "project," "will" and similar
expressions identify forward-looking statements, which generally are not
historical in nature. Forward-looking statements are subject to certain
risks and uncertainties that could cause actual results to materially
differ from the Fund’s historical experience and its present
expectations or projections indicated in any forward-looking statement.
These risks include, but are not limited to, changes in economic and
political conditions; regulatory and legal changes; energy industry
risk; commodity pricing risk; leverage risk; valuation risk;
non-diversification risk; interest rate risk; tax risk; and other risks
discussed in the Fund’s filings with the SEC. You should not place undue
reliance on forward-looking statements, which speak only as of the date
they are made. The Fund undertakes no obligation to publicly update or
revise any forward-looking statements made herein. There is no assurance
that the Fund’s investment objectives will be attained.

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