Kayne Anderson Energy Development Company Announces Distribution of $0.48 per Share for Q1 2016

(NYSE:KED) Kayne Anderson Energy Development Company (the “Company” or
“KED”) announced today a quarterly distribution of $0.48 per share for
the quarter ended February 29, 2016.

The distribution will be payable on April 22, 2016 to common
stockholders of record on April 15, 2016, with an ex-dividend date of
April 13, 2016. The Company estimates that none of this distribution
will be treated as a return of capital for tax purposes. This estimate
is based on the Company’s anticipated earnings and profits for fiscal
2016 and its accumulated earnings and profits as of February 29, 2016
(including gains and losses on sales of securities during the three
months ended February 29, 2016). The Company’s estimate does not include
a projection of gains or losses on the sale of securities for the
remainder of fiscal 2016. The final determination of the tax character
of the distribution will be made in early 2017 when the Company can
determine its actual earnings and profits for the full year (including
gains and losses on the sale of securities for the remainder of fiscal
2016) and may differ substantially from this preliminary information.

The Company’s ten largest holdings by issuer at February 29, 2016 were
as follows:

The Company is a non-diversified, closed-end investment company
registered under the Investment Company Act of 1940. The Company's
investment objective is to generate both current income and capital
appreciation primarily through equity and debt investments. The Company
will seek to achieve this objective by investing at least 80% of its net
assets together with the proceeds of any borrowings (its "total assets")
in securities of companies that derive the majority of their revenue
from activities in the energy industry, including: (a) Midstream Energy
Companies, which are businesses that operate assets used to gather,
transport, process, treat, terminal and store natural gas, natural gas
liquids, propane, crude oil or refined petroleum products; (b) Upstream
Energy Companies, which are businesses engaged in the exploration,
extraction and production of natural resources, including natural gas,
natural gas liquids and crude oil, from onshore and offshore geological
reservoirs; and (c) Other Energy Companies, which are businesses engaged
in owning, leasing, managing, producing, processing and sale of coal and
coal reserves; the marine transportation of crude oil, refined petroleum
products, liquefied natural gas, as well as other energy-related natural
resources using tank vessels and bulk carriers; and refining, marketing
and distributing refined energy products, such as motor gasoline and
propane to retail customers and industrial end-users.

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 Company'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 Company'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 Company undertakes no obligation to publicly
update or revise any forward-looking statements made herein. There is no
assurance that the Company's investment objectives will be attained.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160330006489/en/

News by QuoteMedia

www.quotemedia.com