Kayne Anderson Energy Total Return Fund Enters Into $75 Million Revolving Credit Facility

Kayne Anderson Energy Total Return Fund, Inc. (the “Fund”) (NYSE:KYE)
announced today that it has entered into a $75 million unsecured
revolving credit facility (the “Credit Facility”) with a syndicate of
lenders. The Credit Facility has a two-year term, maturing on February
28, 2018. The Credit Facility replaces the Fund’s $100 million unsecured
revolving credit facility that was scheduled to mature on March 4, 2016.

Commitments under the Credit Facility are immediately available, subject
to the Fund’s compliance with the terms of the Credit Facility,
including a condition to borrowing that the Fund’s net assets must be in
excess of a minimum net asset value threshold. Subject to certain
adjustments, this minimum net asset value threshold is equal to 50% of
the Fund’s net assets as of February 29, 2016.

Outstanding loan balances under the Credit Facility will accrue interest
daily at a rate that may vary between LIBOR plus 1.60% and LIBOR plus
2.25%, depending on asset coverage ratios. Based on current asset
coverage ratios, the interest rate would be equal to the one-month LIBOR
plus 1.60%. The Fund will pay a fee equal to a rate of 0.30% on any
unused amounts of the Credit Facility. Currently, the Fund has no
borrowings under the Credit Facility.

A copy of the new credit agreement is available on the Fund’s website at www.kaynefunds.com/kye/other-material-documents.

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
royalty 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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