Kayne Anderson MLP Investment Company Enters Into $150 Million Revolving Credit Facility

Kayne Anderson MLP Investment Company (the “Company”) (NYSE:KYN)
announced today that it has entered into a $150 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 Company’s $250 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 Company’s compliance with the terms of the Credit Facility,
including a condition to borrowing that the Company’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 Company’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 Company will pay a fee equal to a rate of 0.30% on any
unused amounts of the Credit Facility. Currently, the Company has no
borrowings under the Credit Facility.

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

Kayne Anderson MLP Investment Company 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
Company's investment objective is to obtain a high after-tax total
return by investing at least 85% of its total assets in energy-related
master limited partnerships and their affiliates, and in other companies
that, as their principal business, operate assets used in the gathering,
transporting, processing, storing, refining, distributing, mining or
marketing 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 differ from
the Company's historical experience and its present expectations or
projections indicated in any forward-looking statements. These risks
include, but are not limited to, changes in economic and political
conditions; regulatory and legal changes; MLP industry risk; leverage
risk; valuation 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.

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