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Stock Market & Financial Investment News

News Breaks
June 23, 2014
08:55 EDTKYEKanye Anderson Energy announces approval of $20M stock repurchase program
Kayne Anderson Energy Total Return Fund announced that its Board of Directors has approved a program to purchase up to $20M of the Fund's common stock. The Board has decided to implement the share repurchase program with the expectation it will increase net asset value per share through the accretive nature of the purchases. As of June 19, the Fund's common stock was trading at a 9.8% discount to NAV. The repurchase program will continue until the earlier of (i) the repurchase of $20M of common stock or (ii) December 31. The Fund will authorize its agents to make purchases in the open market when shares are trading at a discount of at least 8% to the Fund's NAV per share and the Fund has sufficient borrowing capacity relative to its target leverage ratios.
News For KYE From The Last 14 Days
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September 19, 2014
05:14 EDTKYEKanye Anderson Energy raises distribution to 48.5c per share from 48c per share
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