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Kayne Anderson Energy Development Co. Details Quarterly Results

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April 30, 2014

On April 28, Kayne Anderson Energy Development Co. (NYSE: KED) detailed its financial results for the quarter ended February 28. Investment income was $2.3 million for the quarter, and operating expenses were $2.8 million, including $1.8 million of investment management fees, the company said. Investment loss totaled $0.3 million, the company added. The net realized gains from investments were $13.2 million, Kayne Anderson said.

At the end of the quarter, net assets had increased to $16.3 million due to operations, the company said. Net assets’ value was $325 million, at ...

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