Kayne Anderson MLP Investment Company (KYN) announced the pricing of a public offering of common stock. The Company agreed to sell a total of 5,000,000 shares at a price of $29.75 per share (exclusive of 750,000 shares that the underwriters may purchase pursuant to a 45-day option to cover over-allotments). Net proceeds from the offering of approximately $142.8 million will be used to make additional portfolio investments that are consistent with the Company’s investment objective and policies and for general corporate purposes.
The offering is scheduled to close on August 8, 2012.
Citigroup, BofA Merrill Lynch, Morgan Stanley, UBS Investment Bank and Wells Fargo Securities are acting as joint book-running managers.
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