Kayne Anderson MLP/Midstream Investment Company Announces $125 Million Redemption of its Series F Mandatory Redeemable Preferred Shares

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HOUSTON, Jan. 14, 2020 (GLOBE NEWSWIRE) -- Kayne Anderson MLP/Midstream Investment Company (NYSE: KYN) (the “Company”) announced today that it will redeem all 5,000,000 shares of its 3.50% Series F Mandatory Redeemable Preferred Shares (the “Series F MRP Shares”), with an aggregate liquidation preference of $125 million, on February 13, 2020.

Holders of record as of January 15, 2020, of the Series F MRP Shares, will receive the regular monthly dividend payment amount on February 3, 2020. On February 13, 2020, Series F MRP holders will receive the liquidation preference per share of $25.00, plus accumulated but unpaid dividends for the first twelve days of February. The paying agent is American Stock Transfer & Trust Company, which is the Company’s transfer agent.

The Company expects to fund the Series F MRP Shares redemption with proceeds from the previously announced private placement of $100 million of Series L MRP Shares and $75 million of Series M MRP Shares to be issued in February.

Contact: KA Fund Advisors, LLC Investor Relations 877-657-3863

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Globe Newswire: 21:20 GMT Tuesday 14th January 2020

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