Zazove Associates LLC Sells 97,572 Shares of Kayne Anderson Energy Infrastructure Fund, Inc. $KYN

Zazove Associates LLC lowered its position in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) by 20.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 387,961 shares of the financial services provider’s stock after selling 97,572 shares during the quarter. Zazove Associates LLC’s holdings in Kayne Anderson Energy Infrastructure Fund were worth $4,799,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in KYN. Motco acquired a new position in Kayne Anderson Energy Infrastructure Fund in the 2nd quarter valued at approximately $30,000. Parkside Financial Bank & Trust bought a new stake in shares of Kayne Anderson Energy Infrastructure Fund in the second quarter worth $33,000. JPMorgan Chase & Co. increased its holdings in Kayne Anderson Energy Infrastructure Fund by 114,616.7% in the second quarter. JPMorgan Chase & Co. now owns 6,883 shares of the financial services provider’s stock valued at $88,000 after purchasing an additional 6,877 shares during the period. Brown Advisory Inc. bought a new position in Kayne Anderson Energy Infrastructure Fund during the 2nd quarter worth $105,000. Finally, Cresset Asset Management LLC bought a new position in Kayne Anderson Energy Infrastructure Fund during the 2nd quarter worth $164,000.

Kayne Anderson Energy Infrastructure Fund Trading Down 0.5%

NYSE KYN opened at $12.09 on Monday. The business’s 50-day moving average price is $11.89 and its two-hundred day moving average price is $12.16. Kayne Anderson Energy Infrastructure Fund, Inc. has a 12 month low of $9.82 and a 12 month high of $13.65.

Kayne Anderson Energy Infrastructure Fund Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Thursday, January 15th will be issued a $0.085 dividend. The ex-dividend date is Thursday, January 15th. This is a boost from Kayne Anderson Energy Infrastructure Fund’s previous monthly dividend of $0.08. This represents a c) annualized dividend and a yield of 8.4%.

Insider Buying and Selling

In other news, President James C. Baker acquired 25,000 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction dated Monday, November 24th. The shares were bought at an average cost of $11.74 per share, with a total value of $293,500.00. Following the purchase, the president owned 886,040 shares in the company, valued at $10,402,109.60. This trade represents a 2.90% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michael N. Mears acquired 10,000 shares of the firm’s stock in a transaction dated Monday, October 6th. The shares were purchased at an average price of $12.24 per share, with a total value of $122,400.00. Following the completion of the transaction, the director owned 10,000 shares of the company’s stock, valued at $122,400. This trade represents a ? increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 60,000 shares of company stock valued at $711,150 in the last three months.

About Kayne Anderson Energy Infrastructure Fund

The Kayne Anderson Energy Infrastructure Fund, Inc (NYSE: KYN) is a closed-end management investment company that focuses on energy infrastructure assets. The fund’s portfolio is primarily composed of equity securities of publicly traded partnerships—including master limited partnerships (MLPs)—and other energy-related companies. Key sectors in its midstream-oriented strategy include the transportation, storage, processing and distribution of natural gas, crude oil and refined products.

Since commencing operations in 2014, Kayne Anderson Energy Infrastructure Fund has pursued a dual objective of current income generation and long-term capital appreciation.