Kayne Anderson Energy Total Return Fund, Inc. (the ďFundĒ) (NYSE:KYE)
announced today its quarterly distribution of $0.48 per share for the
quarter ended May†31, 2014.
The distribution will be payable on July 11, 2014 to common stockholders
of record on July 3, 2014, with an ex-dividend date of July 1, 2014. The
Fund estimates that 32% of this distribution will be treated as a return
of capital for tax purposes. This estimate is based on the Fundís
anticipated earnings and profits for fiscal 2014 and its accumulated
earnings and profits as of May 31, 2014 (including gains and losses on
sales of securities during the six months ended May 31, 2014). The
Fundís estimate does not include a projection of gains or losses on the
sale of securities for the remainder of fiscal 2014. The final
determination of the tax character of the distribution will be made in
early 2015 when the Fund can determine its actual earnings and profits
for the full year (including gains and losses on the sale of securities
for the remainder of fiscal 2014) and may differ substantially from this
The Fund is a non-diversified, closed-end management investment
company registered under the Investment Company Act of 1940 whose common
stock is traded on the NYSE. The Fundís investment objective is to
obtain a high total return with an emphasis on current income by
investing primarily in securities of companies engaged in the energy
industry, principally including publicly-traded energy-related master
limited partnerships and limited liability companies taxed as
partnerships and their affiliates, energy-related U.S. and Canadian
trusts and income trusts and other companies that derive at least 50% of
their revenues from operating assets used in, or providing
energy-related services for, the exploration, development, production,
gathering, transportation, processing, storing, refining, distribution,
mining or marketing of natural gas, natural gas liquids (including
propane), crude oil, refined petroleum products or coal.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press
release contains "forward-looking statements" as defined under the U.S.
federal securities laws. Generally, the words "believe," "expect,"
"intend," "estimate," "anticipate," "project," "will" and similar
expressions identify forward-looking statements, which generally are not
historical in nature. Forward-looking statements are subject to certain
risks and uncertainties that could cause actual results to materially
differ from the Fundís historical experience and its present
expectations or projections indicated in any forward-looking statement.
These risks include, but are not limited to, changes in economic and
political conditions; regulatory and legal changes; energy industry
risk; commodity pricing risk; leverage risk; valuation risk;
non-diversification risk; interest rate risk; tax risk; and other risks
discussed in the Fundís filings with the SEC. You should not place undue
reliance on forward-looking statements, which speak only as of the date
they are made. The Fund undertakes no obligation to publicly update or
revise any forward-looking statements made herein. There is no assurance
that the Fundís investment objectives will be attained.
KA Fund Advisors, LLC
Monique Vo, 877-657-3863
Source: Kayne Anderson Energy Total Return Fund, Inc.