0001752724-20-221121.txt : 20201030 0001752724-20-221121.hdr.sgml : 20201030 20201030160227 ACCESSION NUMBER: 0001752724-20-221121 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20200831 FILED AS OF DATE: 20201030 PERIOD START: 20201130 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Kayne Anderson Energy Infrastructure Fund, Inc. CENTRAL INDEX KEY: 0001293613 IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-21593 FILM NUMBER: 201277300 BUSINESS ADDRESS: STREET 1: 811 MAIN STREET STREET 2: 14TH FLOOR CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 713-425-0242 MAIL ADDRESS: STREET 1: 811 MAIN STREET STREET 2: 14TH FLOOR CITY: HOUSTON STATE: TX ZIP: 77002 FORMER COMPANY: FORMER CONFORMED NAME: Kayne Anderson MLP/Midstream Investment Co DATE OF NAME CHANGE: 20180820 FORMER COMPANY: FORMER CONFORMED NAME: Kayne Anderson MLP Investment CO DATE OF NAME CHANGE: 20040813 FORMER COMPANY: FORMER CONFORMED NAME: Kayne Anderson Midstream Investment CO DATE OF NAME CHANGE: 20040614 NPORT-P 1 primary_doc.xml NPORT-P false 0001293613 XXXXXXXX Kayne Anderson Energy Infrastructure, Inc. 811-21593 0001293613 549300H9ZCLGQEKXQY57 811 Main Street 14th Floor Houston 77002 713-493-2020 Kayne Anderson Energy Infrastructure, Inc. S001293613 549300H9ZCLGQEKXQY57 2020-11-30 2020-08-31 N 1190964732 407797663 783167069 0.00000000 0.00000000 41314668 0.00000000 0.00000000 0.00000000 139685332 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 195717525 2264474 N Western Midstream Partners LP N/A Western Midstream Partners, LP 958669103 4886540.00000000 NS USD 44320917.80000000 5.659190682850 Long EC CORP US N 1 N N N Plains All American Pipeline L.P./PAA Finance Corp. 5521FA2ITF25TVH63740 Plains All American Pipeline, L.P. 726503105 6389968.00000000 NS USD 45240973.44000000 5.776669529499 Long EC CORP US N 1 N N N Kinder Morgan, Inc. 549300WR7IX8XE0TBO16 Kinder Morgan, Inc. 49456B101 2018500.00000000 NS USD 27895670.00000000 3.561905384456 Long EC CORP US N 1 N N N The Williams Companies, Inc. D71FAKCBLFS2O0RBPG08 The Williams Companies, Inc. 969457100 5087521.00000000 NS USD 105616935.96000000 13.48587550991 Long EC CORP US N 1 N N N Xcel Energy Inc LGJNMI9GH8XIDG5RCM61 Xcel Energy, Inc. 98389B100 188900.00000000 NS USD 13123827.50000000 1.675737913336 Long EC CORP US N 1 N N N Antero Midstream Partners LP / Antero Midstream Finance Corp 529900HFO1BDEIT4QU11 Antero Midstream Partners 5.375%, due 9/15/2024 03690AAC0 3081000.00000000 PA USD 2842222.50000000 0.362913944227 Long DBT CORP US N 2 2024-09-15 Fixed 5.37500000 N N N N N N EQUITRANS MIDSTREAM CORPORATION 549300RH0NLJNZ5SXU64 Equitrans Midstream Corporation 294600101 226300.00000000 NS USD 2326364.00000000 0.297045686940 Long EC CORP US N 1 N N N Tallgrass Energy Partners, LP and Tallgrass Energy Finance Corp. 549300IQ3DN0F3VERF65 Tallgrass Energy Partners LP 4.750%, Due 10/01/2023 87470LAE1 2000000.00000000 PA USD 1960000.00000000 0.250265885477 Long DBT CORP US Y 2 2023-10-01 Fixed 4.75000000 N N N N N N MPLX LP 5493000CZJ19CK4P3G36 MPLX LP Convertible Preferred Units 55336V100 2255385.00000000 NS USD 71901673.80000000 9.180885745337 Long EP CORP US Y 3 N N N Bp Midstream Partners Lp 529900PIOYVTOPLH5962 BP Midstream Partners LP 0556EL109 2704754.00000000 NS USD 31889049.66000000 4.071806760301 Long EC CORP US N 1 N N N DCP Midstream LP 52990024YYS3MLGW0E91 DCP Midstream LP 7.375% Preferred 23311PAA8 4500000.00000000 PA USD 3307500.00000000 0.422323681743 Long EP CORP US N 1 N N N Nextera Energy Inc N/A NextEra Energy, Inc. 65339F101 42500.00000000 NS USD 11864725.00000000 1.514967300035 Long EC CORP US N 1 N N N Enbridge Incorporation 98TPTUM4IVMFCZBCUR27 Enbridge, Inc. 29250N105 564800.00000000 NS USD 18084896.00000000 2.309200260819 Long EC CORP CA N 1 N N N Rattler Midstream LP 549300I45NRVEEN9M219 Rattler Midstream LP 75419T103 630700.00000000 NS USD 5278959.00000000 0.674052728843 Long EC CORP US N 1 N N N Oneok Inc. 2T3D6M0JSY48PSZI1Q41 ONEOK, Inc. 682680103 1058448.00000000 NS USD 29086151.04000000 3.713913951609 Long EC CORP US N 1 N N N MPLX LP 5493000CZJ19CK4P3G36 MPLX LP 55336V100 3796543.00000000 NS USD 69362840.61000000 8.856710573717 Long EC CORP US N 1 N N N Algonquin Power & Utilities Corporation 549300K5VIUTJXQL7X75 Algonquin Power & Utilities Corp. 015857105 960300.00000000 NS USD 13280949.00000000 1.695800235441 Long EC CORP CA N 1 N N N Northland Power Inc. 549300IT8CIDW8V5KX72 Northland Power Inc. 666511100 93000.00000000 NS 2607383.25000000 0.332928100938 Long EC CORP CA N 1 N N N Sempra Energy PBBKGKLRK5S5C0Y4T545 Sempra Energy 816851109 105700.00000000 NS USD 13069805.00000000 1.668839959868 Long EC CORP US N 1 N N N Plains Gp Hldgs Lp 549300O56BSKRD8FAM12 Plains GP Holdings, L.P. - Plains AAP, L.P. Class A 72651A207 1622268.00000000 NS USD 11858779.08000000 1.514208085273 Long EC CORP US Y 2 N N N Shell Midstream Partners LP 529900YZVDXMTV4XGE96 Shell Midstream Partners, L.P. 822634101 3588356.00000000 NS USD 37283018.84000000 4.760544756766 Long EC CORP US N 1 N N N Dominion Energy Inc ILUL7B6Z54MRYCF6H308 Dominion Energy, Inc. 25746U109 142600.00000000 NS USD 11185544.00000000 1.428244935564 Long EC CORP US N 1 N N N Noble Midstream Partners L N/A Noble Midstream Partners LP 65506L105 1090627.00000000 NS USD 9772017.92000000 1.247756488596 Long EC CORP US N 1 N N N Transalta Renewables Inc 529900U45A1JKZFABZ35 TransAlta Renewables Inc. 893463109 133300.00000000 NS 1630762.50000000 0.208226643400 Long EC CORP CA N 1 N N N Antero Midstream Partners LP / Antero Midstream Finance Corp 529900HFO1BDEIT4QU11 Antero Midstream Partners, L.P. 5.75%, Due 03/01/2027 03690AAD8 2814000.00000000 PA USD 2511495.00000000 0.320684449003 Long DBT CORP US Y 2 2027-03-01 Fixed 5.75000000 N N N N N N DCP Midstream LP 52990024YYS3MLGW0E91 DCP Midstream, LP 23311P100 732677.00000000 NS USD 9283017.59000000 1.185317661767 Long EC CORP US N 1 N N N Enviva Partners LP / Enviva Partners Finance Corp 549300WH5VXDEFM5KR81 Enviva Partners, LP 29414J107 384613.00000000 NS USD 15872978.51000000 2.026767868351 Long EC CORP US N 1 N N N Clearway Energy Inc 549300LHAZ9HA9G3XC48 Clearwater Energy, Inc. 18539C105 111325.00000000 NS USD 2688498.75000000 0.343285469527 Long EC CORP US N 1 N N N TC Pipelines, LP 6HL0C5LCIE4TN8UZHL06 TC Pipelines, LP 87233Q108 710017.00000000 NS USD 21563216.29000000 2.753335417631 Long EC CORP US N 1 N N N Antero Midstream Partners LP / Antero Midstream Finance Corp 529900HFO1BDEIT4QU11 Antero Midstream Corp 5.750%, Due 01/15/2028 03690AAF3 3196000.00000000 PA USD 2852430.00000000 0.364217305975 Long DBT CORP US Y 2 2028-01-15 Fixed 5.75000000 N N N N N N TC Energy Corp 549300UGKOFV2IWJJG27 TC Energy Corporation 87807B107 342300.00000000 NS USD 15971718.00000000 2.039375585645 Long EC CORP CA N 1 N N N Energy Transfer LP MTLVN9N7JE8MIBIJ1H73 Energy Transfer LP 29273V100 13909888.00000000 NS USD 89301480.96000000 11.40260928923 Long EC CORP US N 1 N N N Clearway Energy Inc 549300LHAZ9HA9G3XC48 Clearway Energy, Inc.-C 18539C204 18005.00000000 NS USD 459307.55000000 0.058647454442 Long EC CORP US N 1 N N N Nextera Energy Partners LP 5493008F4ZOQFNG3WN54 Nextera Energy Partners LP 65341B106 132109.00000000 NS USD 7968814.88000000 1.017511485790 Long EC CORP US N 1 N N N Phillips 66 Partners LP 549300TL5L4IG0H4FX64 Phillips 66 Partners LP 718549207 1200155.00000000 NS USD 32308172.60000000 4.125323175456 Long EC CORP US N 1 N N N Antero Midstream Corporation N/A Antero Midstream Corporation 03676B102 1937300.00000000 NS USD 13115521.00000000 1.674677283960 Long EC CORP US N 1 N N N Pembina Pipeline Corporation 5493002W3L9YICM6FU21 Pembina Pipeline Corporation 706327103 255000.00000000 NS USD 6308700.00000000 0.805536934546 Long EC CORP CA N 1 N N N Eversource Energy SJ7XXD41SQU3ZNWUJ746 Eversource Energy 30040W108 65200.00000000 NS USD 5588292.00000000 0.713550431472 Long EC CORP US N 1 N N N Magellan Midstream Partners LP MZF5TI8NFVZZNUSKDL39 Magellan Midstream Partners, L.P. 559080106 1481140.00000000 NS USD 56298131.40000000 7.188521278337 Long EC CORP US N 1 N N N CHENIERE ENERGY PARTNERS L P 5493005UEC8AZ34LDV29 Cheniere Energy Partners, L.P. 16411Q101 116547.00000000 NS USD 4217835.93000000 0.538561450928 Long EC CORP US N 1 N N N JP Morgan Trust I 549300DM5WZMCZZ70R78 JPMorgan 100% U.S. Treasury Securities Money Market Fund 4812A0375 43107910.43000000 PA USD 43107910.43000000 5.504305803491 Long STIV RF US N 1 N N N EQUITRANS MIDSTREAM CORPORATION 549300RH0NLJNZ5SXU64 Equitrans Midstream Corporation Convertible Preferred Units 294600101 1187597.00000000 NS USD 24072591.19000000 3.073749158112 Long EP CORP US Y 3 N N N Targa Resources Co 5493003QENHHS261UR94 Targa Resources Corp. 87612G101 3387811.00000000 NS USD 57626665.11000000 7.358157332072 Long EC CORP US N 1 N N N Brookfield Renewable Partner S.L.P VA8DFMRI2GY8Y7V79H93 Brookfield Renewable Partners L.P. G16258108 171100.00000000 NS USD 7774784.00000000 0.992736327630 Long EC CORP CA N 1 N N N Enterprise Prods P K4CDIF4M54DJZ6TB4Q48 Enterprise Products Partners L.P. 293792107 7073607.00000000 NS USD 124212538.92000000 15.86028624500 Long EC CORP US N 1 N N N Brookfield Renewable Corporation N/A Brookfield Renewable Partners L.P. 11284V105 122890.00000000 NS USD 6257558.80000000 0.799006884698 Long EC CORP CA N 1 N N N EQM MIDSTREAM PARTNERS LP 549300NELT611CL6XM83 EQM Midstream Partners, LP 6.500%, Due 07/15/2048 26885BAE0 515000.00000000 PA USD 520150.00000000 0.066416224658 Long DBT CORP US N 2 2048-07-15 Fixed 6.50000000 N N N N N N Cheniere Energy Inc MIHC87W9WTYSYZWV1J40 Cheniere Energy, Inc. 16411R208 40700.00000000 NS USD 2118435.00000000 0.270495924031 Long EC CORP US N 1 N N N Atlantica Sustainable Infrastructure plc 549300ITBBGKJ651R879 Atlantica Sustainable Infrastructure plc G0751N103 379857.00000000 NS USD 11407105.71000000 1.456535413901 Long EC CORP US N 1 N N N 2020-10-30 Kayne Anderson Kayne Anderson Sarah Criger AVP, Fund Accounting XXXX NPORT-EX 2 d72910d8k.htm HTML

KAYNE ANDERSON ENERGY INFRASTRUCTURE FUND, INC.

SCHEDULE OF INVESTMENTS

AUGUST 31, 2020

(amounts in 000’s)

(UNAUDITED)

 

Description

                  No. of
Shares/Units		      Value  

Long-Term Investments — 141.1%

            

Equity Investments(1) — 139.7%

            

United States — 129.1%

            

Midstream Energy Company(2) — 118.7%

            

Antero Midstream Corporation

 

      1,937      $ 13,115  

BP Midstream Partners LP

 

      2,705        31,889  

Cheniere Energy, Inc.(3)

 

      41        2,118  

Cheniere Energy Partners, L.P.

 

      117        4,218  

DCP Midstream, LP

 

      733        9,283  

DCP Midstream, LP — Series A Preferred Units(4)

 

      4,500        3,308  

Energy Transfer LP

 

      13,910        89,301  

Enterprise Products Partners L.P.

 

      7,074        124,212  

Equitrans Midstream Corporation

 

      226        2,326  

Equitrans Midstream Corporation — Convertible Preferred Units(5)(6)(7)

 

      1,188        24,073  

Kinder Morgan, Inc.

 

      2,019        27,896  

Magellan Midstream Partners, L.P.

 

      1,481        56,298  

MPLX LP

 

      3,797        69,363  

MPLX LP — Convertible Preferred Units(5)(6)(8)

 

      2,255        71,902  

Noble Midstream Partners LP

 

      1,091        9,772  

ONEOK, Inc.

 

      1,058        29,086  

Phillips 66 Partners LP

 

      1,200        32,308  

Plains All American Pipeline, L.P.(9)

 

      6,390        45,241  

Plains GP Holdings, L.P. — Plains AAP, L.P.(6)(9)(10)

 

      1,622        11,859  

Rattler Midstream LP

 

      631        5,279  

Shell Midstream Partners, L.P.

 

      3,588        37,283  

Targa Resources Corp.

 

      3,388        57,627  

TC PipeLines, LP

 

      710        21,563  

The Williams Companies, Inc.

 

      5,088        105,617  

Western Midstream Partners, LP

 

      4,887        44,321  
           

 

 

  
              929,258  
           

 

 

  

Utility Company(2) — 7.0%

 

   

Dominion Energy, Inc.

 

      143        11,186  

Eversource Energy

 

      65        5,588  

NextEra Energy, Inc.

 

      43        11,865  

Sempra Energy

 

      106        13,070  

Xcel Energy Inc.

 

      189        13,124  
           

 

 

  
              54,833  
           

 

 

  

Renewable Infrastructure Company(2) — 3.4%

 

   

Clearway Energy, Inc., Class A

 

      111        2,688  

Clearway Energy, Inc., Class C

 

      18        459  

Enviva Partners, LP

 

      385        15,873  

NextEra Energy Partners, LP

 

      132        7,969  
           

 

 

  
              26,989  
           

 

 

  

Total United States (Cost —$1,562,575)

 

      1,011,080  
           

 

 

  

 

See accompanying notes to financial statements.

KAYNE ANDERSON ENERGY INFRASTRUCTURE FUND, INC.

SCHEDULE OF INVESTMENTS

AUGUST 31, 2020

(amounts in 000’s)

(UNAUDITED)

 

Description

                 No. of
Shares/Units		      Value  

Canada — 9.2%

           

Midstream Energy Company(2) — 5.2%

           

Enbridge Inc.

 

      565      $ 18,085  

Pembina Pipeline Corporation

 

      255        6,308  

TC Energy Corporation

 

      342        15,972  
          

 

 

  
             40,365  
          

 

 

  

Renewable Infrastructure Company(2) — 2.3%

 

      

Brookfield Renewable Corporation

 

      123        6,258  

Brookfield Renewable Partners L.P.

 

      171        7,775  

Northland Power Inc.

     93        2,607  

TransAlta Renewables Inc.

 

      133        1,631  
          

 

 

  
             18,271  
          

 

 

  

Utility Company(2) — 1.7%

 

      

Algonquin Power & Utilities Corp.

 

      960        13,281  
          

 

 

  

Total Canada (Cost — $68,790)

 

      71,917  
          

 

 

  

United Kingdom — 1.4%

           

Renewable Infrastructure Company(2) — 1.4%

 

      

Atlantica Sustainable Infrastructure plc (Cost — $10,374)

 

      380        11,407  
          

 

 

  

Total Equity Investments (Cost — $1,641,739)

 

      1,094,404  
          

 

 

  
     Interest
Rate		     Maturity
Date		      Principal
Amount		         

Debt Instruments — 1.4%

           

United States — 1.4%

           

Midstream Energy Company(2) — 1.4%

           

Antero Midstream Corporation

      5.375 %      9/15/24      $ 3,081        2,842  

Antero Midstream Corporation(6)

      5.750       3/1/27        2,814        2,512  

Antero Midstream Corporation(6)

      5.750       1/15/28        3,196        2,852  

EQM Midstream Partners, LP

      6.500       7/15/48        515        520  

Tallgrass Energy Partners, LP(6)

      4.750       10/1/23        2,000        1,960  
          

 

 

  

Total Debt Investments (Cost — $9,742)

 

      10,686  
          

 

 

  

Total Long-Term Investments (Cost — $1,651,481)

 

      1,105,090  
          

 

 

  
                   No. of
Shares/Units		         

Short-Term Investment — Money Market Fund — 5.5%

 

JPMorgan 100% U.S. Treasury Securities Money Market Fund — Capital Shares, 0.02%(11) (Cost — $43,108)

 

      43,108        43,108  
          

 

 

  

Total Investments — 146.6% (Cost — $1,694,589)

 

      1,148,198  
          

 

 

  

 

See accompanying notes to financial statements.

KAYNE ANDERSON ENERGY INFRASTRUCTURE FUND, INC.

SCHEDULE OF INVESTMENTS

AUGUST 31, 2020

(amounts in 000’s)

(UNAUDITED)

 

                    Value  

Debt

   $ (181,000 ) 

Mandatory Redeemable Preferred Stock at Liquidation Value

      (195,718 ) 

Current Income Tax Asset, net

      35,233  

Deferred Income Tax Liability, net

      (22,018 ) 

Other Liabilities in Excess of Other Assets

     (1,528 ) 
           

 

 

  

Net Assets Applicable to Common Stockholders

   $ 783,167  
           

 

 

  

 

 

  (1)

Unless otherwise noted, equity investments are common units/common shares.

 

  (2)

Refer to “Glossary of Key Terms” for definitions of Midstream Energy Company, Renewable Infrastructure Company and Utility Company.

 

  (3)

Security is non-income producing.

 

  (4)

Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units. Distributions are payable at a rate of 7.375% per annum to December 15, 2022. On and after December 15, 2022, distributions on the Series A Preferred Units will be payable at a rate equal to the three-month LIBOR plus 5.148% per annum.

 

  (5)

Fair valued security. See Notes 2 and 3 in Notes to Financial Statements.

 

  (6)

The Company’s ability to sell this security is subject to certain legal or contractual restrictions. As of August 31, 2020, the aggregate value of restricted securities held by the Company was $115,158 (9.7% of total assets), which included $19,183 of Level 2 securities and $95,975 of Level 3 securities. See Note 7 — Restricted Securities.

 

  (7)

On April 10, 2019, the Company purchased, in a private placement, Series A Convertible Preferred Units (“EQM Convertible Preferred Units”) from EQM Midstream Partners, LP (“EQM”). On June 17, 2020, Equitrans Midstream Corporation (“ETRN”) and EQM completed their previously announced stock-for-unit merger. In connection with the merger, a portion of the EQM Convertible Preferred Units held by the Company were exchanged for newly-issued ETRN Convertible Preferred Shares. The ETRN Convertible Preferred Shares will be convertible on a one-for-one basis into common shares of ETRN after April 10, 2021. The ETRN Convertible Preferred Shares pay quarterly cash distributions based on an annual rate of 9.75% through March 31, 2024.

 

  (8)

On May 13, 2016, the Company purchased, in a private placement, Series A Convertible Preferred Units (“MPLX Convertible Preferred Units”) from MPLX LP (“MPLX”). The MPLX Convertible Preferred Units are convertible on a one-for-one basis into common units of MPLX and are senior to the common units in terms of liquidation preference and priority of distributions. As of August 31, 2020, the MPLX Convertible Preferred Units pay a quarterly distribution of $0.6875 per unit.

 

  (9)

The Company believes that it is an affiliate of Plains AAP, L.P. (“PAGP-AAP”) and Plains All American Pipeline, L.P. (“PAA”). See Note 5 — Agreements and Affiliations.

 

(10)

The Company’s ownership of PAGP-AAP is exchangeable on a one-for-one basis into either Plains GP Holdings, L.P. (“PAGP”) shares or PAA units at the Company’s option. The Company values its PAGP-AAP investment on an “as exchanged” basis based on the higher public market value of either PAGP or PAA. As of August 31, 2020, the Company’s PAGP-AAP investment is valued at PAGP’s closing price. See Notes 3 and 7 in Notes to Financial Statements.

 

(11)

The rate indicated is the yield as of August 31, 2020.

 

See accompanying notes to financial statements.