0001752724-22-098445.txt : 20220502 0001752724-22-098445.hdr.sgml : 20220502 20220429183000 ACCESSION NUMBER: 0001752724-22-098445 CONFORMED SUBMISSION TYPE: NT NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20220228 FILED AS OF DATE: 20220502 PERIOD START: 20221130 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: NT NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-21593 FILM NUMBER: 22878285 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 Fund, Inc. 811-21593 0001293613 549300H9ZCLGQEKXQY57 811 Main Street 14th Floor Houston 77002 713-493-2020 KAYNE ANDERSON ENERGY INFRASTRUCTURE FUND, INC S001293613 549300H9ZCLGQEKXQY57 2022-11-30 2022-02-28 N 1820768997 537811033.91 1282957963.09 0.00000000 0.00000000 153897030.46 0.00000000 0.00000000 0.00000000 100788301.76 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 101669875 2036588.89 N Pembina Pipeline Corporation 5493002W3L9YICM6FU21 Pembina Pipeline Corporation 706327103 733200.00000000 NS USD 24899472.00000000 1.940786270193 Long EC CORP CA N 1 N N N Aris Water Solutions Inc N/A Aris Water Solutions, Inc. Class A 04041L106 667000.00000000 NS USD 9744870.00000000 0.759562688751 Long EC CORP US N 1 N N N Targa Resources Co 5493003QENHHS261UR94 Targa Resources Corp. 87612G101 2305211.00000000 NS USD 150691643.07000000 11.74564151011 Long EC CORP US N 1 N N N Evergy Inc 549300PGTHDQY6PSUI61 Evergy, Inc. 30034W106 121200.00000000 NS USD 7564092.00000000 0.589582216846 Long EC CORP US N 1 N N N Shell PLC 21380068P1DRHMJ8KU70 Shell plc 780259305 140000.00000000 NS USD 7334600.00000000 0.571694491246 Long EC CORP US N 1 N N N Duke Energy Corp I1BZKREC126H0VB1BL91 Duke Energy Corporation 26441C204 144700.00000000 NS USD 14529327.00000000 1.132486598781 Long EC CORP US N 1 N N N DCP Midstream LP 52990024YYS3MLGW0E91 DCP Midstream, LP 23311P100 323000.00000000 NS USD 10684840.00000000 0.832828534324 Long EC CORP US N 1 N N N Eversource Energy SJ7XXD41SQU3ZNWUJ746 Eversource Energy 30040W108 108000.00000000 NS USD 8834400.00000000 0.688596217036 Long EC CORP US N 1 N N N TC Energy Corp 549300UGKOFV2IWJJG27 TC Energy Corporation 87807B107 1072811.00000000 NS USD 57620678.81000000 4.491236694242 Long EC CORP CA N 1 N N N Hess Midstream LP N/A Hess Midstream LP Class A 428103105 334000.00000000 NS USD 10674640.00000000 0.832033496583 Long EC CORP US N 1 N N N Oneok Inc. 2T3D6M0JSY48PSZI1Q41 ONEOK, Inc. 682680103 1058448.00000000 NS USD 69116654.40000000 5.387289091961 Long EC CORP US N 1 N N N Kinder Morgan, Inc. 549300WR7IX8XE0TBO16 Kinder Morgan, Inc. 49456B101 2018500.00000000 NS USD 35121900.00000000 2.737572158280 Long EC CORP US N 1 N N N Innergex Renewable Energy Inc. 549300EORYEC4J59SU80 Innergex Renewable Energy Inc. 45790B104 734800.00000000 NS 10677150.63000000 0.832229187329 Long EC CORP CA N 1 N N N American Electric Power Co, Inc. 1B4S6S7G0TW5EE83BO58 American Electric Power Company, Inc. 025537101 57000.00000000 NS USD 5167050.00000000 0.402745074168 Long EC CORP US N 1 N N N The Williams Companies, Inc. D71FAKCBLFS2O0RBPG08 The Williams Companies, Inc. 969457100 4291021.00000000 NS USD 134223136.88000000 10.46200582883 Long EC CORP US N 1 N N N Dominion Energy Inc ILUL7B6Z54MRYCF6H308 Dominion Energy, Inc. 25746U109 437100.00000000 NS USD 34762563.00000000 2.709563680190 Long EC CORP US N 1 N N N DT Midstream Inc N/A DT Midstream, Inc. 23345M107 869800.00000000 NS USD 46186380.00000000 3.599991685523 Long EC CORP US N 1 N N N Enterprise Products Partners L.P. K4CDIF4M54DJZ6TB4Q48 Enterprise Product Partners, LP 7.25% Preferred 293792107 22775.00000000 NS USD 24737294.00000000 1.928145326010 Long EC CORP US Y 3 N N N MPLX LP 5493000CZJ19CK4P3G36 MPLX LP Convertible Preferred Units 55336V100 2255385.00000000 NS USD 82772629.50000000 6.451702384748 Long EC CORP US Y 3 N N N Nextera Energy Partners LP 5493008F4ZOQFNG3WN54 Nextera Energy Partners, L.P. 65341B106 269109.00000000 NS USD 20993193.09000000 1.636311842941 Long EC CORP US N 1 N N N Cheniere Energy Partners L P 5493005UEC8AZ34LDV29 Cheniere Energy Partners, L.P. 16411Q101 194547.00000000 NS USD 10503592.53000000 0.818701222657 Long EC CORP US N 1 N N N Clearway Energy Inc 549300LHAZ9HA9G3XC48 Clearwater Energy, Inc. 18539C105 111325.00000000 NS USD 3405431.75000000 0.265435957215 Long EC CORP US N 1 N N N Magellan Midstream Partners LP MZF5TI8NFVZZNUSKDL39 Magellan Midstream Partners, L.P. 559080106 1233940.00000000 NS USD 59870768.80000000 4.666619680648 Long EC CORP US N 1 N N N Rattler Midstream LP 549300I45NRVEEN9M219 Rattler Midstream LP 75419T103 756000.00000000 NS USD 10440360.00000000 0.813772570915 Long EC CORP US N 1 N N N TransAlta Corporation GJZNVO2UY6DNFNIYH321 TRANSALTA CORP. 89346D107 1149800.00000000 NS 11667068.24000000 0.909388193195 Long EC CORP CA N 1 N N N Energy Transfer LP MTLVN9N7JE8MIBIJ1H73 Energy Transfer, L.P. 29273V100 14774888.00040000 NS USD 149817364.32000000 11.67749596090 Long EC CORP US N 1 N N N Enviva Inc 549300WH5VXDEFM5KR81 Enviva, Inc. 29415B103 372404.00000000 NS USD 25956558.80000000 2.023180770278 Long EC CORP US N 1 N N N Phillips 66 5493005JBO5YSIGK1814 Phillips 66 718546104 186000.00000000 NS USD 15668640.00000000 1.221290209872 Long EC CORP US N 1 N N N Enbridge Incorporation 98TPTUM4IVMFCZBCUR27 Enbridge, Inc. 29250N105 841800.00000000 NS USD 36348924.00000000 2.833212392435 Long EC CORP CA N 1 N N N Sempra PBBKGKLRK5S5C0Y4T545 Sempra Energy 816851109 232800.00000000 NS USD 33574416.00000000 2.616953709000 Long EC CORP US N 1 N N N Plains GP Holdings LP 549300O56BSKRD8FAM12 Plains GP Holdings, L.P. - Plains AAP, L.P. Class A 72651A207 1622268.00000000 NS USD 18347851.08000000 1.430120986646 Long EC CORP US Y 2 N N N Atlantica Sustainable Infrastructure PLC 549300ITBBGKJ651R879 Atlantica Sustainable Infrastructure plc G0751N103 728980.00000000 NS USD 24603075.00000000 1.917683642630 Long EC CORP US N 1 N N N Clearway Energy Inc 549300LHAZ9HA9G3XC48 Clearway Energy, Inc. 18539C204 365000.00000000 NS USD 12191000.00000000 0.950225989527 Long EC CORP US N 1 N N N Nextera Energy Inc N/A NextEra Energy, Inc. 65339F101 150600.00000000 NS USD 11787462.00000000 0.918772269951 Long EC CORP US N 1 N N N Xcel Energy Inc LGJNMI9GH8XIDG5RCM61 Xcel Energy, Inc. 98389B100 250300.00000000 NS USD 16852699.00000000 1.313581542407 Long EC CORP US N 1 N N N Western Midstream Partners LP N/A Western Midstream Partners, LP 958669103 3222040.00000000 NS USD 83901921.60000000 6.539724918026 Long EC CORP US N 1 N N N Phillips 66 Partners LP 549300TL5L4IG0H4FX64 Phillips 66 Partners LP 718549207 334855.00000000 NS USD 14120835.35000000 1.100646767567 Long EC CORP US N 1 N N N Enterprise Products Partners L.P. K4CDIF4M54DJZ6TB4Q48 Enterprise Products Partners L.P. 293792107 6685987.00000000 NS USD 163271802.54000000 12.72620048647 Long EC CORP US N 1 N N N Cheniere Energy Inc MIHC87W9WTYSYZWV1J40 Cheniere Energy, Inc. 16411R208 667200.00000000 NS USD 88670880.00000000 6.911440791593 Long EC CORP US N 1 N N N MPLX LP 5493000CZJ19CK4P3G36 MPLX LP 55336V100 4243043.00000000 NS USD 139086949.54000000 10.84111510598 Long EC CORP US N 1 N N N Brookfield Renewable Partners L P VA8DFMRI2GY8Y7V79H93 Brookfield Renewable Partners L.P. G16258108 567300.00000000 NS USD 20377416.00000000 1.588315173703 Long EC CORP CA N 1 N N N Northland Power Inc. 549300IT8CIDW8V5KX72 Northland Power Inc. 666511100 376500.00000000 NS 11962746.88000000 0.932434828276 Long EC CORP CA N 1 N N N Plains All American Pipeline L.P./PAA Finance Corp. 5521FA2ITF25TVH63740 Plains All American Pipeline, L.P. 726503105 7187768.00000000 NS USD 75974707.76000000 5.921839214202 Long EC CORP US N 1 N N N 2022-04-29 Kayne Anderson Kayne Anderson Sarah Criger AVP, Fund Accounting XXXX NPORT-EX 2 s136564_nportex.htm

KAYNE ANDERSON ENERGY INFRASTRUCTURE FUND, INC.
SCHEDULE OF INVESTMENTS
FEBRUARY 28, 2022
(amounts in 000’s)
(UNAUDITED)

Description

  

No. of
Shares/Units

  

Value

Long-Term Investments — 140.7%

      

 

  

Equity Investments(1) — 140.7%

      

 

  

Midstream Energy Company(2) — 117.5%

      

 

  

Aris Water Solutions, Inc.

  

667

  

$

9,745

Cheniere Energy, Inc.

  

667

  

 

88,671

Cheniere Energy Partners, L.P.

  

195

  

 

10,503

DCP Midstream, LP

  

323

  

 

10,685

DT Midstream, Inc.

  

870

  

 

46,186

Enbridge Inc.(3)

  

842

  

 

36,349

Energy Transfer LP

  

14,775

  

 

149,817

Enterprise Products Partners L.P.

  

6,686

  

 

163,272

Enterprise Products Partners L.P. — Convertible Preferred Units(4)(5)(6)

  

23

  

 

24,737

Hess Midstream LP

  

334

  

 

10,674

Kinder Morgan, Inc.

  

2,019

  

 

35,122

Magellan Midstream Partners, L.P.

  

1,234

  

 

59,871

MPLX LP

  

4,243

  

 

139,087

MPLX LP — Convertible Preferred Units(4)(5)(7)

  

2,255

  

 

82,773

ONEOK, Inc.

  

1,058

  

 

69,117

Pembina Pipeline Corporation(3)

  

733

  

 

24,899

Phillips 66 Partners LP(8)

  

335

  

 

14,121

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

  

7,188

  

 

75,975

Plains GP Holdings, L.P. — Plains AAP, L.P.(5)(9)(10)

  

1,622

  

 

18,348

Rattler Midstream LP

  

756

  

 

10,440

Targa Resources Corp.

  

2,305

  

 

150,692

TC Energy Corporation(3)

  

1,073

  

 

57,621

The Williams Companies, Inc.

  

4,291

  

 

134,223

Western Midstream Partners, LP

  

3,222

  

 

83,902
       

 

1,506,830

Utility Company(2) — 11.3%

      

 

  

American Electric Power Company, Inc.

  

57

  

 

5,167

Dominion Energy, Inc.

  

437

  

 

34,763

Duke Energy Corporation

  

145

  

 

14,529

Evergy, Inc.

  

121

  

 

7,564

Eversource Energy

  

108

  

 

8,834

NextEra Energy, Inc.

  

151

  

 

11,787

Sempra Energy

  

233

  

 

33,574

TransAlta Corporation(3)

  

1,150

  

 

11,667

Xcel Energy Inc.

  

250

  

 

16,853
       

 

144,738

See accompanying notes to financial statements.

 

KAYNE ANDERSON ENERGY INFRASTRUCTURE FUND, INC.
SCHEDULE OF INVESTMENTS
FEBRUARY 28, 2022
(amounts in 000’s)
(UNAUDITED)

Description

  

No. of
Shares/Units

  

Value

Renewable Infrastructure Company(2) — 10.1%

      

 

  

 

Atlantica Sustainable Infrastructure plc(3)

  

729

  

$

24,603

 

Brookfield Renewable Partners L.P.(3)

  

567

  

 

20,378

 

Clearway Energy, Inc. — Class A

  

111

  

 

3,406

 

Clearway Energy, Inc. — Class C

  

365

  

 

12,191

 

Enviva Inc.

  

372

  

 

25,957

 

Innergex Renewable Energy Inc.(3)

  

735

  

 

10,677

 

NextEra Energy Partners, LP

  

269

  

 

20,993

 

Northland Power Inc.(3)

  

377

  

 

11,963

 
       

 

130,168

 

Energy Company(2) — 1.8%

      

 

  

 

Phillips 66(8)

  

186

  

 

15,669

 

Shell plc — ADR(3)(11)

  

140

  

 

7,334

 
       

 

23,003

 

Total Long-Term Investments — 140.7%
(Cost — $1,744,517)

      

 

1,804,739

 

Debt

      

 

(324,686

)

Mandatory Redeemable Preferred Stock at Liquidation Value

      

 

(101,670

)

Current Income Tax Receivable, net

      

 

7,877

 

Deferred Income Tax Liability, net

      

 

(104,916

)

Other Assets in Excess of Other Liabilities

      

 

1,614

 

Net Assets Applicable to Common Stockholders

      

$

1,282,958

 

____________

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

(2)    Refer to Glossary of Key Terms for definitions of Energy Company, Midstream Energy Company, Renewable Infrastructure Company and Utility Company.

(3)    Foreign security.

(4)    Fair valued on a recurring basis using significant unobservable inputs (Level 3). See Notes 2 and 3 in Notes to Financial Statements.

(5)    The Company’s ability to sell this security is subject to certain legal or contractual restrictions. As of February 28, 2022, the aggregate value of restricted securities held by the Company was $125,858 (6.9% of total assets), which included $18,348 of Level 2 securities and $107,510 of Level 3 securities. See Note 7 — Restricted Securities.

(6)    Enterprise Products Partners, L.P. (“EPD”) Series A Cumulative Convertible Preferred Units (“EPD Convertible Preferred Units”) are senior to the common units in terms of liquidation preference and priority of distributions, and pay a distribution of 7.25% per annum. The EPD Convertible Preferred Units are convertible into EPD common units at any time after September 29, 2025 at the liquidation preference amount divided by 92.5% of the 5-day volume weighted average price of EPD’s common units at such time.

See accompanying notes to financial statements.

 

KAYNE ANDERSON ENERGY INFRASTRUCTURE FUND, INC.
SCHEDULE OF INVESTMENTS
FEBRUARY 28, 2022
(amounts in 000’s)
(UNAUDITED)

  

(7)    MPLX LP Series A Convertible Preferred Units (“MPLX Convertible Preferred Units”) are convertible on a one-for-one basis into common units of MPLX LP and are senior to the common units in terms of liquidation preference and priority of distributions. For the quarter ended February 28, 2022, the Company received a distribution of $0.705 per MPLX Convertible Preferred Unit.

(8)    On March 9, 2022, Phillips 66 (“PSX”) announced the completion of the previously announced merger between PSX and Phillips 66 Partners LP (“PSXP”). The merger resulted in PSX acquiring all of the publicly held common units of PSXP not already owned. As a result, KYN received 0.50 shares of PSX common stock for each PSXP common unit held.

(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 February 28, 2022, the Company’s PAGP-AAP investment is valued at PAGP’s closing price. See Note 7 — Restricted Securities.

(11)  ADR — American Depositary Receipt.

At February 28, 2022, the Company’s geographic allocation was as follows:

Geographic Location

  

% of Long-Term
Investments

United States

  

88.6%

Canada

  

9.6%

Europe/U.K.

  

1.8%

See accompanying notes to financial statements.