0001193125-20-123132.txt : 20200428 0001193125-20-123132.hdr.sgml : 20200428 20200428164058 ACCESSION NUMBER: 0001193125-20-123132 CONFORMED SUBMISSION TYPE: N-23C-2 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200424 FILED AS OF DATE: 20200428 DATE AS OF CHANGE: 20200428 EFFECTIVENESS DATE: 20200428 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KAYNE ANDERSON MIDSTREAM/ENERGY FUND, INC. CENTRAL INDEX KEY: 0001500096 IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: N-23C-2 SEC ACT: 1940 Act SEC FILE NUMBER: 817-01394 FILM NUMBER: 20825691 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 N-23C-2 1 d924072dn23c2.htm N-23C-2 N-23C-2

Securities and Exchange Commission

Washington, DC 20549

Rule 23c-2 Notice of Intention to

Redeem Securities

of

Kayne Anderson Midstream/Energy Fund, Inc.

811 Main Street, 14th floor

Houston, Texas 77002

under the

Investment Company Act of 1940

Investment Company Act File No. 811-22467

 

(1)

Title of the class of securities of Kayne Anderson Midstream/Energy Fund, Inc. (the “Fund”) to be redeemed:

Series D Mandatory Redeemable Preferred Shares, liquidation preference $25.00 per share (CUSIP 48661E 5*5) (the “Series D Shares”).

 

(2)

Date on which the securities are to be called or redeemed:

The date fixed for redemption of the Series D Shares is April 24, 2020.

 

(3)

Applicable provisions of the governing instrument pursuant to which the securities are to be redeemed:

The Series D Shares are to be redeemed pursuant to Section 3 of the Fund’s Articles Supplementary for the Series D Mandatory Redeemable Preferred Shares, filed with the State Department of Assessments and Taxation of the State of Maryland on August 3, 2018.

 

(4)

The principal amount or number of shares and the basis upon which the securities to be redeemed are to be selected:

The Fund will redeem 292,141 of the outstanding Series D Shares, representing an aggregate liquidation preference amount of $7,305,525, at a total redemption price of $7,428,788.58 and a redemption price per share of $25.4287778. The redemption price per share is equal to $25.00, plus (i) accumulated but unpaid dividends of $0.1787778, calculated using the rate of 3.36% accrued for the period beginning on and including March 1, 2020 through March 16, 2020 and 5.36% for the period beginning on and including March 17, 2020 (whether or not earned or declared by the Fund, but excluding interest thereon) to, but not including, the redemption date; and (ii) a redemption premium equal to $0.25.

SIGNATURE

Pursuant to the requirement of Rule 23c-2 under the Investment Company Act of 1940, the Fund has duly caused this Notice of Intention to Redeem Securities to be signed on its behalf by the undersigned on this 28th day of April, 2020.

 

KAYNE ANDERSON MIDSTREAM/ENERGY FUND, INC.

By: /s/ Terry A. Hart                                    

Name: Terry A. Hart

Title:   Chief Financial Officer

 

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