LOS ANGELES, CA -- (MARKET WIRE) -- 04/11/08 -- (NYSE: KYN) Kayne Anderson MLP InvestmentCompany (the "Company") announced today that it intends to satisfy theprovisions under the Company's Dividend Reinvestment Plan by issuing sharesat $27.54 per share, or 95% of the closing market price on April 10, 2008,which was in excess of its net asset value per share of $26.96 on suchdate. The Company's closing market price per share on such date was $28.99.Kayne Anderson MLP Investment Company is a non-diversified, closed-endmanagement investment company registered under the Investment Company Actof 1940 whose common stock is traded on the NYSE. The Company's investmentobjective is to obtain a high after-tax total return by investing at least85% of its total assets in energy-related master limited partnerships andtheir affiliates, and in other companies that, as their principal business,operate assets used in the gathering, transporting, processing, storing,refining, distributing, mining or marketing of natural gas, natural gasliquids (including propane), crude oil, refined petroleum products or coal.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press releasecontains "forward-looking statements" as defined under the U.S. federalsecurities laws. Generally, the words "believe," "expect," "intend,""estimate," "anticipate," "project," "will" and similar expressionsidentify forward-looking statements, which generally are not historical innature. Forward-looking statements are subject to certain risks anduncertainties that could cause actual results to differ from the Company'shistorical experience and its present expectations or projections indicatedin any forward-looking statements. These risks include, but are not limitedto, changes in economic and political conditions; regulatory and legalchanges; MLP industry risk; leverage risk; valuation risk; interest raterisk; tax risk; and other risks discussed in the Company's filings with theSEC. You should not place undue reliance on forward-looking statements,which speak only as of the date they are made. The Company undertakes noobligation to publicly update or revise any forward-looking statements madeherein. There is no assurance that the Company's investment objectives willbe attained.
Contact:
KA Fund Advisors, LLC
Monique Vo
877-657-3863
http://www.kaynefunds.com