Kayne Anderson Energy Fund (KED)

[Timothy Smith]

Investment Merits MLP Sector Opportunity
- MLPs provide steady distributions with attractive growth profiles. MLPs are expanding their asset bases to meet growing needs for energy infrastructure in the U.S.

Attractive Fund Structure
- KED issues a Form 1099 (as opposed to K-1s issued by MLPs).
-Suitable for IRAs, foundations and tax-exempt accounts, because unlike direct holdings in MLPs, KED does not generate unrelated business taxable income (UBTI).

Access to Private Investments
- Provides access to private investment opportunities not available to retail investors.
- Kayne Anderson pioneered the private MLP market and is the leading investment firm originating and structuring private MLPs.