SOURCE: Kayne Anderson MLP Investment Company

May 01, 2007 17:44 ET

Kayne Anderson MLP Investment Company Announces Its Net Asset Value at April 30, 2007

LOS ANGELES, CA -- (MARKET WIRE) -- May 1, 2007 -- Kayne Anderson MLP Investment Company (the "Company") (NYSE: KYN) today announced its net asset value at April 30, 2007.

At April 30, 2007, the Company's net assets were $1.4 billion and its net asset value per share was $34.04, based on 42.0 million shares outstanding.

At April 30, 2007, the Company's total assets and long-term investments were $2.2 billion. The Company's ten largest holdings by issuer at April 30, 2007 were:

                                                          Percent of
                                            Amount        Long-Term
                                        ($ in millions)   Investments
                                         -------------    -----------
1.  Energy Transfer Partners, L.P.          $266.8           12.1%
2.  Magellan Midstream Partners, L.P.        196.8            8.9
3.  Plains All American Pipeline, L.P.       183.6            8.3
4.  Enterprise Products Partners L.P.        173.9            7.9
5.  Copano Energy, L.L.C.                    153.1            7.0
6.  Kinder Morgan Management, LLC            148.7            6.8
7.  Crosstex Energy, L.P.                    104.7            4.8
8.  Inergy, L.P.                              98.2            4.5
9.  Enbridge Energy Partners, L.P.            86.9            3.9
10. Markwest Energy Partners, L.P.            79.6            3.6

Kayne Anderson MLP Investment Company is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940, whose common stock is traded on the NYSE. The Company's investment objective is to obtain a high after-tax total return by investing at least 85% of its total assets in energy-related master limited partnerships and their affiliates, and in other companies that, as their principal business, operate assets used in the gathering, transporting, processing, storing, refining, distributing, mining or marketing natural gas, natural gas liquids (including propane), crude oil, refined petroleum products or coal.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press release contains "forward-looking statements" as defined under the U.S. federal securities laws. Generally, the words "believe," "expect," "intend," "estimate," "anticipate," "project," "will" and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ from the Company's historical experience and its present expectations or projections indicated in any forward-looking statements. These risks include, but are not limited to, changes in economic and political conditions; regulatory and legal changes; MLP industry risk; leverage risk; valuation risk; interest rate risk; tax risk; and other risks discussed in the Company's filings with the SEC. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Company undertakes no obligation to publicly update or revise any forward-looking statements made herein. There is no assurance that the Company's investment objectives will be attained.