Kayne Anderson MLP announces distribution of 45c per share for Q4
Kayne Anderson MLP announced its quarterly distribution of 45c per share for the quarter ended November 30, 2017. The distribution will be payable on January 12, 2018 to common stockholders of record on January 5, 2018, with an ex-dividend date of January 4, 2018. The company estimates that 100% of this distribution will be treated as a return of capital for tax purposes. This estimate is based on the company's anticipated earnings and profits for fiscal 2018 and its accumulated earnings and profits as of November 30, 2017. The company's estimate does not include a projection of gains and losses on the sale of securities for the remainder of fiscal 2018. The final determination of the tax character of the distribution will be made in early 2019 when the company can determine its actual earnings and profits for the full year and may differ substantially from this preliminary information.