KAYNE ANDERSON ENERGY DEVELOPMENT COMPANY CONSOLIDATED
STATEMENT OF ASSETS AND LIABILITIES
(amounts in 000’s, except share and per share amounts)
(UNAUDITED)
| ASSETS | August 31,2008 (Unaudited) |
November 30, 2007 | |||
| Investments, at fair value: Non-affiliated (Cost —$165,487 and $195,941, respectively) |
$ 152,245 |
$205,811 |
|||
| Investments at fair value: Affiliated (Cost —$119,599 and $114,172, respectively) | 147,576 |
120,891 |
|||
| U.S. Treasury Bills, at fair value (Cost — $0 and $14,251, respectively) | -- |
14,250 |
|||
| Repurchase agreements (Cost —$5,057 and $10,769, respectively) | 5,057 |
10,769 |
|||
| Total investments (Cost —$290,143 and $335,133, respectively) | 304,878 |
351,721 |
|||
| Deposits with brokers | 123 |
121 |
|||
| Receivable for securities sold | 431 |
766 |
|||
| Interest, dividends and distributions receivable, net | 381 |
1,515 |
|||
| Debt issuance costs, prepaid expenses and other assets | 821 |
1,264 |
|||
| Total Assets | $306,634 |
$355,387 |
|||
| LIABILITIES | |||||
| Senior secured revolving credit facility | 77,500 |
85,000 |
|||
| Treasury secured revolving credit facility | -- |
14,000 |
|||
| Payable for securities purchased | -- |
6,967 |
|||
| Investment management fee payable, net of fee waivers | 1,339 |
1,355 |
|||
| Accrued directors’ fees and expenses | 75 |
78 |
|||
| Accrued expenses and other liabilities | 1,154 |
863 |
|||
| Deferred tax liability | 2,377 |
1,991 |
|||
| Total Liabilities | 82,445 |
110,254 |
|||
| NET ASSETS | $224,189 |
$245,133 |
NET ASSETS CONSIST OF | ||
| Common stock, $0.001 par value (200,000,000 shares authorized at August 31, 2008 and November 30, 2007; 10,102,986 and 10,050,446 shares issued and outstanding at August 31, 2008 and November 30, 2007, respectively) | $10 |
$10 |
|||
| Paid-in capital | 220,195 |
231,535 |
|||
| Accumulated net investment loss, net of income taxes, less dividends | (3,215) |
(409) |
|||
| Accumulated net realized losses on investments, net of income taxes | (1,828) |
(19) |
|||
| Net unrealized gains on investments, net of income taxes | 9,027 |
14,016 |
|||
| NET ASSETS | $224,189 |
$245,133 |
|||
| NET ASSET VALUE PER SHARE | $22.19 |
$24.39 |
|||
