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KYN - MLP Investment Company
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  • Asset Coverage Ratios
  • Balance Sheet
  • Leverage Summary
  • Interest Rate Swaps

ASSET COVERAGE RATIOS
The 1940 Act requires investment companies to have minimum debt and total leverage (debt and preferred stock) coverage ratios of 300% and 200%, respectively, at the time of a common stock dividend declaration. The Company’s borrowing agreements contain similar restrictions and require it to have a minimum coverage ratio of 300% as of the last day of each month.

Date
(Close of Business)
 Asset Coverage Ratios under the Investment Company Act of 1940 (“1940 Act”)
With respect to senior securities representing indebtedness
(300% minimum)

With respect to total leverage
(debt and preferred stock)
(200% minimum)
{date}
{kynactual}
{kynproforma}
{kynpreferredstock}


*The pro forma ratio assumes KYN’s outstanding debt balance is reduced by cash plus (a) dividends and distributions receivable from portfolio investments and (b) receivable for securities sold less (y) accrued operating expenses and (z) payable for securities purchased on KYN’s statement of assets and liabilities as of such measurement date.

**The pro forma ratio assumes that the common dividend has been paid and KYN’s outstanding debt balance is reduced by cash plus (a) dividends and distributions receivable from portfolio investments and (b) receivable for securities sold less (y) accrued operating expenses and (z) payable for securities purchased on KYN’s statement of assets and liabilities as of such measurement date.

BALANCE SHEET
Balance Sheet as of January 31, 2010 (Unaudited) – See press release (PDF)
Balance Sheet as of August 31, 2009 (Unaudited) – See KYN Q3 2009 Quarterly Report (PDF)

KYN Leverage Summary

LEVERAGE SUMMARY (as of {leveragesummarydate})

Short-Term
Borrowings
 Commitment Available Current Borrowings Rate
Maturity    
{shorttermborrowings}
 $ {commitmentavailable}    $ {currentborrowings} {leveragesummaryrate}
{maturitydate}    
Senior Notes   Principal Outstanding Rate
Maturity    
{seniornoteG}
$ {principaloutstandingG}   
 {rateG}%
{maturityG}    
{seniornoteH}
{principaloutstandingH}   
{rateH}
{maturityH}    
{seniornoteI}
{principaloutstandingI}   
{rateI}%
{maturityI}    
{seniornoteJ}
{principaloutstandingJ}   
{rateJ}
{maturityJ}    
{seniornoteK}
{principaloutstandingK}   
{rateK}%
{maturityK}    
{seniornoteL}
{principaloutstandingL}   
{rateL}
{maturityL}    
{seniornoteM}
{principaloutstandingM}   
{rateM}%
{maturityM}    
{seniornoteN}  
{principaloutstandingN}   
 {rateN}
{maturityN}    
   
$ {totalcurrentborrowings}   
    
Preferred Stock
   Principal Outstanding Rate
Maturity    
{preferredstockD}  
$ {principaloutstandingD}   
{rateD}
{maturityD}    
TOTAL LEVERAGE
$ {totalleverage}   

INTEREST RATE SWAPS (as of {asofDate})

Notional Amount Fixed Rate Paid by KYN Termination Date
{amount5} {fixedrate5} {TermDate5}