KAYNE ANDERSON MLP INVESTMENT COMPANY
STATEMENT OF ASSETS AND LIABILITIES
MAY 31, 2008
(amounts in 000’s, except share and per share amounts)
(UNAUDITED)
| ASSETS | |
| Investments at fair value, Non-affiliated (Cost —$1,247,724) | $1,798,824 |
| Investment at fair value, Affiliated (Cost —$107,570) | 152,041 |
| Investment at fair value, Controlled (Cost— $81,386) | 69,148 |
| Repurchase agreement (Cost —$307) | 307 |
| Total investments (Cost—$1,436,987) | 2,020,320 |
| Deposits with brokers | 249 |
| Receivable for securities sold | 4,889 |
| Interest, dividends and distributions receivable | 286 |
| Income tax receivable | 1,161 |
| Deferred debt issuance costs and other, net | 5,994 |
|
2,033,361 |
| LIABILITIES | |
| Revolving credit facility | 2,000 |
| Investment management fee payable | 7,023 |
| Payable for securities purchased | 2,115 |
| Accrued directors’ fees and expenses | 51 |
| Accrued expenses and other liabilities | 1,327 |
| Deferred tax liability | 214,617 |
| Unrealized depreciation on interest rate swap contracts | 3,9024 |
| Total Liabilities before Senior Notes | 271,035 |
| Auction Rate Senior Notes: | |
| Series A, due April 3, 2045 | 85,000 |
| Series B, due April 5, 2045 | 85,000 |
| Series C, due March 31, 2045 | 90,000 |
| Series E, due December 21, 2045 | 60,000 |
| Series F, due July 9, 2047 | 185,000 |
| Total Senior Notes | 505,000 |
| TOTAL LIABILITIES | 736,035 |
| PREFERRED STOCK | ||
| $25,000 liquidation value per share applicable to 3,000 outstanding shares (10,000 shares authorized) | 75,000 |
| NET ASSETS APPLICABLE TO COMMON STOCKHOLDERS | $1,222,326 |
| NET ASSETS APPLICABLE TO COMMON STOCKHOLDERS CONSIST OF: | ||
| Common stock, $0.001 par value (43,648,755 shares issued and outstanding, 199,990,000 shares authorized) | $44 |
|
| Paid-in capital | 867,150 |
|
| Accumulated net investment loss, net of income taxes less dividends | (88,485) |
|
| Accumulated realized gains on investments and interest rate swap contracts, net of income taxes | 79,227 |
|
| Net unrealized gains on investments and interest rate swap contracts, net of income taxes | 364,390 |
|
| NET ASSETS APPLICABLE TO COMMON STOCKHOLDERS | $1,222,326 |
|
| NET ASSET VALUE PER COMMON SHARE | $28.00 |
|
