Wunderlich Securities Maintains Hold Rating For Kayne Anderson MLP Investment Co. (KYN)

Analyst Ethan Bellamy at Wunderlich Securities has released an update on Kayne Anderson MLP Investment Co. (NYSE: KYN).

On April 20, the company had announced that it placed $110 million in senior notes and another $110 million in new mandatorily redeemable preferred note. The proceeds from the two placements will be used to pay off its $75 million Series D Auction Rate Preferred Stock (ARPS).

Wunderlich Securities has reiterated its Hold rating for Kayne Anderson MLP Investment Co. The price target for the company has maintained at $27.