Kayne Anderson Files 2015 Annual Reports for KYN, KYE, KMF and KED

HOUSTON–(BUSINESS WIRE)–KA Fund Advisors, LLC (“Kayne Anderson”), which serves as the advisor to
Kayne Anderson MLP Investment Company (“KYN”), Kayne Anderson Energy
Total Return Fund, Inc. (“KYE”), Kayne Anderson Midstream/Energy Fund,
Inc. (“KMF”) and Kayne Anderson Energy Development Company (“KED”)
announced that copies of each fund’s annual report for the year ended
November 30, 2015 are available online at www.kaynefunds.com.
Hard copies of these reports are available free of charge upon request
by calling 1-877-657-3863.

Kayne Anderson MLP Investment Company is a non-diversified,
closed-end management investment company registered under the Investment
Company Act of 1940, whose common stock is traded on the NYSE. KYN’s
investment objective is to obtain a high after-tax total return by
investing at least 85% of its total assets in energy-related master
limited partnerships and their affiliates, and in other companies that,
as their principal business, operate assets used in the gathering,
transporting, processing, storing, refining, distributing, mining or
marketing of natural gas, natural gas liquids (including propane), crude
oil, refined petroleum products or coal.

Kayne Anderson Energy Total Return Fund, Inc. is a non-diversified,
closed-end management investment company registered under the Investment
Company Act of 1940 whose common stock is traded on the NYSE.
KYE’s
investment objective is to obtain a high total return with an emphasis
on current income by investing primarily in securities of companies
engaged in the energy industry, principally including publicly-traded
energy-related master limited partnerships and limited liability
companies taxed as partnerships and their affiliates, energy-related
U.S. and Canadian royalty trusts and income trusts and other companies
that derive at least 50% of their revenues from operating assets used
in, or providing energy-related services for, the exploration,
development, production, gathering, transportation, processing, storing,
refining, distribution, mining or marketing of natural gas, natural gas
liquids (including propane), crude oil, refined petroleum products or
coal.

Kayne Anderson Midstream/Energy Fund, Inc. is a non-diversified,
closed-end management investment company registered under the Investment
Company Act of 1940, whose common stock is traded on the New York Stock
Exchange. KMF’s investment objective is to provide a high level of total
return with an emphasis on making quarterly cash distributions to its
stockholders by investing at least 80% of its total assets in securities
of companies in the Midstream/Energy Sector, consisting of: (a)
Midstream Master Limited Partnerships (“MLPs”), (b) Midstream Companies,
(c) Other MLPs and (d) Other Energy Companies. KMF anticipates that the
majority of its investments will consist of investments in Midstream
MLPs and Midstream Companies. See Glossary of Key Terms on page ii of
the Prospectus for definitions of certain key terms.

Kayne Anderson Energy Development Comany is a non-diversified,
closed-end investment company registered under the Investment Company
Act of 1940. KED’s investment objective is to generate both current
income and capital appreciation primarily through equity and debt
investments. KED will seek to achieve this objective by investing at
least 80% of its net assets together with the proceeds of any borrowings
(its “total assets”) in securities of companies that derive the majority
of their revenue from activities in the energy industry, including: (a)
Midstream Energy Companies, which are businesses that operate assets
used to gather, transport, process, treat, terminal and store natural
gas, natural gas liquids, propane, crude oil or refined petroleum
products; (b) Upstream Energy Companies, which are businesses engaged in
the exploration, extraction and production of natural resources,
including natural gas, natural gas liquids and crude oil, from onshore
and offshore geological reservoirs; and (c) Other Energy Companies,
which are businesses engaged in owning, leasing, managing, producing,
processing and sale of coal and coal reserves; the marine transportation
of crude oil, refined petroleum products, liquefied natural gas, as well
as other energy-related natural resources using tank vessels and bulk
carriers; and refining, marketing and distributing refined energy
products, such as motor gasoline and propane to retail customers and
industrial end-users.

Contacts

KA Fund Advisors, LLC
Monique Vo, 877-657-3863
http://www.kaynefunds.com