XLE - KYN: 10% Yield 15% Discount With No K-1

2024-02-18 09:15:00 ET

Summary

• The CEF Kayne Anderson Energy Infrastructure Fund offers exposure to the energy sector without the hassle of K-1 tax forms.
• The KYN CEF invests in midstream companies, utilities, and renewable energy, with a 91% allocation to midstreams.
• KYN has a 9.97% yield and has performed well in recent years, but lags behind the broad energy ETF, XLE.

Looking for high yield income from the Energy sector?

While this has long been a bastion of high dividend stocks, the problem for some income investors is that some energy companies still issue K-1's at tax time....

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