Form 4: Principal Life Insurance Co. Increases Stake in Kayne Anderson Energy Infrastructure Fund

Principal Life Insurance Company's ownership in Kayne Anderson Energy Infrastructure Fund increased to 12.5% due to the maturity of MRP Shares.

Summary

• Principal Life Insurance Company (PLIC) has increased its ownership percentage in Kayne Anderson Energy Infrastructure Fund, Inc. (KYN) from 11.8% to 12.5%.
• This increase is attributed to the maturity of 379,657 Mandatory Redeemable Preferred (MRP) Shares, Series U.
• PLIC did not participate in the matured Series U of MRP Shares.
• The filing also covers shares held indirectly by Principal Global Investors (PGI).
• Both PLIC and PGI disclaim beneficial ownership of the shares except to the extent of their pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing indicating a change in ownership percentage due to share maturity, with no inherently positive or negative implications.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership of company stock, providing transparency to investors.

Stakeholder Impact

• The change in ownership may have a minor impact on shareholders, as it reflects a shift in the distribution of ownership.

Key Dates

Keywords

ownership, Kayne Anderson Energy Infrastructure Fund, Principal Life Insurance, KYN, shares, maturity, MRP, Principal Global Investors