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Rating: KED
Hold

Kayne Anderson Energy Development Company (NYSE: KED) downgraded to Hold by Stifel

Thursday,  Nov 12, 2015  8:25 AM ET by Betsy O'Brien Harrison

Stifel downgraded Kayne Anderson Energy Development Company (NYSE: KED) to Hold. Previously
Stifel downgraded to Kayne Anderson Energy Development Company (NYSE: KED) to Buy with price target $24 on 08/26/2015, when the stock price was $21.44.

Kayne Anderson Energy Development Company is a non-diversified, closed-end management investment company. The Company?s investment objective is to generate both current income and capital appreciation primarily through equity and debt investments. It invests primarily in energy companies that are not publicly traded (private). The Company seeks to invest at least 80% of its net assets together with the proceeds of any borrowings in securities of companies that derive the majority of their revenue from activities in the energy industry (energy companies), including midstream energy companies, upstream and other energy companies. The Company?s investment advisor is KA Fund Advisors, LLC (KAFA).

Stifel



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