KMF.US Merge with Election Offer

Kayne Anderson Energy Infrastructure Fund, Inc. (“KYN”) and Kayne Anderson NextGen Energy & Infrastructure, Inc. (“KMF”) have entered into a merger agreement where Kayne Anderson Energy Infrastructure Fund, Inc. will acquire all outstanding shares of common stock of Kayne Anderson NextGen Energy & Infrastructure, Inc.

Shareholders are being provided the option to elect to receive either cash or stock consideration in exchange for their shares.

The terms of the offer are as follows (subject to proration):

Option 1: Take no action [Default Option]

Option 2: Tender shares for cash election: Cash Consideration will be equal to 95% of KMFs per share net asset value immediately prior to the Mergers closing date.

Option 3: Tender shares for stock election: The exchange ratio for Stock Consideration will be based on the relative per share net asset values of each fund immediately prior to the Mergers closing date.

Proration: The amount of KMF common stock exchanged for Cash Consideration shall not exceed 15% of KMFs outstanding shares of common stock. Cash Consideration shall be subject to pro-ration to the extent KMF stockholders, in the aggregate, elect to exchange an amount of common stock in excess of this 15% cap.

Guaranteed Delivery: No

The deadline to tender shares to the offer will be 03/11/2023@ 16:00 (HONG KONG TIME GMT+8).

In the absence of an election, no action will be taken.

Please fill in the following information and use the registered email address of Futu to send an email to cs@futuhk.com.

1. Account Number:
2. Name: (In Chinese or English)
3. Stock code: KMF.US
4. Options: (1) or (2) or (3)
5. Number of shares participating in corporate actions:

Note to applicants:
1. For shareholders holding less than 1 share of KMF.US, they cannot participate in related corporate actions.
2. Option (1) is the default option. We will help clients to choose option (1) if have not received clients’ emails.
3. Once the relevant application is submitted, the stocks participating in the company's actions cannot be traded and the application cannot be withdrawn.
4. This corporate action does not accept additional applications, the maximum number of applications that a client can apply for does not exceed the number of eligible shares it holds.
5. The pending orders and unsettled shares will not be accepted for the time being.
6. Please confirm that the account funds are sufficient to pay the relevant fees of this corporate action. Otherwise, we will not bear any responsibility for the failure of your application.
7. If there is any update, all the information released by the listed company shall prevail.

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