HOUSTON--(BUSINESS WIRE)--Kayne Anderson MLP Investment Company  (NYSE:KYN) announced that it will redeem all 2,000,000 shares of its Series G Mandatory Redeemable Preferred Shares (“Series G MRP Shares”) with an aggregate liquidation preference of $50 million on October 3, 2016.

Holders of record as of September 15, 2016 of the Series G MRP Shares will receive the regular monthly dividend payment amount on October 3, 2016. On October 3, 2016, holders will receive the liquidation preference per share of $25.00, plus accumulated but unpaid dividends for two days (October 1 and 2, 2016). The paying agent is American Stock Transfer & Trust Company, which is the Company’s transfer agent.

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. The Company'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 (collectively, “MLPs”), and in other companies that, as their principal business, operate assets used in the gathering, transporting, processing, storing, refining, distributing, mining or marketing natural gas, natural gas liquids (including propane), crude oil, refined petroleum products or coal.