by InteractiveAdvisors
by InteractiveAdvisors

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Interactive Brokers Traders Insight
Interactive Brokers Traders Insight
Interactive Brokers Traders’ Insight (IBTI) is a venue for market-related articles and commentary covering an array of asset classes and topics. All articles published on Traders’ Insight are simultaneously published directly to our trading platform (TWS).

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The Kayne Anderson Midstream/Energy Fund (KMF) IPO assessed by Covestor Model Manager of MLP Direct ownership Varous Closed-End Fund Focused Models.
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The Kayne Anderson Midstream/Energy Fund (KMF) IPO assessed by Covestor Model Manager of MLP Direct ownership Varous Closed-End Fund Focused Models.

On Tuesday evening November 23rd 2010, Kayne Anderson Midstream/Energy Fund (KMF) announced the pricing of its Initial Public Offering (“IPO”). Closed End Fund IPOs are always priced at a premium to their Net Asset Value (“NAV”) so regardless how good or bad the investment is for its new shareholders, such an announcement always marks a particular marketing feat.