KYN 10% Owner MetLife Investment Sells 120,000 Shares

What Happened

• MetLife Investment Management, LLC (reported as a 10% owner/investment manager) disposed of a total of 120,000 Series W mandatory redeemable preferred shares of Kayne Anderson Energy Infrastructure Fund, Inc. (KYN). The transactions were recorded as two dispositions of 60,000 shares each at $25.00 per share, totaling $1,500,000 per line and $3,000,000 overall.
• The filings show these were disposals (transaction code J) tied to a corporate redemption rather than an open-market sale.

Key Details

• Transaction date: 2026-09-01; Form 4 filed: 2026-09-04.
• Price and amounts: 2 x 60,000 shares at $25.00 each; total proceeds $3,000,000.
• Shares owned after transaction: not specified in the filing.
• Footnotes:
  • F1: These Series W shares were redeemed in full by the issuer at the original $25.00 purchase price plus accrued and unpaid dividends; such dividends are exempt from Section 16 under Rule 16a-9.
  • F2: The securities were held directly by clients for whom MetLife serves as investment manager.
  • F3: MetLife disclaims beneficial ownership except to the extent of pecuniary interest.
• Filing timing: Form shows filing three days after the transactions (filed 9/4 for 9/1 trades); review SEC timing rules if timeliness is a concern.

Context

• Code J and the F1 footnote indicate these were redemptions by the issuer (corporate action), not a discretionary sale by MetLife—this is institutional/client-held activity rather than a manager personally selling stock.
• For retail investors: redemptions return capital at the stated redemption price and don’t necessarily signal manager sentiment about the company’s prospects.