| Kayne Anderson Energy Development is an externally managed, non-diversified closed-end management investment company. Co.'s investment objective is to generate both current income and capital appreciation primarily through equity and debt investments. Co. seeks to achieve this objective by investing at least 80% of its total assets in securities of companies that derive the majority of their revenue from activities in the energy industry. As of Nov. 30 2016, Co.'s total assets were $345,976,000 and the investment portfolio totaled $323,938,000. We show 6 historical shares outstanding datapoints in our KED shares outstanding history coverage, used to compute KED market cap on those dates.|
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing KED market cap history over the course of time is important for investors
interested in comparing KED's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of KED versus a peer is one thing; comparing
KED market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like KED can fluctuate over the course of history.
With this page we aim to empower investors researching KED by allowing them to research the KED market cap history.