Kayne Anderson Energy Infrastructure Fund removes Maryland Control Share Acquisition Act provision from bylaws

Kayne Anderson Energy Infrastructure Fund, Inc.

Board amended bylaws on March 24, 2023 to delete Article XVI.
Repealed article had subjected company to Maryland Control Share Acquisition Act.
Act limited voting rights when a person acquired more than a threshold level of ownership.
Amendment eliminates these voting restrictions for future acquisitions.
Full amended bylaws filed as Exhibit 99.1.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Kayne Anderson Energy Infrastructure Fund, Inc.: Removed Article XVI regarding Maryland Control Share Acquisition Act, eliminating voting rights limitations on stockholder acquisitions above certain ownership levels (effective 2023-03-24).

Change: bylaw amendment
Effective: 2023-03-24

Exact text from the filing

On March 24, 2023, the Board of Directors of Kayne Anderson Energy Infrastructure Fund, Inc. (the “Company”) amended the Second Amended and Restated Bylaws of the Company to remove Article XVI. That repealed Article XVI made the Company subject to the Maryland Control Share Acquisition Act, which had the effect of limiting the voting rights in certain circumstances of a person who acquires more than a certain level of ownership of the Company’s stock.

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Kayne Anderson Energy Infrastructure Fund, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-023635

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