Kayne Anderson Energy Development Company Schedules Earnings Release and Earnings Conference Call for its Quarter Ended May 31, 2009

HOUSTON--(Business Wire)--
(NYSE: KED) Kayne Anderson Energy Development Company (the "Company") today
announced that it will report its earnings results for the quarter ended May 31,
2009 on Tuesday, July 7, 2009 after the financial markets close.

The Company will host a conference call at 5:00 p.m., Eastern time, on Tuesday,
July 7, 2009 to discuss its results. All interested parties are welcome to
participate. You can access the conference call by dialing (877) 563-8315
approximately 5-10 minutes prior to the call. International callers should dial
(706) 679-4383. All callers should reference "Conference ID #17429033." For the
convenience of the Company's stockholders, an archived replay of the call will
be available on the Company's website (http://www.kaynefunds.com/webcasts.htm).

The Company is a non-diversified, closed-end investment company that elected to
be treated as a business development company under the Investment Company Act of
1940. The Company's investment objective is to generate both current income and
capital appreciation primarily through equity and debt investments. The Company
will seek to achieve this objective by investing at least 80% of its net assets
together with the proceeds of any borrowings (its "total assets") in securities
of companies that derive the majority of their revenue from activities in the
energy industry, including: (a) Midstream Energy Companies, which are businesses
that operate assets used to gather, transport, process, treat, terminal and
store natural gas, natural gas liquids, propane, crude oil or refined petroleum
products; (b) Upstream Energy Companies, which are businesses engaged in the
exploration, extraction and production of natural resources, including natural
gas, natural gas liquids and crude oil, from onshore and offshore geological
reservoirs; and (c) Other Energy Companies, which are businesses engaged in
owning, leasing, managing, producing, processing and sale of coal and coal
reserves; the marine transportation of crude oil, refined petroleum products,
liquefied natural gas, as well as other energy-related natural resources using
tank vessels and bulk carriers; and refining, marketing and distributing refined
energy products, such as motor gasoline and propane to retail customers and
industrial end-users.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press release
contains "forward-looking statements" as defined under the U.S. federal
securities laws. Generally, the words "believe," "expect," "intend," "estimate,"
"anticipate," "project," "will" and similar expressions identify forward-looking
statements, which generally are not historical in nature. Forward-looking
statements are subject to certain risks and uncertainties that could cause
actual results to materially differ from the Company's historical experience and
its present expectations or projections indicated in any forward-looking
statement. These risks include, but are not limited to, changes in economic and
political conditions; regulatory and legal changes; energy industry risk;
commodity pricing risk; leverage risk; valuation risk; non-diversification risk;
interest rate risk; tax risk; and other risks discussed in the Company's filings
with the SEC. You should not place undue reliance on forward-looking statements,
which speak only as of the date they are made. The Company undertakes no
obligation to publicly update or revise any forward-looking statements made
herein. There is no assurance that the Company's investment objectives will be
attained.

KA Fund Advisors, LLC
Monique Vo, 877-657-3863
http://www.kaynefunds.com/

Copyright Business Wire 2009