Kayne Anderson MLP Investment Company Announces Public Offering of Common Stock

HOUSTON--(Business Wire)--
Kayne Anderson MLP Investment Company (the "Company") (NYSE: KYN) announced that
it has commenced a public offering of 4,000,000 shares of its common stock. The
Company also intends to grant the underwriters a 45-day option to purchase up to
600,000 additional common shares to cover over-allotments, if any. Net proceeds
from the offering will be used to make additional portfolio investments that are
consistent with its investment objective.

UBS Securities LLC, Citigroup Global Markets Inc., and Morgan Stanley & Co.
Incorporated are acting as joint book-running managers. RBC Capital Markets
Corporation, Stifel, Nicolaus & Company, Incorporated, SMH Capital Inc. and
Wunderlich Securities, Inc. are acting as co-managing underwriters on the
offering. A copy of the preliminary prospectus supplement and prospectus
relating to the offering may be obtained from the following addresses:

UBS Securities LLC Citigroup Global Markets Inc.
Attn: Prospectus Department Attn: Prospectus Department
299 Park Avenue Brooklyn Army Terminal

New York, NY 10171
140 58th Street, 8th Floor

Telephone: 888-827-7275
Brooklyn, NY 11220

Telephone: 800-831-9146

Morgan Stanley & Co. Incorporated

Attn: Prospectus Department

180 Varick Street, 2nd Floor

New York, NY 10014

Email:

prospectus@morganstanley.com

Telephone: 866-718-1649

Investors may also obtain these documents free of charge from the Company`s
website at www.kaynefunds.com or the SEC`s website at www.sec.gov.

An investor should read the Company`s preliminary prospectus supplement and
prospectus carefully before investing. The preliminary prospectus supplement and
prospectus contain important information about the Company and its investment
objective and policies, risks, charges and expenses.

This press release does not constitute an offer to sell or a solicitation to buy
the securities described herein, nor shall there be any sale of these securities
in any state or jurisdiction in which such offer or solicitation or sale would
be unlawful prior to registration or qualification under the laws of such state
or jurisdiction. A registration statement relating to these securities was filed
with, and has been declared effective by, the Securities and Exchange
Commission.

Kayne Anderson MLP Investment Company is a non-diversified, closed-end
management investment company registered under the Investment Company Act of
1940, whose common stock is traded on the NYSE. The Company's investment
objective is to obtain a high after-tax total return by investing at least 85%
of its total assets in energy-related master limited partnerships and their
affiliates, and in other companies that, as their principal business, operate
assets used in the gathering, transporting, processing, storing, refining,
distributing, mining or marketing of natural gas, natural gas liquids (including
propane), crude oil, refined petroleum products or coal.

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 differ from the Company's historical experience and its
present expectations or projections indicated in any forward-looking statements.
These risks include, but are not limited to, changes in economic and political
conditions; regulatory and legal changes; MLP industry risk; leverage risk;
valuation 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

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