NEW YORK, Nov. 28, 2016 /PRNewswire/ -- Pathway Energy Infrastructure Fund, Inc. ("Pathway" or the "Fund") announced today a series of distributions with weekly record dates and payable monthly to the stockholders of record as of the close of business each week from December 2, 2016 through February 24, 2017. The declared distributions equal a weekly amount of $0.01726 per share of common stock.
Distributions for the December 2, 9, 16, 23 and 30 record dates will be paid on or around January 3, 2017.
Distributions for the January 6, 13, 20 and 27 record dates will be paid on or around January 30, 2017.
Distributions for the February 3, 10, 17 and 24 record dates will be paid on or around February 27, 2017.
"It is our pleasure to announce these distributions as we continue to identify attractive investment opportunities for the Fund," said David Belzer, a managing director of Prospect Capital Management. "Furthermore, the Fund's total annualized distribution rate [Trailing Twelve Months] for Class R shares was approximately 6 percent as September 30, 2016."
About Pathway Energy Infrastructure Fund, Inc. Pathway Energy Infrastructure Fund, Inc. is a registered closed-end fund focused on investing in North American energy and energy-related companies that are connected to an underlying infrastructure, asset base, and/or cash flow to create downside protection for investors. The Fund seeks to invest in a portfolio that is diversified by subsectors and individual companies and targets income-oriented securities of private and public energy companies and energy-related infrastructure and industrial sectors within targeted sectors of North America. For more information, visit pathway-energyfund.com.
About Prospect Capital Management L.P. Headquartered in New York City, Prospect is an SEC-registered investment adviser that, along with its predecessors and affiliates, has a more than 25-year history of investing in and managing high-yielding debt and equity investments using both private partnerships and publicly traded closed-end structures. Prospect and its affiliates employ a team of approximately 100 professionals who focus on credit-oriented investments yielding attractive current income. Prospect has $7.5 billion of capital under management (including undrawn credit facilities) as of September 30, 2016. For more information, call 212.448.0702 or visit prospectcapitalmanagement.com.
Forward-Looking Statements This press release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the future performance of Pathway Energy Infrastructure Fund, Inc. Words such as "believes," "expects," "projects," and "future" or similar expressions are intended to identify forward-looking statements. Any such statements, other than statements of historical fact, are highly likely to be affected by unknowable future events and conditions, including elements of the future that are or are not under the control of Pathway Energy Infrastructure, Inc. and that Pathway Energy Infrastructure, Inc. may or may not have considered; accordingly, such statements cannot be guarantees or assurances of any aspect of future performance. Actual developments and results are highly likely to vary materially from any forward-looking statements. Such statements speak only as of the time when made, and Pathway Energy Infrastructure, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Jonathan Ball For Pathway Energy Infrastructure Fund, Inc. [email protected] 972.387.5403