KA Fund Advisors, LLC (“Kayne Anderson”), which serves as the adviser to Kayne Anderson MLP/Midstream Investment Company and Kayne Anderson Midstream/Energy Fund announced that Kevin McCarthy plans to step down as CEO of the closed-end funds in June 2019 and as Chairman of the Board in June 2020. The Board of Directors of each of KYN and KMF intends to elect Jim Baker as CEO of each entity effective July 1, 2019. Jim Baker currently is the President of KYN and KMF and serves on the Board of Directors.

Mr. Baker has been at Kayne Anderson for the last fifteen years and is a Partner in the energy and infrastructure marketable securities group. Mr. McCarthy and J.C. Frey are currently co-managing partners of this group and Mr. Baker will succeed Mr. McCarthy in that role beginning in July 2019.