 HOUSTON, July 27, 2020 GLOBE NEWSWIRE -- KMF is being repositioned to focus on key trends and developments within the energy and infrastructure sectors; KMF is targeting the next generation of companies helping to facilitate the transition to a more sustainable mix of lower carbon and renewable energy; and KMF will be renamed Kayne Anderson NextGen Energy Infrastructure, Inc.Kayne Anderson MidstreamEnergy Fund, Inc. NYSE: KMF the Fund announced today that its Board of Directors has approved a proposal to change the Funds name to Kayne Anderson NextGen Energy Infrastructure, Inc. The Funds Board of Directors also approved an amendment to the Funds non-fundamental investment policies, as described below. The Funds management and its Board of Directors believe these changes provide KMF additional flexibility to capitalize on key trends and developments within the energy and infrastructure sectors.The energy sector is in the midst of a profound transition, says Jim Baker, KMFs Chairman, President and CEO. By focusing on the companies facilitating the energy sectors transition to a more sustainable mix of lower carbon and renewable energy, the Fund is well positioned to capitalize on this trend. The global push to reduce carbon emissions will have a material impact on both the energy and infrastructure sectors in the coming decades. We are very excited about the ways renewable infrastructure companies, utilities, and natural gas focused midstream companies can benefit from the energy transition, continued Mr. Baker.Under its revised investment policies, KMF plans to invest at least 80 of the Funds total assets in securities of energy companies and infrastructure companies. Further, KMF plans to invest a majority of its assets in securities of next generation companies facilitating the energy transition. We expect these next generation companies to be a mix of renewable infrastructure companies, utilities, and natural gas focused midstream companies.The name change and changes to KMFs investment policies will become effective upon 60 days written notice to stockholders, which is expected to be on or about September 28, 2020. Written notice of these changes is being provided in the Funds semi-annual report, which is being mailed to stockholders this week. The report will also be available at once filed with the SEC.For more information on the Funds strategic update, please see the podcast and presentation titled Closed-End Fund Strategic Update along with the frequently asked questions posted on Anderson MidstreamEnergy Fund, Inc. is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940, as amended, whose common stock is traded on the NYSE. KMFs investment objective is to provide a high level of total return with an emphasis on cash distributions to its stockholders. KMF seeks to achieve its investment objective by investing at least 80 of its total assets in securities of companies in the MidstreamEnergy Sector, consisting of: a Midstream Master Limited Partnerships MLPs, b Midstream Companies, c Other MLPs and d Other Energy Companies. KMF anticipates that the majority of its investments will consist of investments in Midstream MLPs and Midstream Companies. See Glossary of Key Terms in the Funds quarterly reports for a description of these investment categories and for the meaning of capitalized terms.This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of any securities in any jurisdiction in which such offer or sale is not permitted. Nothing contained in this press release is intended to recommend any investment policy or investment strategy or take into account the specific objectives or circumstances of any investor. Please consult with your investment, tax or legal adviser regarding your individual circumstances prior to investing.CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press release contains statements reflecting assumptions, expectations, projections, intentions, or beliefs about future events. These and other statements not relating strictly to historical or current facts constitute forward-looking statements as defined under the U.S. federal securities laws. Forward-looking statements are subject to a variety of risks and uncertainties. These risks include, but are not limited to, changes in economic and political conditions; regulatory and legal changes; energy industry risk; leverage risk; valuation risk; interest rate risk; tax risk; and other risks discussed in detail in the funds filings with the SEC, available at or This press release reflects the Funds views and opinions as of the date herein, which are subject to change at any time based on market and other conditions. Actual events could differ materially from these statements or from present expectations or projections. You should not place undue reliance on these forward-looking statements, which speak only as of the date they are made. The Fund undertakes no obligation to publicly update or revise any forward-looking statements made herein. There is no assurance that the Funds investment objectives will be attained.Contact: KA Fund Advisors, LLC Investor Relations 877-657-3863 