Bureau of Labor Statistics, reaching about 2,500households in Pennsylvania. This survey counts how many people are employed,regardless of how many jobs they are actually working.CONTACT:Troy Thompson, L&I717-787-7530Chuck Ardo717-783-1116SOURCEPennsylvania Office of the GovernorTroy Thompson of Pennsylvania Department of Labor & Industry, +1-717-787-7530;or Chuck Ardo of Pennsylvania Office of the Governor, +1-717-783-1116. HOUSTON--(Business Wire)--Kayne Anderson Energy Total Return Fund, Inc. (the "Fund") (NYSE:KYE) announcedtoday that it has amended its unsecured revolving credit facility (the"Facility") to extend the maturity date from May 27, 2009 to June 26, 2009 andto reduce the commitment amount from $125 million to $75 million The Fundcurrently has no borrowings under the Facility. The Fund voluntarily reduced the size of the Facility in order to reduce thecommitment fee paid to its lenders (equal to 0.50 percent per annum on anyundrawn amounts) and to size the facility consistent with its needs for theforeseeable future. The Fund believes the new facility size is more thanadequate for its borrowing needs over the next twelve months.
No other terms ofthe Facility were changed The Fund is in active discussions with its existing and prospective lendersregarding a new $75 million 364-day unsecured credit facility with a goal ofentering into a new facility by June 26, 2009. No assurances can be made as tothe Fund`s ability to enter into a new facility. The Fund expects that the costof the new facility, when utilized, will be higher than the cost of borrowingunder the existing facility. "Due to unusually low LIBOR rates, coupled withtight credit markets, we expect our borrowing costs to increase commensuratewith other increases we are seeing across many industries. Fortunately, we donot have any amounts outstanding under our existing facility and would onlyborrow to fund new portfolio investments to the extent our expected returnsexceed our costs of leverage," stated Kevin McCarthy, CEO of the Fund. The Fund is a non-diversified, closed-end management investment companyregistered under the Investment Company Act of 1940 whose common stock is tradedon the NYSE.The Fund`s investment objective is to obtain a high total returnwith an emphasis on current income by investing primarily in securities ofcompanies engaged in the energy industry, principally including publicly-tradedenergy-related master limited partnerships and limited liability companies taxedas partnerships and their affiliates, energy-related U.S.
and Canadian royaltytrusts and income trusts and other companies that derive at least 50% of theirrevenues from operating assets used in, or providing energy-related servicesfor, the exploration, development, production, gathering, transportation,processing, storing, refining, distribution, mining or marketing of natural gas,natural gas liquids (including propane), crude oil, refined petroleum productsor coal.CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press releasecontains "forward-looking statements" as defined under the U.S federalsecurities laws. Generally, the words "believe," "expect," "intend," "estimate,""anticipate," "project," "will" and similar expressions identify forward-lookingstatements, which generally are not historical in nature. Forward-lookingstatements are subject to certain risks and uncertainties that could causeactual results to materially differ from the Fund`s historical experience andits present expectations or projections indicated in any forward-lookingstatement. These risks include, but are not limited to, changes in economic andpolitical 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 Fund`s filingswith the SEC.You should not place undue reliance on forward-looking statements,which speak only as of the date they are made. The Fund undertakes no obligationto publicly update or revise any forward-looking statements made herein. Thereis no assurance that the Fund`s investment objectives will be attained.KA Fund Advisors, LLCMonique Vo, 877-657-3863 http:// Business Wire 2009. NEW YORK--(Business Wire)--At its regularly scheduled meeting, the Board of Directors of TransatlanticReinsurance Company, a subsidiary of Transatlantic Holdings, Inc.
(NYSE: TRH),elected the following officers: London:Laura Greenwood - Assistant Vice PresidentJames Nunn - Assistant Vice PresidentNew York:John Romano - Assistant Vice PresidentCathryn Thom - Secretary Sydney:Stephen Brown - Assistant Vice PresidentTransatlantic Reinsurance Company is a subsidiary of Transatlantic Holdings,Inc. (TRH), which is a leading international reinsurance organizationheadquartered in New York, with operations on six continents. TRH`ssubsidiaries, Transatlantic Reinsurance Company®, Trans Re Zurich and PutnamReinsurance Company, offer reinsurance capacity on both a treaty and facultativebasis - structuring programs for a full range of property and casualty products,with an emphasis on specialty risks. Visit -- -- for additional information about the Company Transatlantic Reinsurance CompanySteven S Skalicky, 212-770-2040 Copyright Business Wire 2009. * U.S.