Kayne Anderson Energy Total Return Fund Provides Unaudited Balance Sheet Information and Announces Its Net Asset Value and Asset Coverage Ratios at December 31, 2011

Kayne Anderson Energy Total Return Fund, Inc. (the Fund)
(NYSE: KYE) today provided a summary unaudited balance sheet and
announced its net asset value and asset coverage ratios under the
Investment Company Act of 1940 (the 1940 Act) as of December 31,
2011. As of December 31, 2011, the Funds net assets were $922
million, and its net asset value per share was $26.35. As of
December 31, 2011, the Funds asset coverage ratio under the 1940
Act with respect to senior securities representing indebtedness was
446% and the Funds asset coverage ratio under the 1940 Act with
respect to total leverage (debt and preferred stock) was 319%.
Kayne Anderson Energy Total Return Fund, Inc. Balance Sheet
December 31, 2011 (Unaudited) (in millions) Per Share
Investments $ 1,345.4 $ 38.44 Cash 24.4 0.70 Deposits 0.7 0.02
Accrued income 3.7 0.10 Receivable for securities sold 2.1 0.06
Other assets 3.8 0.11 Total assets 1,380.1 39.43
Senior notes 301.0 8.60 Preferred stock 120.0
3.43 Total leverage 421.0 12.03 Distribution
payable 16.8 0.48 Payable for securities purchased 10.0 0.29 Other
liabilities 9.9 0.28 Total liabilities 36.7 1.05
Net assets $ 922.4 $ 26.35 The Fund had 35.0 million
common shares outstanding as of December 31, 2011. As of December
31, 2011, equity and debt investments were 89% and 11%,
respectively, of the Funds long-term investments of $1.3 billion.
Long-term investments were comprised of MLPs and MLP Affiliates
(50%), U.S. and Canadian Income Trusts (11%), Marine Transportation
(16%), Coal (3%), Midstream Other (9%) and Debt (11%). The Funds
ten largest holdings by issuer at December 31, 2011 were:
Units(in thousands) Amounts($ millions)
Percent ofLong-TermInvestments 1. Kinder Morgan Management, LLC
(MLP Affiliate) 2,427 $190.6 14.2% 2. Enbridge Energy Management,
L.L.C. (MLP Affiliate) 4,256 147.9 11.0% 3. Plains All American
Pipeline, L.P. (Midstream MLP) 1,089 80.0 5.9% 4. Teekay Offshore
Partners L.P. (Marine Transportation) 2,060 54.3 4.0% 5. Kinder
Morgan, Inc. (Midstream) 1,207 38.8 2.9% 6. Golar LNG Partners LP
(Marine Transportation) 1,231 37.7 2.8% 7. Navios Maritime Partners
L.P. (Marine Transportation) 2,248 33.1 2.5% 8. Crescent Point
Energy Corp. (Income Trust) 728 32.1 2.4% 9. ONEOK, Inc.
(Midstream) 367 31.9 2.4% 10. Enerplus Corporation (Income Trust)
1,168 29.6 2.2% The Fund 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
Funds investment objective is to obtain a high total return with an
emphasis on current income by investing primarily in securities of
companies engaged in the energy industry, principally including
publicly-traded energy-related master limited partnerships and
limited liability companies taxed as partnerships and their
affiliates, energy-related U.S. and Canadian royalty trusts and
income trusts and other companies that derive at least 50% of their
revenues from operating assets used in, or providing energy-related
services for, 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 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 materially differ from the Funds historical experience
and its present expectations or projections indicated in any
forward-looking statement. These risks include, but are not limited
to, changes in economic and political 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 Funds 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 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.