Kayne Anderson MLP/Midstream Investment Co. on Feb. 13 will redeem all 5 million of its 3.50% series F mandatory redeemable preferred shares, with an aggregate liquidation preference of $125 million.

Shareholders of record as of Jan. 15 will receive the regular monthly dividend on Feb. 3, then on the redemption date, will receive the liquidation preference of $25.00 per share, plus accumulated but unpaid dividends for the first 12 days of February.

The company expects to fund the redemption with proceeds from its private placement of $100 million of series L mandatory redeemable preferred shares and $75 million of series M mandatory redeemable preferred shares to be issued in February.

American Stock Transfer & Trust Co. is paying agent and transfer agent.