Kayne Anderson Energy Development Company Announces Its Net Asset Value at November 30, 2007, Schedules Earnings Call and 2008 Annual Analyst/Investor Meeting
           

HOUSTON, TX--(Marketwire - January 16, 2008) -  (NYSE: KED) Kayne Anderson Energy Development
Company (the "Company") today announced its net asset value of $245.1
million or $24.39 per share at November 30, 2007. For fiscal year 2007, the
Company's net asset value per share increased by $0.20, or 0.8% and the
Company adjusted net asset value per share, which is equal to the net asset
value plus cumulative dividends paid, increased by $1.545, or 6.4%.

           

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