Director Mears purchases 10,000 shares of KYN at $12.24 for $122,365.00; first holding establishes initial position.
Michael N Mears, a Director, purchased 10,000 shares at $12.24 on 2025-10-06 for a total value of $122,365.00, establishing an initial position in the fund (previously held zero shares). The purchase was made at a price roughly 10.6% below the 52-week high of $13.68, and the current price of $12.23 is nearly identical to the transaction price. Across his open-market history, Mears' prior buys have averaged a 90d return of +13.5% with a 100.00% win rate, though these results span multiple tickers rather than this specific holding. The transaction reflects a new commitment to this closed-end fund, but the modest capital amount and initial-position nature limit the signal strength relative to a larger accumulation by an established shareholder.