Kayne Anderson Midstream/Energy Fund, Inc. announces a share repurchase program. Under the program, the company will repurchase up to $20 million worth of common stock. The board has decided to implement the share repurchase program with the expectation it will increase net asset value ("NAV") per share through the accretive nature of the purchases. The fund will authorize its agents to make purchases in the open market when shares are trading at a discount of at least 8% to the fund's NAV per share and the fund has sufficient borrowing capacity relative to its target leverage ratios. The repurchase program will continue until the earlier of the company repurchasing of $20 million of common stock or September 30, 2019.