Kayne Anderson Energy Total Return Fund, Inc. Announces Its Net Asset Value at May 31, 2008

LOS ANGELES, CA -- (MARKET WIRE) -- 06/02/08 -- Kayne Anderson Energy Total Return Fund, Inc. (the "Fund") (NYSE: KYE) today announced its net asset value as of May 31, 2008.

As of close of business May 31, 2008, the Fund's net assets were $1.1 billion and its net asset value per share was $33.20 based on 32.2 million shares outstanding.

As of May 31, 2008, equity and fixed income investments were 87% and 13%, respectively, of the Fund's long-term investments of $1.3 billion. Long-term investments were comprised of MLPs and MLP Affiliates (45%), Canadian Income Trusts (21%), Marine Energy Transportation (16%), Coal Companies (4%) and U.S. Royalty Trusts and Other Energy Companies (14%).

The Fund's ten largest holdings by issuer at May 31, 2008 were:

Percent of Units Amount Long-Term (in thousands) ($ millions) Investments ------------ ---------- -----------1. Kinder Morgan Management, LLC (MLP Affiliate) 2,833 156.3 11.6% 2. Plains All American Pipeline, L.P. (Pipeline MLP) 1,387 67.7 5.0% 3. Enterprise Products Partners L.P. (Pipeline MLP) 1,580 47.8 3.6% 4. Enbridge Energy Management, L.L.C. (MLP Affiliate) 885 47.1 3.5% 5. Crescent Point Energy Trust (Canadian Royalty Trust) 1,192 43.3 3.2% 6. Enerplus Resources Fund (Canadian Royalty Trust) 747 35.0 2.6% 7. ARC Energy Trust (Canadian Royalty Trust) 1,047 30.7 2.3% 8. Penn West Energy Trust (Canadian Royalty Trust) 843 27.7 2.1% 9. Fording Canadian Coal Trust (Canadian Royalty Trust) 345 27.6 2.0% 10. Bonavista Energy Trust (Canadian Royalty Trust) 769 25.3 1.9%

The Fund is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940. The Fund's 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 Fund's 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 Fund's 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 Fund's investment objectives will be attained.

Contact: KA Fund Advisors, LLC Monique Vo 877-657-3863 http://www.kaynefunds.com/

2008-06-02 19:35:32 0375371 MARKETWIRE