8-K

UNITED STATES

 SECURITIES AND EXCHANGE COMMISSION

 Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report: May 1, 2009

(Date of earliest event reported)

Kayne Anderson Energy Development Company

 (Exact name of registrant as specified in its charter)

Maryland  (State or other jurisdiction  of incorporation) 814-00725  (Commission File Number) 20-4991752  (IRS Employer  Identification Number)

717 Texas Avenue - Suite 3100, Houston, TX  (Address of principal executive offices) 77002  (Zip Code)

(713) 493-2020

 (Registrant's telephone number, including area code)

Not Applicable

 (Former Name or Former Address, if changed since last report)

 Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01. Other Events

Kayne Anderson Energy Development Company Announces Its Dividend/Distribution Reinvestment Price

Item 9.01. Financial Statements and Exhibits

(a) Financial statements:

             None

 (b) Pro forma financial information:

             None

 (c) Shell company transactions:

             None

 (d) Exhibits

             99.1      Press Release of Kayne Anderson Energy Development Company dated April 30, 2009

SIGNATURE

      Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: May 1, 2009	KAYNE ANDERSON ENERGY DEVELOPMENT COMPANY
	By:	/s/ David Shladovsky
		David Shladovsky Secretary and Chief Compliance Officer

Exhibit Index
Exhibit No.	Description
99.1	Press Release of Kayne Anderson Energy Development Company dated April 30, 2009

EX-99.1

Exhibit 99.1

Kayne Anderson Energy Development Company Announces Its Dividend Reinvestment Price

HOUSTON, Texas--(BUSINESS WIRE)--April 30, 2009--Kayne Anderson Energy Development Company (the “Company”) (NYSE:KED) announced today that it intends to satisfy the provisions under the Company's Dividend Reinvestment Plan by purchasing shares of common stock on the open market at prevailing prices, plus applicable brokerage commissions. The Company is purchasing shares of common stock on the open market because the Company's net asset value per share on April 23, 2009 was $15.28 per share, which was in excess of the closing market price of the Company's common stock of $10.89 per share on such date.

The Company is a non-diversified, closed-end investment company that elected to be treated as a business development company under the Investment Company Act of 1940. The Company's investment objective is to generate both current income and capital appreciation primarily through equity and debt investments. The Company will seek to achieve this objective by investing at least 80% of its net assets together with the proceeds of any borrowings (its "total assets") in securities of companies that derive the majority of their revenue from activities in the energy industry, including: (a) Midstream Energy Companies, which are businesses that operate assets used to gather, transport, process, treat, terminal and store natural gas, natural gas liquids, propane, crude oil or refined petroleum products; (b) Upstream Energy Companies, which are businesses engaged in the exploration, extraction and production of natural resources, including natural gas, natural gas liquids and crude oil, from onshore and offshore geological reservoirs; and (c) Other Energy Companies, which are businesses engaged in owning, leasing, managing, producing, processing and sale of coal and coal reserves; the marine transportation of crude oil, refined petroleum products, liquefied natural gas, as well as other energy-related natural resources using tank vessels and bulk carriers; and refining, marketing and distributing refined energy products, such as motor gasoline and propane to retail customers and industrial end-users.

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 Company'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 Company'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 Company undertakes no obligation to publicly update or revise any forward-looking statements made herein. There is no assurance that the Company's investment objectives will be attained.

CONTACT:

KA Fund Advisors, LLC

Monique Vo, 877-657-3863

http://www.kaynefunds.com/