Sec Form 3 Filing - KA Fund Advisors LLC @ KAYNE ANDERSON MIDSTREAM/ENERGY FUND, INC. - 2010-11-23

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
FORM 3
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person
KA Fund Advisors LLC
2. Issuer Name and Ticker or Trading Symbol
KAYNE ANDERSON MIDSTREAM/ENERGY FUND, INC. [ KMF]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) X __ Other (specify below)
See Exhibit 99.1
(Last) (First) (Middle)
1800 AVENUE OF THE STARS, SECOND FLOOR
3. Date of Earliest Transaction (MM/DD/YY)
11/23/2010
(Street)
LOS ANGELES, CA90067
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock par value $0.001 4,000 I See Footnotes ( 1 ) ( 2 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
KA Fund Advisors LLC
1800 AVENUE OF THE STARS, SECOND FLOOR
LOS ANGELES, CA90067
X See Exhibit 99.1
KAYNE ANDERSON CAPITAL ADVISORS LP
1800 AVENUE OF THE STARS, SECOND FLOOR
LOS ANGELES, CA90067
X See Exhibit 99.1
KAYNE ANDERSON INVESTMENT MANAGEMENT INC
1800 AVENUE OF THE STARS, SECOND FLOOR
LOS ANGELES, CA90067
X See Exhibit 99.1
KA Holdings Inc
1800 AVENUE OF THE STARS, SECOND FLOOR
LOS ANGELES, CA90067
X See Exhibit 99.1
KAYNE RICHARD A
1800 AVENUE OF THE STARS, SECOND FLOOR
LOS ANGELES, CA90067
X See Exhibit 99.1
SINNOTT ROBERT V
1800 AVENUE OF THE STARS, SECOND FLOOR
LOS ANGELES, CA90067
X See Exhibit 99.1
Signatures
/s/ David J. Shladovsky, Secretary of KA Fund Advisors LLC 11/23/2010
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Direct ownership by KA Fund Advisors LLC, which purchased these shares of restricted stock to satisfy seed capital requirements.
( 2 )Indirect ownership by each of Kayne Anderson Capital Advisors, L.P., Kayne Anderson Investment Management, Inc., KA Holdings Inc., Mr. Kayne and Mr. Sinnott

Remarks:
Exhibit 24.1 Power of Attorney for KA Fund Advisors LLCExhibit 24.2 Power of Attorney for Kayne Anderson Capital Advisors, L.P.Exhibit 24.3 Power of Attorney for Kayne Anderson Investment Management, Inc.Exhibit 24.4 Power of Attorney for KA Holdings Inc.Exhibit 24.5 Power of Attorney for Mr. KayneExhibit 24.6 Power of Attorney for Mr. SinnottExhibit 99.1 Relationship of Reporting Persons to IssuerEXHIBIT 99.1: RELATIONSHIP OF REPORTING PERSON(S) TO ISSUERKA Fund Advisors LLC is the Investment Advisor of the Issuer. Each of Kayne Anderson Capital Advisors, L.P., Kayne Anderson InvestmentManagement, Inc., KA Holdings Inc., Mr. Kayne and Mr. Sinnott is an affiliate of KA Fund Advisors LLC.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.