Tortoise Capital Advisors Announces Tax Characterization of 2011 Closed-End Fund Distributions
January 18 2012 - 4:36PM
Business Wire
Tortoise Capital Advisors today announced the tax
characterization of 2011 distributions paid to stockholders of:
Tortoise Energy Infrastructure Corp. (NYSE: TYG)Tortoise Energy
Capital Corp. (NYSE: TYY)Tortoise MLP Fund, Inc. (NYSE:
NTG)Tortoise North American Energy Corp. (NYSE: TYN)Tortoise Power
and Energy Infrastructure Fund, Inc. (NYSE: TPZ)
2011 Tax Characterizations
of Distributions:
TYG TYY
NTG TYN TPZ
Qualified Dividend Income 100% 100%
- 100% - Return of
Capital - - 100%
- 9% Ordinary Dividend Income -
- - - 57%
Long-Term Capital Gains - -
- - 34%
Additional information regarding the tax characterization of the
2011 distributions is available at www.tortoiseadvisors.com. A copy
of the information is also available upon request by calling (866)
362-9331.
Nothing contained herein or therein should be construed as tax
advice. Consult your tax advisor for more information. Furthermore,
you may not rely upon any information herein or therein for the
purpose of avoiding any penalties that may be imposed under the
Internal Revenue Code.
About Tortoise Capital Advisors, LLC
Tortoise Capital Advisors, L.L.C. is an investment manager
specializing in listed energy infrastructure investments. As of
Dec. 31, 2011, the adviser had approximately $7.6 billion of assets
under management in NYSE-listed closed-end investment companies, an
open-end fund and other accounts. For more information, visit
www.tortoiseadvisors.com.
Safe Harbor Statement
This press release shall not constitute an offer to sell or a
solicitation to buy, nor shall there be any sale of these
securities in any state or jurisdiction in which such offer or
solicitation or sale would be unlawful prior to registration or
qualification under the laws of such state or jurisdiction.
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