Tortoise Capital Advisors Announces Distribution Dates and Amounts for Closed-End Funds
May 07 2012 - 5:06PM
Business Wire
Certain closed-end funds managed by Tortoise Capital Advisors
declared the following distributions today.
Fund Ticker
DistributionFrequency
DistributionAmount
% Changefrom
PriorDistribution
Tortoise Energy Infrastructure Corp. TYG Quarterly $0.56000 0.45%
Tortoise Energy Capital Corp. TYY Quarterly $0.41250 0.61% Tortoise
North American Energy Corp. TYN Quarterly $0.38750 0.65% Tortoise
MLP Fund, Inc. NTG Quarterly $0.41250 - Tortoise Pipeline &
Energy Fund, Inc. TTP Quarterly $0.40625 -
The TYG, TYY, TYN, NTG and TTP distributions will be paid on
June 1, 2012 to stockholders of record on May 23, 2012. For tax
purposes, the ultimate characterization of distributions will be
made after the determination of earnings and profits after
year-end. For book purposes, the source of distributions for TYG,
TYY, TYN and NTG is estimated to be 100 percent return of capital;
the source of distribution for TTP is estimated to be approximately
60-70 percent ordinary income with the remainder return of
capital.
Fund Ticker
DistributionFrequency
DistributionAmount
% Changefrom
PriorDistribution
Tortoise Power and Energy Infrastructure Fund, Inc. TPZ Monthly
$0.12500 -
The TPZ monthly distributions will be paid on June 29, 2012,
July 31, 2012 and Aug. 31, 2012 to stockholders of record on the
respective dates of June 22, 2012, July 24, 2012 and Aug. 24, 2012.
TPZ will report the sources for these monthly distributions at the
time of payment in the applicable Section 19(a) Notice.
You should not draw any conclusions about TPZ’s investment
performance from the amount of these distributions or from the
terms of TPZ’s distribution policy.
TPZ estimates that it has distributed more than its income and
capital gains; therefore, a portion of the distribution may be a
return of capital. A return of capital may occur, for example, when
some or all of the money that you invested in TPZ is paid back to
you. A return of capital distribution does not necessarily reflect
TPZ’s investment performance and should not be confused with
“yield” or “income.”
The amounts and sources of distributions TPZ reports are only
estimates and are not being provided for tax reporting purposes.
The actual amounts and sources of the amounts for tax reporting
purposes will depend upon TPZ’s investment experience during the
remainder of its fiscal year and may be subject to changes based on
tax regulations. TPZ will send you a Form 1099-DIV for the calendar
year that will tell you how to report these distributions for
federal income tax purposes.
Annual Stockholders’ Meeting
TYG, TYY, TYN, TPZ, NTG and TTP will host its annual
stockholders’ meeting on May 24, 2012 at 10 a.m. CDT at 11550 Ash
Street, Suite 300, Leawood, Kan. The meeting can be accessed via
conference call by dialing (877) 407-9210.
The conference call will also be webcast simultaneously on the
Investor Relations section of the company's website at
www.tortoiseadvisors.com. A replay of the call will be available
until 11:59 p.m. Central June 24, 2012, by dialing 877-660-6853.
The ID # for playback is 286 and the Conference ID # is 390573.
This replay will be available through May 27, 2011. A replay of the
webcast will also be available on the company's website at
www.tortoiseadvisors.com through May 24, 2013.
About Tortoise Capital Advisors, L.L.C.
Tortoise Capital Advisors, L.L.C. is an investment manager
specializing in listed energy infrastructure investments. As of
April 30, 2012, the adviser had approximately $8.0 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.
Forward-Looking Statement
This press release contains certain statements that may include
“forward-looking statements” within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. All statements, other than statements of
historical fact, included herein are "forward-looking statements."
Although the company and Tortoise Capital Advisors believe that the
expectations reflected in these forward-looking statements are
reasonable, they do involve assumptions, risks and uncertainties,
and these expectations may prove to be incorrect. Actual results
could differ materially from those anticipated in these
forward-looking statements as a result of a variety of factors,
including those discussed in the company’s reports that are filed
with the Securities and Exchange Commission. You should not place
undue reliance on these forward-looking statements, which speak
only as of the date of this press release. Other than as required
by law, the company and Tortoise Capital Advisors do not assume a
duty to update this forward-looking statement.
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.
Tortoise North American Energy (NYSE:TYN)
Historical Stock Chart
From Jun 2024 to Jul 2024
Tortoise North American Energy (NYSE:TYN)
Historical Stock Chart
From Jul 2023 to Jul 2024