Tortoise Capital Advisors Announces Tax Characterization of 2012 Closed-End Fund Distributions
January 22 2013 - 4:34PM
Business Wire
Tortoise Capital Advisors today announced the tax
characterization of 2012 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) Tortoise Pipeline
& Energy Fund, Inc. (NYSE: TTP) Tortoise Energy Independence
Fund, Inc. (NYSE: NDP)
2012 Tax Characterization
of Distributions
MLP Funds
Broader RICs
TYG TYY
NTG TYN
TPZ TTP
NDP Qualified Dividend Income 100% 100% - 100%
- 37% 21% Ordinary Dividend Income - - - - 59% 21% 68% Return of
Capital - - 100% - - 20% 11% Long-Term Capital Gain N/A N/A N/A N/A
41% 22% -
Additional information regarding the tax characterization of the
2012 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, L.L.C.
Tortoise Capital Advisors, L.L.C. is an investment manager
specializing in listed energy infrastructure investments. As of
Dec. 31, 2012, the adviser had approximately $9.2 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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