Tortoise MLP Fund, Inc. (NYSE: NTG) today announced that as of Aug. 31, 2011, the company’s unaudited total assets were approximately $1.5 billion and its unaudited net asset value was $1.1 billion, or $24.03 per share.
As of Aug. 31, 2011, the company was in compliance with its asset coverage ratios under the Investment Company Act of 1940 (the 1940 Act) and basic maintenance covenants. The company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 565 percent, and its coverage ratio for preferred shares was 418 percent. For more information on calculation of coverage ratios, please refer to our most recent applicable prospectus.
Set forth below is a summary of the company’s unaudited balance sheet at Aug. 31, 2011 and a summary of its top 10 holdings.
Unaudited Balance Sheet
|(in Millions)||Per Share|
|Cash and Cash Equivalents||3.3||0.07|
|Receivable for Investments Sold||5.4||0.12|
|Distribution Payable to Common Stockholders||18.7||0.41|
|Payable for Investments Purchased||8.4||0.19|
|Deferred Tax Liability||48.9||1.07|
|Net Assets||$1,095.4||$ 24.03|