Tortoise MLP Fund, Inc. Announces Distribution Increase
The Board of Directors of Tortoise MLP Fund, Inc. (NYSE: NTG) today declared the company’s fourth quarter 2011 distribution of $0.4125 per share, an increase of 0.6 percent compared to the $0.41 distribution in the previous quarter. The distribution is payable on Nov. 30, 2011, to stockholders of record on Nov. 22, 2011.
For tax purposes, the company estimates at least 90 percent of NTG’s 2011 distributions will be characterized as return of capital with the remaining percentage characterized as qualified dividend income. The final characterization will not be made until determination of its earnings and profits after year end. For book purposes, the source of this distribution is estimated to be 100 percent return of capital.
Year-End Conference Call
The company will host a conference call on Dec. 15, 2011 at 4:30 p.m. EST, to discuss current U.S. energy infrastructure industry market conditions and NTG’s 2011 year-end performance results. Participants can access the conference call by dialing (800) 762-8779. The replay access code is 4487035. The call will also be webcast in a listen-only format. A link to the webcast will be accessible at www.tortoiseadvisors.com.About Tortoise MLP Fund, Inc. Tortoise MLP Fund, Inc. seeks to achieve its investment objective by investing primarily in energy infrastructure master limited partnership (MLPs) and their affiliates, with an emphasis on natural gas infrastructure MLPs. Tortoise MLP Fund Inc.’s investment objective is to provide its stockholders a high level of total return with an emphasis on current distributions. About Tortoise Capital Advisors, LLC Tortoise Capital Advisors, LLC is an investment manager specializing in listed energy infrastructure investments. As of Oct. 31, 2011 the adviser had approximately $7.2 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.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts