This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

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

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

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.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 16,790.19 +13.76 0.08%
S&P 500 1,979.92 -7.13 -0.36%
NASDAQ 4,748.3610 -32.9030 -0.69%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs