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’ MeetingTYG, 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.
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