Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ) today announced that as of Sept. 30, 2012, the company’s unaudited total assets were approximately $225.4 million and its unaudited net asset value was $187.2 million, or $26.94 per share.
As of Sept. 30, 2012, the company was in compliance with its asset coverage ratio under the Investment Company Act of 1940 (the 1940 Act) and basic maintenance covenants. The company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 614 percent. For more information on calculation of coverage ratios, please refer to the company’s most recent applicable prospectus.
Set forth below is a summary of the company’s unaudited balance sheet at Sept. 30, 2012, and a summary of its top 10 holdings.
Unaudited Balance Sheet
|(in Millions)||Per Share|
|Cash and Cash Equivalents||0.3||0.04|
6.95 million common shares currently outstanding.
MarketValue (in Millions)
% ofInvestment Securities (1)
|Kinder Morgan Management, L.L.C. (equity)||$||17.4||7.8||%|
|Enbridge Energy Management, L.L.C. (equity)||16.0||7.2||%|
|ONEOK Partners, L.P. (equity)||7.0||3.1||%|
|Enterprise Products Partners, L.P. (equity)||6.8||3.1||%|
|CMS Energy Corp. (fixed income)||6.7||3.0||%|
|NRG Energy, Inc. (fixed income)||6.5||2.9||%|
|DCP Midstream LLC (fixed income)||6.4||2.9||%|
|TransCanada Pipelines Limited (fixed income)||6.4||2.9||%|
|Midcontinent Express Pipeline LLC (fixed income)||6.4||2.9||%|
|PPL Capital Funding, Inc. (fixed income)||6.2||2.8||%|