Certain closed-end funds managed by Tortoise Capital Advisors declared the following distributions today.
% Change from Prior Distribution
% Change from Prior Year
|Tortoise Energy Infrastructure Corp.||TYG||$0.5650||0.4%||1.8%|
|Tortoise Energy Capital Corp.||TYY||$0.4175||0.6%||2.5%|
|Tortoise North American Energy Corp.||TYN||$0.3925||0.6%||2.6%|
|Tortoise MLP Fund, Inc.||NTG||$0.4150||N/A||0.6%|
|Tortoise Pipeline & Energy Fund, Inc.||TTP||$0.4075||N/A||N/A|
The TYG, TYY, TYN, NTG and TTP quarterly distributions will be paid on Nov. 30, 2012 to stockholders of record on Nov. 23, 2012. For tax purposes, we currently expect 80 to 100 percent of each of TYG’s, TYY’s and TYN’s 2012 distributions to be characterized as qualified dividend income (“QDI”), with the remainder, if any, as return of capital; 90 to 100 percent of NTG’s 2012 distributions to be characterized as return of capital, with the remainder, if any, as QDI; and 80 to 100 percent of TTP’s 2012 distributions to be characterized as dividend income and capital gain, with the remainder, if any, as return of capital. A final determination of the characterization will be made in January 2013.