Tortoise MLP Fund, Inc. (NYSE: NTG) today announced that as of Nov. 30, 2012, the company’s unaudited total assets were approximately $1.6 billion and its unaudited net asset value was $1.1 billion, or $24.50 per share.
As of Nov. 30, 2012, the company was in compliance with its asset coverage ratios 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 541 percent, and its coverage ratio for preferred shares was 409 percent. For more information on calculation of coverage ratios, please refer to the company’s most recent applicable prospectus.
The company issued 51,800 shares of common stock under its at-the-market equity offering program for gross proceeds of approximately $1.3 million during the month of November 2012.
Set forth below is a summary of the company’s unaudited balance sheet at Nov. 30, 2012 and a summary of its top 10 holdings.Unaudited Balance Sheet
|Deferred Tax Liability||118.7||2.55|
46.56 million common shares currently outstanding.
|El Paso Pipeline Partners, L.P.||$||138.9||8.5||%|
|Williams Partners L.P.||129.5||7.9||%|
|Energy Transfer Partners, L.P.||127.0||7.8||%|
|Enterprise Products Partners L.P.||123.5||7.6||%|
|Regency Energy Partners LP||101.1||6.2||%|
|Boardwalk Pipeline Partners, LP||90.9||5.6||%|
|Spectra Energy Partners, LP||80.6||4.9||%|
|ONEOK Partners, L.P.||78.6||4.8||%|
|Plains All American Pipeline, L.P.||70.6||4.3||%|
|Kinder Morgan Management, LLC||68.2||4.2||%|
(1) Percent of Investments and Cash Equivalents