Tortoise MLP Fund, Inc. Provides Unaudited Balance Sheet Information And Asset Coverage Ratio Update As Of Dec. 31, 2012
Tortoise MLP Fund, Inc. (NYSE: NTG) today announced that as of Dec. 31, 2012, the company’s unaudited total assets were approximately $1.6 billion and its unaudited net asset value was $1.1 billion, or $23.91 per share.
As of Dec. 31, 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 538 percent, and its coverage ratio for preferred shares was 405 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 Dec. 31, 2012 and a summary of its top 10 holdings.
Unaudited Balance Sheet
|(in Millions)||Per Share|
|Cash and Cash Equivalents||0.1||0.00|
|Receivable for Investments Sold||5.6||0.12|
|Payable for Investments Purchased||3.7||0.08|
|Deferred Tax Liability||103.1||2.21|
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts