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Tortoise Power And Energy Infrastructure Fund, Inc. Provides Unaudited Balance Sheet Information And Asset Coverage Ratio Update As Of Jan. 31, 2013

Stocks in this article: TPZ

Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ) today announced that as of Jan. 31, 2013, the company’s unaudited total assets were approximately $231.6 million and its unaudited net asset value was $193.2 million, or $27.80 per share.

As of Jan. 31, 2013, the company was in compliance with its asset coverage ratios under the Investment Company Act of 1940 (the 1940 Act). The company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 619 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 Jan. 31, 2013, and a summary of its top 10 holdings.

Unaudited Balance Sheet

  (in Millions)   Per Share
Investments $ 228.7 $ 32.90
Cash and Cash Equivalents 0.1 0.02
Receivable for Investments Sold 0.3 0.04
Other Assets   2.5   0.36
Total Assets   231.6   33.32
 
Short-Term Borrowings 37.2 5.35
 
Other Liabilities   1.2   0.17
Net Assets $ 193.2 $ 27.80

6.95 million common shares currently outstanding.

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