Tortoise MLP Fund, Inc. (NYSE: NTG) today announced that as of Jan. 31, 2013, the company’s unaudited total assets were approximately $1.8 billion and its unaudited net asset value was $1.2 billion, or $26.54 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) and basic maintenance covenants. The company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 567 percent, and its coverage ratio for preferred shares was 431 percent. For more information on calculation of coverage ratios, please refer to the company’s most recent applicable prospectus.
The company issued 57,190 shares of common stock under its at-the-market equity offering program for gross proceeds of approximately $1.5 million during the month of January 2013.
Set forth below is a summary of the company’s unaudited balance sheet at Jan. 31, 2013 and a summary of its top 10 holdings.Unaudited Balance Sheet
|(in Millions)||Per Share|
|Cash and Cash Equivalents||0.1||0.00|
|Deferred Tax Liability||174.1||3.73|
46.62 million common shares currently outstanding.
MarketValue (in Millions)
% ofInvestment Securities (1)
|El Paso Pipeline Partners, L.P.||$||149.6||8.4||%|
|Energy Transfer Partners, L.P.||136.0||7.7||%|
|Enterprise Products Partners L.P.||122.2||6.9||%|
|Williams Partners L.P.||117.2||6.6||%|
|Regency Energy Partners LP||111.7||6.3||%|
|Spectra Energy Partners, LP||100.3||5.6||%|
|Boardwalk Pipeline Partners, LP||97.0||5.5||%|
|Plains All American Pipeline, L.P.||79.9||4.5||%|
|Kinder Morgan Management, LLC||75.3||4.2||%|
|ONEOK Partners, L.P.||71.4||4.0||%|
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