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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
Cash and Cash Equivalents
Deferred Tax Liability
46.62 million common shares currently outstanding.
Top 10 Holdings (as of Jan. 31, 2013)
MarketValue (in Millions)
% ofInvestment Securities(1)
El Paso Pipeline Partners, L.P.
Energy Transfer Partners, L.P.
Enterprise Products Partners L.P.
Williams Partners L.P.
Regency Energy Partners LP
Spectra Energy Partners, LP
Boardwalk Pipeline Partners, LP
Plains All American Pipeline, L.P.
Kinder Morgan Management, LLC
ONEOK Partners, L.P.
(1) Percent of Investments and Cash Equivalents
About Tortoise MLP Fund, Inc.
Tortoise MLP Fund, Inc. owns a portfolio of master limited partnership (MLP) investments in the energy infrastructure sector, with an emphasis on natural gas infrastructure MLPs. Tortoise MLP Fund, Inc.’s goal is to provide its stockholders a high level of total return with an emphasis on current distributions.