Tortoise MLP Fund, Inc. (NYSE: NTG) today announced that as of June 30, 2013, the company’s unaudited total assets were approximately $2.0 billion and its unaudited net asset value was $1.3 billion, or $28.50 per share.
As of June 30, 2013, the company was in compliance with its asset coverage ratios under the Investment Company Act of 1940 (the 1940 Act) and basic maintenance covenants. The company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 629 percent, and its coverage ratio for preferred shares was 471 percent. For more information on calculation of coverage ratios, please refer to the company’s most recent applicable prospectus.
Set forth below is a summary of the company’s unaudited balance sheet at June 30, 2013 and a summary of its top 10 holdings.
Unaudited Balance Sheet
|(in Millions)||Per Share|
|Cash and Cash Equivalents||0.2||0.00|
|Short Term Borrowings||15.1||0.32|
|Deferred Tax Liability||250.1||5.33|
46.93 million common shares currently outstanding.
MarketValue (in Millions)
% ofInvestment Securities (1)
|Spectra Energy Partners, LP||$||154.5||7.9||%|
|Energy Transfer Partners, L.P.||146.2||7.5||%|
|El Paso Pipeline Partners, L.P.||137.4||7.0||%|
|Enterprise Products Partners L.P.||134.0||6.9||%|
|Regency Energy Partners, L.P.||121.9||6.3||%|
|Boardwalk Pipeline Partners, LP||106.4||5.5||%|
|Williams Partners, L.P.||100.2||5.1||%|
|Plains All American Pipeline, L.P.||89.0||4.6||%|
|Buckeye Partners, L.P.||78.0||4.0||%|
|Kinder Morgan Management, LLC||77.5||4.0||%|
(1) Percent of Investments and Cash Equivalents