Tortoise MLP Fund, Inc. (NYSE: NTG) today announced that as of Sept. 30, 2013, the company’s unaudited total assets were approximately $1.9 billion and its unaudited net asset value was $1.3 billion, or $27.96 per share.
As of Sept. 30, 2013, the company was in compliance with its asset coverage ratios under the Investment Company Act of 1940 (the 1940 Act) and basic maintenance covenants. The company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 619 percent, and its coverage ratio for preferred shares was 465 percent. For more information on calculation of coverage ratios, please refer to the company’s most recent applicable prospectus.
Set forth below is a summary of the company’s unaudited balance sheet at Sept. 30, 2013 and a summary of its top 10 holdings.
Unaudited Balance Sheet
|(in Millions)||Per Share|
|Cash and Cash Equivalents||0.4||0.01|
|Receivable for Investments Sold||0.5||0.01|
|Short Term Borrowings||15.4||0.33|
|Deferred Tax Liability||247.1||5.26|
47.00 million common shares currently outstanding.
MarketValue (in Millions)
% ofInvestment Securities (1)
|Energy Transfer Partners, L.P.||$||150.7||7.8||%|
|Spectra Energy Partners, L.P.||147.4||7.7||%|
|Enterprise Products Partners L.P.||131.6||6.8||%|
|Regency Energy Partners, L.P.||129.3||6.7||%|
|El Paso Pipeline Partners, L.P.||128.7||6.7||%|
|Boardwalk Pipeline Partners, LP||107.0||5.6||%|
|Williams Partners, L.P.||102.6||5.3||%|
|Plains All American Pipeline, L.P.||88.8||4.6||%|
|Buckeye Partners, L.P.||72.8||3.8||%|
|Markwest Energy Partners, L.P.||71.7||3.7||%|
(1) Percent of Investments and Cash Equivalents