This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
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
Cash and Cash Equivalents
Receivable for Investments Sold
Short Term Borrowings
Deferred Tax Liability
47.00 million common shares currently outstanding.
Top 10 Holdings (as of Sept. 30, 2013)
MarketValue (in Millions)
% ofInvestment Securities(1)
Energy Transfer Partners, L.P.
Spectra Energy Partners, L.P.
Enterprise Products Partners L.P.
Regency Energy Partners, L.P.
El Paso Pipeline Partners, L.P.
Boardwalk Pipeline Partners, LP
Williams Partners, L.P.
Plains All American Pipeline, L.P.
Buckeye Partners, L.P.
Markwest Energy 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.