Tortoise MLP Fund, Inc. Provides Unaudited Balance Sheet Information And Asset Coverage Ratio Update As Of Jan. 31, 2012

Tortoise MLP Fund, Inc. (NYSE: NTG) today announced that as of Jan. 31, 2012, the company’s unaudited total assets were approximately $1.7 billion and its unaudited net asset value was $1.2 billion, or $26.10 per share.

As of Jan. 31, 2012, 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 535 percent, and its coverage ratio for preferred shares was 410 percent. For more information on calculation of coverage ratios, please refer to our most recent applicable prospectus.

Set forth below is a summary of the company’s unaudited balance sheet at Jan. 31, 2012 and a summary of its top 10 holdings.

Unaudited Balance Sheet

(in Millions)

Per Share
Investments $1,689.4 $ 36.77
Cash and Cash Equivalents 0.1 0.00
Receivable for Investments Sold 5.8 0.12
Other Assets


Total Assets


Short-Term Borrowings 41.4 0.90
Senior Notes 255.0 5.55
Preferred Stock


Total Leverage


Payable for Investments Purchased 1.4 0.03
Other Liabilities 3.8 0.08
Deferred Tax Liability


Net Assets $1,199.2 $ 26.10

45.95 million common shares currently outstanding.

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