Tortoise MLP Fund, Inc. Provides Unaudited Balance Sheet Information And Asset Coverage Ratio Update As Of April 30, 2012

Tortoise MLP Fund, Inc. (NYSE: NTG) today announced that as of April 30, 2012, the company’s unaudited total assets were approximately $1.7 billion and its unaudited net asset value was $1.2 billion, or $25.78 per share.

As of April 30, 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 552 percent, and its coverage ratio for preferred shares was 418 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 April 30, 2012 and a summary of its top 10 holdings.

Unaudited Balance Sheet
      (in Millions)       Per Share
Investments $1,672.6 $ 36.32
Cash and Cash Equivalents 0.1 0.00
Other Assets 9.5 0.21
Total Assets 1,682.2 36.53
Short-Term Borrowings 27.7 0.60
Senior Notes 255.0 5.54
Preferred Stock 90.0 1.95
Total Leverage 372.7 8.09
Other Liabilities 3.6 0.08
Deferred Tax Liability 118.9 2.58
Net Assets $1,187.0 $ 25.78

46.05 million common shares currently outstanding.

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