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

Tortoise MLP Fund, Inc. (NYSE: NTG) today announced that as of Dec. 31, 2012, the company’s unaudited total assets were approximately $1.6 billion and its unaudited net asset value was $1.1 billion, or $23.91 per share.

As of Dec. 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 538 percent, and its coverage ratio for preferred shares was 405 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 Dec. 31, 2012 and a summary of its top 10 holdings.

Unaudited Balance Sheet
  (in Millions)   Per Share
Investments $ 1,581.3 $ 33.96
Cash and Cash Equivalents 0.1 0.00
Receivable for Investments Sold 5.6 0.12
Other Assets   2.8   0.06
Total Assets   1,589.8   34.14
Short-Term Borrowings 19.8 0.43
Senior Notes 255.0 5.48
Preferred Stock   90.0   1.93
Total Leverage   364.8   7.84
Payable for Investments Purchased 3.7 0.08
Other Liabilities 4.8 0.10
Deferred Tax Liability   103.1   2.21
Net Assets $ 1,113.4 $ 23.91

46.56 million common shares currently outstanding.

If you liked this article you might like

These High-Yielding Closed End Funds Will Boost Your Portfolio

Fire Up Your Portfolio With These High Yielding Closed End Funds

Ex-Dividends To Watch: 3 Stocks Going Ex-Dividend Tomorrow: SBW, BGX, NTG

Dividend Watch: 4 Stocks Going Ex-Dividend Tomorrow: ETO, HYI, NTG, SNA

4 Energy Stocks Ripping Higher on Unusual Volume