Tortoise MLP Fund, Inc. Provides Unaudited Balance Sheet Information And Asset Coverage Ratio Update As Of Nov. 30, 2016

Tortoise MLP Fund, Inc. (NYSE: NTG) today announced that as of Nov. 30, 2016, the company's unaudited total assets were approximately $1.5 billion and its unaudited net asset value was $904.9 million, or $19.22 per share.

As of Nov. 30, 2016, 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 407 percent, and its coverage ratio for preferred shares was 305 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 preliminary balance sheet at Nov. 30, 2016 and a summary of its top 10 holdings.

Unaudited balance sheet
    (in Millions)     Per Share
Investments $1,511.3 $ 32.10
Cash and Cash Equivalents 0.4 0.01
Current Tax Asset 0.8 0.02
Other Assets 1.9 0.04
Total Assets 1,514.4 32.17
 
Credit Facility Borrowings 46.8 0.99
Senior Notes 284.0 6.03
Preferred Stock 110.0 2.34
Total Leverage 440.8 9.36
 
Other Liabilities 7.3 0.16
Deferred Tax Liability 161.4 3.43
Net Assets $904.9 $ 19.22

47.08 million common shares currently outstanding.

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