ACCESS Newswire
02 Feb 2023, 06:35 GMT+10
OVERLAND PARK, KS / ACCESSWIRE / February 1, 2023 / Tortoise today announced the following unaudited balance sheet information and asset coverage ratio updates for TYG, NTG, TTP, NDP and TPZ.
Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of January 31, 2023, the company's unaudited total assets were approximately $601.0 million and its unaudited net asset value was $457.3 million, or $40.36 per share.
As of January 31, 2023, the company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 563%, and its coverage ratio for preferred shares was 422%. For more information on the company's coverage ratios, please refer to the leverage summary web page at https://cef.tortoiseecofin.com.
Set forth below is a summary of the company's unaudited balance sheet at January 31, 2023.
Unaudited balance sheet
11.33 million common shares currently outstanding.
Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) today announced that as of January 31, 2023, the company's unaudited total assets were approximately $306.5 million and its unaudited net asset value was $240.9 million, or $44.94 per share.
As of January 31, 2023, the company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 627%, and its coverage ratio for preferred shares was 473%. For more information on the company's coverage ratios, please refer to the leverage summary web page at https://cef.tortoiseecofin.com.
Set forth below is a summary of the company's unaudited balance sheet at January 31, 2023.
Unaudited balance sheet
5.36 million common shares currently outstanding.
Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) today announced that as of January 31, 2023, the company's unaudited total assets were approximately $92.2 million and its unaudited net asset value was $72.0 million, or $34.01 per share.
As of January 31, 2023, the company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 668%, and its coverage ratio for preferred shares was 463%. For more information on the company's coverage ratios, please refer to the leverage summary web page at https://cef.tortoiseecofin.com.
Set forth below is a summary of the company's unaudited balance sheet at January 31, 2023.
Unaudited balance sheet
2.12 million common shares currently outstanding.
Tortoise Energy Independence Fund, Inc. (NYSE:NDP) today announced that as of January 31, 2023, the company's unaudited total assets were approximately $71.8 million and its unaudited net asset value was $64.1 million, or $36.56 per share.
As of January 31, 2023, the company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 955%. For more information on the company's coverage ratios, please refer to the leverage summary web page at https://cef.tortoiseecofin.com.
Set forth below is a summary of the company's unaudited balance sheet at January 31, 2023.
Unaudited balance sheet
1.75 million common shares currently outstanding.
Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) today announced that as of January 31, 2023, the company's unaudited total assets were approximately $124.2 million and its unaudited net asset value was $98.6 million, or $15.90 per share.
As of January 31, 2023, the company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 491%. For more information on the company's coverage ratios, please refer to the leverage summary web page at https://cef.tortoiseecofin.com.
Set forth below is a summary of the company's unaudited balance sheet at January 31, 2023.
Unaudited balance sheet
6.20 million common shares currently outstanding.
The top 10 holdings for TYG, NTG, TTP, NDP and TPZ as of the most recent month-end can be found on each fund's portfolio web page at https://cef.tortoiseecofin.com.
About Tortoise
Tortoise focuses on energy & power infrastructure and the transition to cleaner energy. Tortoise's solid track record of energy value chain investment experience and research dates back more than 20 years. As an early investor in midstream energy, Tortoise believes it is well-positioned to be at the forefront of the global energy evolution that is underway. With a steady wins approach and a long-term perspective, Tortoise strives to make a positive impact on clients and communities. To learn more, please visit www.TortoiseEcofin.com.
Tortoise Capital Advisors, L.L.C. is the adviser to Tortoise Energy Infrastructure Corp., Tortoise Midstream Energy Fund, Inc., Tortoise Pipeline & Energy Fund, Inc., Tortoise Energy Independence Fund, Inc. and Tortoise Power and Energy Infrastructure Fund, Inc.
For additional information on these funds, please visit cef.tortoiseecofin.com.
Safe harbor statement
This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain statements that may include 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are 'forward-looking statements.' Although the funds and Tortoise Capital Advisors believe that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the fund's reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, the funds and Tortoise Capital Advisors do not assume a duty to update this forward-looking statement.
Contact information
For more information contact Jen Ashlock at (913) 981-1020 or [email protected].
SOURCE: Tortoise
Get a daily dose of Cleveland Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Cleveland Star.
More InformationWASHINGTON, D.C.: Mitsubishi Motors is the latest automaker to raise prices in the United States, joining a growing list of car companies...
INDIANAPOLIS, Indiana: Eli Lilly is making a bold play in cardiovascular gene therapy, announcing plans to acquire its partner Verve...
BEIJING/WELLINGTON: New Zealand's Prime Minister Christopher Luxon commenced his visit to China on June 17, seeking to strengthen trade...
NEW YORK, New York - U.S. stocks made only minor moves in both directions,Thursday, as investors fretted about the Israel-Iran conflict...
PARIS, France: Luxury group Kering's decision to tap Luca de Meo as its next chief is being seen as a daring but necessary attempt...
NEW YORK CITY, New York: The Trump family has unveiled a new venture in the telecom sector — and it's drawing as much scrutiny as it...
WASHINGTON, D.C.: Mitsubishi Motors is the latest automaker to raise prices in the United States, joining a growing list of car companies...
WASHINGTON, DC - In a bid to defuse speculation, U.S. President Donald Trump says he will make his decision on whether to have the...
ABU DHABI, 19th June, 2025 (WAM) -- Cleveland Clinic Abu Dhabi has become the first and only research hospital in the UAE to receive...
Washington DC [US], June 18 (ANI): As the music mogul Sean 'Diddy' Combs federal trial for sex trafficking and racketeering continues...
ABU DHABI, 17th June, 2025 (WAM) -- Cleveland Clinic Abu Dhabi, part of the M42 group, has successfully introduced continuous infusion...
Ohio, [US], June 15 (ANI): Researchers are working to improve the way we use evolutionary modeling to understand drug resistance. The...