Tortoise Power & Energy Infrastructure Fund, Inc. Provides Unaudited Balance Sheet Information & Asset Coverage Ratio Update ...
2014年8月2日 - 6:45AM
ビジネスワイヤ(英語)
Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ)
today announced that as of July 31, 2014, the company’s unaudited
total assets were approximately $254.0 million and its unaudited
net asset value was $214.3 million, or $30.83 per share.
As of July 31, 2014, the company was in compliance with its
asset coverage ratios under the Investment Company Act of 1940 (the
1940 Act). The company’s asset coverage ratio under the 1940 Act
with respect to senior securities representing indebtedness was 648
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 July 31, 2014, and a summary of its top 10 holdings.
Unaudited balance sheet
(in Millions) Per
Share Investments $ 251.3 $36.16 Cash and Cash Equivalents
0.1 0.01 Receivable for Investments Sold 0.1 0.02 Other Assets
2.5 0.35 Total Assets
254.0
36.54 Short-Term Borrowings 39.1 5.62
Payable for Investments Purchased 0.1 0.01 Other Liabilities
0.5 0.08 Net Assets
$ 214.3
$30.83
6.95 million common shares currently outstanding.
Top 10 holdings (as of July 31, 2014)
Name
MarketValue(in Millions)
%
ofInvestmentSecurities(1)
Enbridge Energy Management, L.L.C. (equity) $ 18.5 7.3% Kinder
Morgan Management, L.L.C. (equity) 14.8 5.9% Enterprise Products
Partners, L.P. (equity) 7.1 2.8% Midcontinent Express Pipelines
(fixed income) 6.9 2.7% Sunoco Logistics Partners, L.P. (equity)
6.8 2.7% CMS Energy Corp. (fixed income) 6.7 2.6% El Paso Corp.
(fixed income) 6.6 2.6% DCP Midstream LLC (fixed income) 6.4 2.5%
TransCanada PipeLines Limited (fixed income) 6.3 2.5% NRG Energy
Inc. (fixed income)
6.2 2.5% Total
$86.3 34.1%
(1) Percent of Investments and Cash Equivalents
About Tortoise Power and Energy Infrastructure Fund,
Inc.
Tortoise Power and Energy Infrastructure Fund, Inc. (TPZ)
invests in a portfolio of fixed income and equity securities issued
by power and energy infrastructure companies. TPZ’s objective is to
provide stockholders a high level of current income, with a
secondary objective of capital appreciation.
About Tortoise Capital Advisors, L.L.C.
Tortoise Capital Advisors, L.L.C. is an investment manager
specializing in listed energy investments. As of June 30, 2014, the
adviser had approximately $18.6 billion of assets under management
in NYSE-listed closed-end investment companies, open-end funds and
other accounts. For more information, visit
www.tortoiseadvisors.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.
Forward-looking statement
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 company 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 company’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 company and Tortoise Capital Advisors do not assume a
duty to update this forward-looking statement.
Tortoise Capital Advisors, L.L.C.Pam Kearney,
866-362-9331Investor Relationspkearney@tortoiseadvisors.com
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