23:25 | 14.06.2018
Tortoise Capital Advisors, L.L.C. Announces Third Quarter Distribution Amount and Dates for Tortoise MLP Fund, Inc. (NTG)
Tortoise MLP Fund Inc. (NTG) a closed-end fund managed by Tortoise
Capital Advisors, declared the following distribution today:
% Changefrom PriorDistribution
% Changefrom PriorYear
Tortoise MLP Fund, Inc.
The distribution is payable on August 31, 2018 to stockholders of record
on July 3, 2018.
As previously announced, the Board of Directors of NTG has approved the
terms of the issuance of transferable rights (“Rights”) to the holders
of the NTG common stock (par value $0.001 per share) (“Common Stock”),
as of June 19, 2018 (the record date of the Offer), entitling the
holders of such Rights to subscribe for additional shares of Common
Stock (the “Offer”). The August 31, 2018 distribution will not be
payable with respect to Common Stock that is issued pursuant to the
Offer after the July 3, 2018 record date for the distribution. Shares
issued pursuant to the Offer will be entitled to receive the quarterly
dividend expected to be payable in November, if and when declared by the
Board of Directors of NTG.
For book purposes, the source of distributions for NTG is estimated to
be 100% return of capital. For tax purposes, the characterization will
not be made until determination of earnings and profits after year end.
NTG Rights Offering Informational Conference Call
Tortoise will host an informational conference call regarding the NTG
Rights Offer on Thursday, June 28, 2018 at 3:00 p.m. Central.
Toll Free Dial-In Number: (877) 407-9210Replay Number: (877)
481-4010Replay Pin: 33520 (available through July 30th)
The Offer will be made pursuant to NTG’s effective shelf registration
statement on file with the Securities and Exchange Commission (“SEC”)
and only by means of a prospectus supplement and accompanying
prospectus. NTG expects to mail subscription certificates evidencing the
Rights and a copy of the prospectus supplement and accompanying
prospectus for the Offer to holders of Common Stock on June 19, 2018,
the record date for the Offer (“Record Date Stockholders”) within the
United States shortly following the record date for the Offer. To
exercise their Rights, Record Date Stockholders who hold their Common
Stock through a broker, custodian or trust company should contact such
entity to forward their instructions to either exercise or sell their
Rights on their behalf. Record Date Stockholders who do not hold Common
Stock through a broker, custodian, or trust company should forward their
instructions to either exercise or sell their Rights by completing the
subscription certificate and delivering it to the subscription agent for
the Offer, together with their payment, at one of the locations
indicated on the subscription certificate or in the prospectus
The information in this press release is not complete and is subject
to change. This document is not an offer to sell any securities and is
not soliciting an offer to buy any securities in any jurisdiction where
the offer or sale is not permitted. This document is not an offering,
which can only be made by a prospectus. Investors should consider the
Company’s investment objectives, risks, charges and expenses carefully
before investing. NTG’s prospectus supplement and accompanying
prospectus will contain this and additional information about NTG and
additional information about the Offer, and should be read carefully
before investing. For further information regarding the Offer, or to
obtain a prospectus supplement and the accompanying prospectus, when
available, please contact NTG’s information agent:AST Fund Solutions, LLC55 Challenger Road, Suite 201Ridgefield
Park, NJ 07660(866) 751-6315About Tortoise
Tortoise specializes in essential assets and income. Tortoise invests in
assets and services that serve essential needs in society and can also
serve essential client needs, such as diversification and income.
Tortoise’s energy investing expertise across the energy value chain,
including infrastructure and MLPs, dates back more than 15 years.
Through a variety of investment vehicles, Tortoise provides access to a
wide range of client solutions, focused on their evolving needs. For
more information, please visit www.tortoiseadvisors.com.
About Tortoise MLP Fund, Inc.
Tortoise MLP Fund, Inc. (NYSE: NTG) owns a portfolio of master limited
partnership (MLP) investments in the energy infrastructure sector, with
an emphasis on natural gas infrastructure MLPs. Tortoise MLP Fund,
Inc.’s investment objective is to provide its stockholders a high level
of total return with an emphasis on current distributions.
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.
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.
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