FOR INSTANT RELEASE.
OVERLAND PARK, KS – December 1, 2022 – Tortoise today revealed the following initial unaudited balance sheet info and possession protection ratio updates for TYG, NTG, TTP, NDP and TPZ.
Tortoise Energy Facilities Corp. (NYSE: TYG) today revealed that since November 30, 2022, the business’s unaudited overall possessions were roughly $622.4 million and its unaudited net possession worth was $469.9 million, or $41.46 per share.
Since November 30, 2022, the business’s possession protection ratio under the 1940 Show regard to senior securities representing insolvency was 550%, and its protection ratio for favored shares was 417%. To find out more on the business’s protection ratios, please describe the utilize summary websites at https://cef.tortoiseecofin.com.
State below is a summary of the business’s initial unaudited balance sheet at November 30, 2022.
Unaudited balance sheet
|
( in Millions) |
Per Share |
|
|
Investments. |
$ 618.7. |
$ 54.60. |
|
Money and Money Equivalents. |
0.3. |
0.03. |
|
Receivable for Investments Sold. |
1.7. |
0.15. |
|
Existing Tax Property. |
0.1. |
0.01. |
|
Other Possessions. |
1.6 |
0.14 |
|
Overall Possessions. |
622.4 |
54.93 |
|
Short-Term Borrowings. |
30.7. |
2.71. |
|
Senior Notes. |
81.6. |
7.20. |
|
Preferred Stock. |
35.7 |
3.15 |
|
Overall Take advantage of. |
148.0 |
13.06 |
|
Payable for Investments Purchased. |
1.7. |
0.15. |
|
Other Liabilities. |
2.8 |
0.26 |
|
Net Possessions. |
$ 469.9 |
$ 41.46 |
11.33 million typical shares presently exceptional.
Tortoise Midstream Energy Fund, Inc. (NYSE: NTG) today revealed that since November 30, 2022, the business’s unaudited overall possessions were roughly $323.4 million and its unaudited net possession worth was $247.6 million, or $46.18 per share.
Since November 30, 2022, the business’s possession protection ratio under the 1940 Show regard to senior securities representing insolvency was 727%, and its protection ratio for favored shares was 497%. To find out more on the business’s protection ratios, please describe the utilize summary websites at https://cef.tortoiseecofin.com.
State below is a summary of the business’s initial unaudited balance sheet at November 30, 2022.
Unaudited balance sheet
|
( in Millions) |
Per Share |
|
|
Investments. |
$ 309.9. |
$ 57.80. |
|
Money and Money Equivalents. |
0.2. |
0.04. |
|
Receivable for Investments Sold. |
12.1. |
2.26. |
|
Existing Tax Property. |
0.1. |
0.02. |
|
Other Possessions. |
1.1 |
0.21 |
|
Overall Possessions. |
323.4 |
66.33 |
|
Short-Term Borrowings. |
10.5. |
1.96. |
|
Senior Notes. |
32.2. |
5.99. |
|
Preferred Stock. |
19.7 |
3.68 |
|
Overall Take advantage of. |
62.4 |
11.63 |
|
Payable for Investments Purchased. |
12.1. |
2.26. |
|
Other Liability. |
1.3 |
0.26 |
|
Net Possessions. |
$ 247.6 |
$ 46.18 |
5.36 million typical shares presently exceptional.
Tortoise Pipeline & & Energy Fund, Inc. (NYSE: TTP) today revealed that since November 30, 2022, the business’s unaudited overall possessions were roughly $94.0 million and its unaudited net possession worth was $73.6 million, or $34.75 per share.
Since November 30, 2022, the business’s possession protection ratio under the 1940 Show regard to senior securities representing insolvency was 680%, and its protection ratio for favored shares was 471%. To find out more on the business’s protection ratios, please describe the utilize summary websites at https://cef.tortoiseecofin.com.
State below is a summary of the business’s initial unaudited balance sheet at November 30, 2022.
Unaudited balance sheet
|
( in Millions) |
Per Share |
|
|
Investments. |
$ 93.2. |
$ 44.06. |
|
Money and Money Equivalents. |
0.3. |
0.14. |
|
Other Possessions. |
0.5 |
0.21 |
|
Overall Possessions. |
94.0 |
44.41 |
|
Short-Term Borrowings. |
9.8. |
4.63. |
|
Senior Notes. |
3.9. |
1.86. |
|
Preferred Stock. |
6.1 |
2.88 |
|
Overall Take advantage of. |
19.8 |
9.37 |
|
Other Liabilities. |
0.4 |
0.29 |
|
Net Possessions. |
$ 73.6 |
$ 34.75 |
2.12 million typical shares presently exceptional.
Tortoise Energy Self-reliance Fund, Inc.( NYSE: NDP) today revealed that since November 30, 2022, the business’s unaudited overall possessions were roughly $71.1 million and its unaudited net possession worth was $67.1 million, or $38.25 per share.
Since November 30, 2022, the business’s possession protection ratio under the 1940 Show regard to senior securities representing insolvency was 1,913%. To find out more on the business’s protection ratios, please describe the utilize summary websites at https://cef.tortoiseecofin.com.
State below is a summary of the business’s initial unaudited balance sheet at November 30, 2022.
Unaudited balance sheet
|
( in Millions) |
Per Share |
|
|
Investments. |
$ 70.2. |
$ 40.03. |
|
Money and Money Equivalents. |
0.6. |
0.32. |
|
Other Possessions. |
0.3 |
0.18 |
|
Overall Possessions. |
71.1 |
40.53 |
|
Credit Center Borrowings. |
3.7 |
2.11 |
|
Other Liabilities. |
0.3 |
0.17 |
|
Net Possessions. |
$ 67.1 |
$ 38.25 |
1.75 million typical shares presently exceptional.
Tortoise Power and Energy Facilities Fund, Inc. (NYSE: TPZ) today revealed that since November 30, 2022, the business’s unaudited overall possessions were roughly $124.7 million and its unaudited net possession worth was $98.2 million, or $15.85 per share.
Since November 30, 2022, the business’s possession protection ratio under the 1940 Show regard to senior securities representing insolvency was 479%. To find out more on the business’s protection ratios, please describe the utilize summary websites at https://cef.tortoiseecofin.com.
State below is a summary of the business’s initial unaudited balance sheet at November 30, 2022.
Unaudited balance sheet
|
( in Millions) |
Per Share |
|
|
Investments. |
$ 123.1. |
$ 19.86. |
|
Money and Money Equivalents. |
0.3. |
0.05. |
|
Other Possessions. |
1.3 |
0.21 |
|
Overall Possessions. |
124.7 |
20.12 |
|
Credit Center Borrowings. |
25.9 |
4.18 |
|
Other Liabilities. |
0.6 |
0.09 |
|
Net Possessions. |
$ 98.2 |
$ 15.85 |
6.20 million typical shares presently exceptional.
The leading 10 holdings for TYG, NTG, TTP, NDP and TPZ since the most current month-end can be discovered on each fund’s portfolio websites at https://cef.tortoiseecofin.com.
About Tortoise
Tortoise concentrates on energy & & power facilities and the shift to cleaner energy. Tortoise’s strong performance history of energy worth chain financial investment experience and research study go back more than twenty years. As one of the earliest financiers in midstream energy, Tortoise thinks it is well-positioned to be at the leading edge of the international energy development that is underway. With a constant wins technique and a long-lasting point of view, Tortoise aims to make a favorable influence on customers and neighborhoods. To read more, please see www.TortoiseEcofin.com.
Tortoise Capital Advisors, L.L.C. is the advisor to Tortoise Energy Facilities Corp., Tortoise Midstream Energy Fund, Inc., Tortoise Pipeline & & Energy Fund, Inc., Tortoise Energy Self-reliance Fund, Inc. and Tortoise Power and Energy Facilities Fund, Inc.
For extra info on these funds, please see cef.tortoiseecofin.com
Safe harbor declaration
This news release will not make up a deal to offer or a solicitation to purchase, nor will there be any sale of these securities in any state or jurisdiction in which such deal or solicitation or sale would be illegal previous to registration or credentials under the laws of such state or jurisdiction.
Cautionary Declaration Concerning Positive Declarations
This news release includes specific declarations that might consist of “positive declarations” within the significance of Area 27A of the Securities Act of 1933 and Area 21E of the Securities Exchange Act of 1934. All declarations, besides declarations of historic truth, consisted of herein are “positive declarations.” The funds and Tortoise Capital Advisors think that the expectations shown in these positive declarations are sensible, they do include presumptions, threats and unpredictabilities, and these expectations might show to be inaccurate. Real outcomes might vary materially from those prepared for in these positive declarations as an outcome of a range of elements, consisting of those talked about in the fund’s reports that are submitted with the Securities and Exchange Commission. You must not position unnecessary dependence on these positive declarations, which speak just since the date of this news release. Besides as needed by law, the funds and Tortoise Capital Advisors do not presume a responsibility to upgrade this positive declaration.
Contact info
To find out more contact Jen Ashlock at (913) 981-1020 or [email protected]
