Tortoise Energy Capital Corp. Announces Distribution Increase
10 5월 2011 - 5:43AM
Business Wire
The Board of Directors of Tortoise Energy Capital Corp. (NYSE:
TYY) today declared the company's second quarter 2011 distribution
of $0.4025 per share, an increase of 0.6 percent compared to the
$0.40 distribution in the previous quarter. The distribution will
be paid on June 1, 2011, to stockholders of record on May 24,
2011.
A portion of this distribution is expected to be treated as
return of capital for income tax purposes, although the ultimate
determination will not be made until determination of our earnings
and profits after our year-end. For book purposes, the source of
this distribution is estimated to be 100 percent return of
capital.
Annual Stockholders’ Meeting
TYY will host its annual stockholders’ meeting on May 20, 2011
at 9 a.m. CDT at 11550 Ash Street, Suite 300, Leawood, Kan. The
meeting can be accessed via conference call by dialing (800)
762-8779 (U.S./Canada).
The conference call will also be webcast simultaneously on the
Investor Relations section of the company's website at
www.tortoiseadvisors.com. A replay will be available one hour after
the call and can be accessed by dialing 800-406-7325 (U.S./Canada)
and entering access code 4433628#. This replay will be available
through May 27, 2011. A replay of the webcast will also be
available on the company's website at www.tortoiseadvisors.com
through May 20, 2012.
About Tortoise Energy Capital Corp.
Tortoise Energy Capital Corp. provides financing for master
limited partnerships (MLPs) in the energy infrastructure sector,
focusing on crude oil and refined petroleum products MLPs and
natural gas and natural gas liquids pipelines MLPs. Tortoise Energy
Capital Corp. seeks to provide its stockholders a high level of
total return with an emphasis on current distributions.
About Tortoise Capital Advisors, LLC
Tortoise is an investment manager specializing in listed energy
infrastructure investments, such as pipeline and power companies.
As of April 30, 2011, the adviser had approximately $6.9 billion of
assets under management in six NYSE-listed investment companies and
private accounts. For more information, visit our website at
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.
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