{"id":447794,"date":"2021-03-01T22:03:29","date_gmt":"2021-03-02T03:03:29","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=447794"},"modified":"2021-03-01T22:03:29","modified_gmt":"2021-03-02T03:03:29","slug":"tortoise-provides-unaudited-balance-sheet-information-and-asset-coverage-ratio-updates-as-of-february-28-2021-for-tyg-ntg-ttp-ndp-tpz-and-teaf","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/tortoise-provides-unaudited-balance-sheet-information-and-asset-coverage-ratio-updates-as-of-february-28-2021-for-tyg-ntg-ttp-ndp-tpz-and-teaf\/","title":{"rendered":"Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of February 28, 2021 for TYG, NTG, TTP, NDP, TPZ and TEAF"},"content":{"rendered":"

<\/p>\n

Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of February 28, 2021 for TYG, NTG, TTP, NDP, TPZ and TEAF<\/b><\/p>\n

LEAWOOD, KS–(BUSINESS WIRE<\/a>)–
\nTortoise today announced the following unaudited balance sheet information and asset coverage ratio updates for TYG, NTG, TTP, NDP, TPZ and TEAF.\n<\/p>\n

Tortoise Energy Infrastructure Corp. (NYSE: TYG)<\/b> today announced that as of February 28, 2021, the company\u2019s unaudited total assets were approximately $517.7 million and its unaudited net asset value was $357.8 million, or $29.99 per share.\n<\/p>\n

\nAs of February 28, 2021, the company\u2019s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 419 percent, and its coverage ratio for preferred shares was 332 percent. For more information on the company\u2019s coverage ratios, please refer to the leverage summary web page at https:\/\/cef.tortoiseecofin.com<\/a>.\n<\/p>\n

\nSet forth below is a summary of the company\u2019s unaudited balance sheet at February 28, 2021.\n<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

Unaudited balance sheet<\/b><\/p>\n<\/td>\n

\n\n\n<\/tr>\n
\n\n\n\n\u00a0<\/td>\n<\/tr>\n
\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n(in Millions)\n<\/p>\n<\/td>\n

\n\n

\nPer Share\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nInvestments\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n463.6\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n38.87\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nCash and Cash Equivalents\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n0.2\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n0.02\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nReceivable for Investments Sold\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n0.8\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n0.07\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nIncome Tax Receivable\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n52.1\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n4.36\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nOther Assets\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n1.0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n0.09\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nTotal Assets\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n517.7\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n43.41\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\u00a0<\/td>\n<\/tr>\n
\n

\nShort-Term Borrowings\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n34.2\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n2.87\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nSenior Notes\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n87.9\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n7.37\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nPreferred Stock\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n32.3\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n2.71\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nTotal Leverage\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n154.4\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n12.95\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\u00a0<\/td>\n<\/tr>\n
\n

\nPayable for Investments Purchased\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n0.8\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n0.07\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nOther Liabilities\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n2.4\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n0.20\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nCurrent Tax Liability\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n2.3\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n0.20\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nNet Assets\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n357.8\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n29.99\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

\n11.93 million common shares currently outstanding.\n<\/p>\n

Tortoise Midstream Energy Fund, Inc. (NYSE: NTG)<\/b> today announced that as of February 28, 2021, the company\u2019s unaudited total assets were approximately $255.6 million and its unaudited net asset value was $176.8 million, or $31.33 per share.\n<\/p>\n

\nAs of February 28, 2021, the company\u2019s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 435 percent, and its coverage ratio for preferred shares was 358 percent. For more information on the company\u2019s coverage ratios, please refer to the leverage summary web page at https:\/\/cef.tortoiseecofin.com<\/a>.\n<\/p>\n

\nSet forth below is a summary of the company\u2019s unaudited balance sheet at February 28, 2021.\n<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

Unaudited balance sheet<\/b><\/p>\n<\/td>\n

\n\n\n<\/tr>\n
\n\n\n\n\u00a0<\/td>\n<\/tr>\n
\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n(in Millions)\n<\/p>\n<\/td>\n

\n\n

\nPer Share\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nInvestments\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n253.7\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n44.96\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nCash and Cash Equivalents\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n0.3\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n0.06\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nReceivable for Investments Sold\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n1.1\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n0.19\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nOther Assets\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n0.5\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n0.08\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nTotal Assets\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n255.6\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n45.29\n<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nShort-Term Borrowings\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n41.1\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n7.28\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nSenior Notes\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n15.3\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n2.71\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nPreferred Stock\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n12.2\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n2.17\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nTotal Leverage\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n68.6\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n12.16\n<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nPayable for Investments Purchased\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n1.2\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n0.21\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nOther Liabilities\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n1.1\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n0.20\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nCurrent Tax Liability\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n7.9\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n1.39\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nNet Assets\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n176.8\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n31.33\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

\n5.64 million common shares currently outstanding.\n<\/p>\n

Tortoise Pipeline & Energy Fund, Inc. (NYSE: TTP)<\/b> today announced that as of February 28, 2021, the company\u2019s unaudited total assets were approximately $75.0 million and its unaudited net asset value was $53.9 million, or $23.33 per share.\n<\/p>\n

\nAs of February 28, 2021, the company\u2019s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 515 percent, and its coverage ratio for preferred shares was 362 percent. For more information on the company\u2019s coverage ratios, please refer to the leverage summary web page at https:\/\/cef.tortoiseecofin.com<\/a>.\n<\/p>\n

\nSet forth below is a summary of the company\u2019s unaudited balance sheet at February 28, 2021.\n<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

Unaudited balance sheet<\/b><\/p>\n<\/td>\n

\n\n\n<\/tr>\n
\n\n\n\n\u00a0<\/td>\n<\/tr>\n
\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n(in Millions)\n<\/p>\n<\/td>\n

\n\n

\nPer Share\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nInvestments\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n73.4\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n31.77\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nCash and Cash Equivalents\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n1.3\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n0.56\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nOther Assets\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n0.3\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n0.14\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nTotal Assets\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n75.0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n32.47\n<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nSenior Notes\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n14.5\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n6.26\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nPreferred Stock\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n6.1\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n2.64\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nTotal Leverage\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n20.6\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n8.90\n<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nOther Liabilities\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n0.5\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n0.24\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nNet Assets\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n53.9\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n23.33\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

\n2.31 million common shares currently outstanding.\n<\/p>\n

\nTTP has completed approximately $3.2 million of share repurchases under the publicly announced repurchase plan allowing up to $5.0 million through March 31, 2021. Under the program, TTP has repurchased 196,022 shares of its common stock at an average price of $16.211 and an average discount to NAV of 21.5%.\n<\/p>\n

Tortoise Energy Independence Fund, Inc.<\/b>(NYSE: NDP)<\/b> today announced that as of February 28, 2021, the company\u2019s unaudited total assets were approximately $42.8 million and its unaudited net asset value was $38.2 million, or $20.67 per share.\n<\/p>\n

\nAs of February 28, 2021, the company\u2019s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 967 percent. For more information on the company\u2019s coverage ratios, please refer to the leverage summary web page at https:\/\/cef.tortoiseecofin.com<\/a>.\n<\/p>\n

\nSet forth below is a summary of the company\u2019s unaudited balance sheet at February 28, 2021.\n<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

Unaudited balance sheet<\/b><\/p>\n<\/td>\n

\n\n\n<\/tr>\n
\n\n\n\n\u00a0<\/td>\n<\/tr>\n
\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n(in Millions)\n<\/p>\n<\/td>\n

\n\n

\nPer Share\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nInvestments\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n42.4\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n22.96\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nCash and Cash Equivalents\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n0.3\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n0.14\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nOther Assets\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n0.1\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n0.08\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nTotal Assets\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n42.8\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n23.18\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\u00a0<\/td>\n<\/tr>\n
\n

\nCredit Facility Borrowings\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n4.4\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n2.38\n<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\n\u00a0<\/td>\n<\/tr>\n
\n

\nOther Liabilities\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n0.2\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n0.13\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nNet Assets\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n38.2\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n20.67\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

\n1.85 million common shares currently outstanding.\n<\/p>\n

Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ)<\/b> today announced that as of February 28, 2021, the company\u2019s unaudited total assets were approximately $121.5 million and its unaudited net asset value was $97.0 million, or $14.44 per share.\n<\/p>\n

\nAs of February 28, 2021, the company\u2019s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 504 percent. For more information on the company\u2019s coverage ratios, please refer to the leverage summary web page at https:\/\/cef.tortoiseecofin.com<\/a>.\n<\/p>\n

\nSet forth below is a summary of the company\u2019s unaudited balance sheet at February 28, 2021.\n<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

Unaudited balance sheet<\/b><\/p>\n<\/td>\n

\n\n\n<\/tr>\n
\n\n\n\n\u00a0<\/td>\n<\/tr>\n
\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n(in Millions)\n<\/p>\n<\/td>\n

\n\n

\nPer Share\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nInvestments\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n120.3\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n17.92\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nCash and Cash Equivalents\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n0.2\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n0.02\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nOther Assets\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n1.0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n0.15\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nTotal Assets\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n121.5\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n18.09\n<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nCredit Facility Borrowings\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n24.0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n3.57\n<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nOther Liabilities\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n0.5\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n0.08\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nNet Assets\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n97.0\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n14.44\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

\n6.72 million common shares currently outstanding.\n<\/p>\n

\nTPZ has completed approximately $2.6 million of share repurchases under the publicly announced repurchase plan allowing up to $5.0 million through August 31, 2021. Under the program, TPZ has repurchased 235,846 shares of its common stock at an average price of $10.813 and an average discount to NAV of 20.4%.\n<\/p>\n

Tortoise Essential Assets Income Term Fund (NYSE: TEAF)<\/b> today announced that as of February 28, 2021, the company\u2019s unaudited total assets were approximately $262.8 million and its unaudited net asset value was $218.6 million, or $16.20 per share.\n<\/p>\n

\nAs of February 28, 2021, the company\u2019s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 611 percent. For more information on the company\u2019s coverage ratios, please refer to the leverage summary web page at https:\/\/cef.tortoiseecofin.com<\/a>.\n<\/p>\n

\nSet forth below is a summary of the company\u2019s unaudited balance sheet at February 28, 2021.\n<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

Unaudited balance sheet<\/b><\/p>\n<\/td>\n

\n\n\n<\/tr>\n
\n\n\n\n\u00a0<\/td>\n<\/tr>\n
\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n(in Millions)\n<\/p>\n<\/td>\n

\n\n

\nPer Share\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nInvestments\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n250.4\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n18.56\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nCash and Cash Equivalents\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n0.3\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n0.02\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nReceivable for Investments Sold\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n9.0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n0.67\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nOther Assets\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n3.1\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n0.23\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nTotal Assets\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n262.8\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n19.48\n<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nCredit Facility Borrowings\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n42.8\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n3.17\n<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nOther Liabilities\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n1.4\n<\/p>\n<\/td>\n

\n\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

\n0.11\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nNet Assets\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n218.6\n<\/p>\n<\/td>\n

\n\n

\n$\n<\/p>\n<\/td>\n

\n

\n16.20\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

\n13.49 million common shares outstanding.\n<\/p>\n

\nThe top 10 holdings for TYG, NTG, TTP, NDP, TPZ and TEAF as of the most recent month-end can be found on each fund\u2019s portfolio web page at https:\/\/cef.tortoiseecofin.com<\/a>.\n<\/p>\n

About Tortoise<\/b><\/p>\n

\nTortoise focuses on energy & power infrastructure and the transition to cleaner energy. Tortoise\u2019s solid track record of energy value chain investment experience and research dates back more than 20 years. As one of the earliest investors 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. For additional information, please visit www.TortoiseEcofin.com<\/a>.\n<\/p>\n

\nTortoise 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., Tortoise Power and Energy Infrastructure Fund, Inc. and Tortoise Essential Assets Income Term Fund. Ecofin Advisors Limited is a sub-adviser to Tortoise Essential Assets Income Term Fund.\n<\/p>\n

\nFor additional information on these funds, please visit cef.tortoiseecofin.com<\/a>.\n<\/p>\n

Safe harbor statement <\/b><\/p>\n

\nThis 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.\n<\/p>\n

Cautionary Statement Regarding Forward-Looking Statements<\/b><\/p>\n

\nThis press release contains certain statements that may include \u201cforward-looking statements\u201d 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\u2019s 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.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210301006074\/en\/<\/a><\/span><\/p>\n

\nMaggie Zastrow
\n
(913) 981-1020
\n
info@tortoiseecofin.com<\/a><\/p>\n

KEYWORDS:<\/b> Kansas United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Energy Professional Services Oil\/Gas Finance<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of February 28, 2021 for TYG, NTG, TTP, NDP, TPZ and TEAF LEAWOOD, KS–(BUSINESS WIRE)– Tortoise today announced the following unaudited balance sheet information and asset coverage ratio updates for TYG, NTG, TTP, NDP, TPZ and TEAF. Tortoise Energy Infrastructure Corp. (NYSE: TYG) today announced that as of February 28, 2021, the company\u2019s unaudited total assets were approximately $517.7 million and its unaudited net asset value was $357.8 million, or $29.99 per share. As of February 28, 2021, the company\u2019s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 419 percent, and its coverage ratio for preferred shares was 332 percent. For … <\/p>\n

Continue reading “Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of February 28, 2021 for TYG, NTG, TTP, NDP, TPZ and TEAF”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-447794","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nTortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of February 28, 2021 for TYG, NTG, TTP, NDP, TPZ and TEAF - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/tortoise-provides-unaudited-balance-sheet-information-and-asset-coverage-ratio-updates-as-of-february-28-2021-for-tyg-ntg-ttp-ndp-tpz-and-teaf\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of February 28, 2021 for TYG, NTG, TTP, NDP, TPZ and TEAF - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of February 28, 2021 for TYG, NTG, TTP, NDP, TPZ and TEAF LEAWOOD, KS–(BUSINESS WIRE)– Tortoise today announced the following unaudited balance sheet information and asset coverage ratio updates for TYG, NTG, TTP, NDP, TPZ and TEAF. Tortoise Energy Infrastructure Corp. (NYSE: TYG) today announced that as of February 28, 2021, the company\u2019s unaudited total assets were approximately $517.7 million and its unaudited net asset value was $357.8 million, or $29.99 per share. As of February 28, 2021, the company\u2019s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 419 percent, and its coverage ratio for preferred shares was 332 percent. For … Continue reading "Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of February 28, 2021 for TYG, NTG, TTP, NDP, TPZ and TEAF"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/tortoise-provides-unaudited-balance-sheet-information-and-asset-coverage-ratio-updates-as-of-february-28-2021-for-tyg-ntg-ttp-ndp-tpz-and-teaf\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-02T03:03:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210301006074r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tortoise-provides-unaudited-balance-sheet-information-and-asset-coverage-ratio-updates-as-of-february-28-2021-for-tyg-ntg-ttp-ndp-tpz-and-teaf\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tortoise-provides-unaudited-balance-sheet-information-and-asset-coverage-ratio-updates-as-of-february-28-2021-for-tyg-ntg-ttp-ndp-tpz-and-teaf\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of February 28, 2021 for TYG, NTG, TTP, NDP, TPZ and TEAF\",\"datePublished\":\"2021-03-02T03:03:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tortoise-provides-unaudited-balance-sheet-information-and-asset-coverage-ratio-updates-as-of-february-28-2021-for-tyg-ntg-ttp-ndp-tpz-and-teaf\\\/\"},\"wordCount\":1383,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tortoise-provides-unaudited-balance-sheet-information-and-asset-coverage-ratio-updates-as-of-february-28-2021-for-tyg-ntg-ttp-ndp-tpz-and-teaf\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20210301006074r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tortoise-provides-unaudited-balance-sheet-information-and-asset-coverage-ratio-updates-as-of-february-28-2021-for-tyg-ntg-ttp-ndp-tpz-and-teaf\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tortoise-provides-unaudited-balance-sheet-information-and-asset-coverage-ratio-updates-as-of-february-28-2021-for-tyg-ntg-ttp-ndp-tpz-and-teaf\\\/\",\"name\":\"Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of February 28, 2021 for TYG, NTG, TTP, NDP, TPZ and TEAF - Market Newsdesk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tortoise-provides-unaudited-balance-sheet-information-and-asset-coverage-ratio-updates-as-of-february-28-2021-for-tyg-ntg-ttp-ndp-tpz-and-teaf\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tortoise-provides-unaudited-balance-sheet-information-and-asset-coverage-ratio-updates-as-of-february-28-2021-for-tyg-ntg-ttp-ndp-tpz-and-teaf\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20210301006074r1&sid=flmnd&distro=nx&lang=en\",\"datePublished\":\"2021-03-02T03:03:29+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tortoise-provides-unaudited-balance-sheet-information-and-asset-coverage-ratio-updates-as-of-february-28-2021-for-tyg-ntg-ttp-ndp-tpz-and-teaf\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tortoise-provides-unaudited-balance-sheet-information-and-asset-coverage-ratio-updates-as-of-february-28-2021-for-tyg-ntg-ttp-ndp-tpz-and-teaf\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tortoise-provides-unaudited-balance-sheet-information-and-asset-coverage-ratio-updates-as-of-february-28-2021-for-tyg-ntg-ttp-ndp-tpz-and-teaf\\\/#primaryimage\",\"url\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20210301006074r1&sid=flmnd&distro=nx&lang=en\",\"contentUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20210301006074r1&sid=flmnd&distro=nx&lang=en\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/tortoise-provides-unaudited-balance-sheet-information-and-asset-coverage-ratio-updates-as-of-february-28-2021-for-tyg-ntg-ttp-ndp-tpz-and-teaf\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of February 28, 2021 for TYG, NTG, TTP, NDP, TPZ and TEAF\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\",\"name\":\"Market Newsdesk\",\"description\":\"Latest Business News in Real Time\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\",\"name\":\"Newsdesk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"caption\":\"Newsdesk\"},\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/author\\\/newsdesk\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of February 28, 2021 for TYG, NTG, TTP, NDP, TPZ and TEAF - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/tortoise-provides-unaudited-balance-sheet-information-and-asset-coverage-ratio-updates-as-of-february-28-2021-for-tyg-ntg-ttp-ndp-tpz-and-teaf\/","og_locale":"en_US","og_type":"article","og_title":"Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of February 28, 2021 for TYG, NTG, TTP, NDP, TPZ and TEAF - Market Newsdesk","og_description":"Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of February 28, 2021 for TYG, NTG, TTP, NDP, TPZ and TEAF LEAWOOD, KS–(BUSINESS WIRE)– Tortoise today announced the following unaudited balance sheet information and asset coverage ratio updates for TYG, NTG, TTP, NDP, TPZ and TEAF. Tortoise Energy Infrastructure Corp. (NYSE: TYG) today announced that as of February 28, 2021, the company\u2019s unaudited total assets were approximately $517.7 million and its unaudited net asset value was $357.8 million, or $29.99 per share. As of February 28, 2021, the company\u2019s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 419 percent, and its coverage ratio for preferred shares was 332 percent. For … Continue reading \"Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of February 28, 2021 for TYG, NTG, TTP, NDP, TPZ and TEAF\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/tortoise-provides-unaudited-balance-sheet-information-and-asset-coverage-ratio-updates-as-of-february-28-2021-for-tyg-ntg-ttp-ndp-tpz-and-teaf\/","og_site_name":"Market Newsdesk","article_published_time":"2021-03-02T03:03:29+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210301006074r1&sid=flmnd&distro=nx&lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/tortoise-provides-unaudited-balance-sheet-information-and-asset-coverage-ratio-updates-as-of-february-28-2021-for-tyg-ntg-ttp-ndp-tpz-and-teaf\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/tortoise-provides-unaudited-balance-sheet-information-and-asset-coverage-ratio-updates-as-of-february-28-2021-for-tyg-ntg-ttp-ndp-tpz-and-teaf\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of February 28, 2021 for TYG, NTG, TTP, NDP, TPZ and TEAF","datePublished":"2021-03-02T03:03:29+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/tortoise-provides-unaudited-balance-sheet-information-and-asset-coverage-ratio-updates-as-of-february-28-2021-for-tyg-ntg-ttp-ndp-tpz-and-teaf\/"},"wordCount":1383,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/tortoise-provides-unaudited-balance-sheet-information-and-asset-coverage-ratio-updates-as-of-february-28-2021-for-tyg-ntg-ttp-ndp-tpz-and-teaf\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210301006074r1&sid=flmnd&distro=nx&lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/tortoise-provides-unaudited-balance-sheet-information-and-asset-coverage-ratio-updates-as-of-february-28-2021-for-tyg-ntg-ttp-ndp-tpz-and-teaf\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/tortoise-provides-unaudited-balance-sheet-information-and-asset-coverage-ratio-updates-as-of-february-28-2021-for-tyg-ntg-ttp-ndp-tpz-and-teaf\/","name":"Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of February 28, 2021 for TYG, NTG, TTP, NDP, TPZ and TEAF - Market Newsdesk","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/tortoise-provides-unaudited-balance-sheet-information-and-asset-coverage-ratio-updates-as-of-february-28-2021-for-tyg-ntg-ttp-ndp-tpz-and-teaf\/#primaryimage"},"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/tortoise-provides-unaudited-balance-sheet-information-and-asset-coverage-ratio-updates-as-of-february-28-2021-for-tyg-ntg-ttp-ndp-tpz-and-teaf\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210301006074r1&sid=flmnd&distro=nx&lang=en","datePublished":"2021-03-02T03:03:29+00:00","author":{"@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"breadcrumb":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/tortoise-provides-unaudited-balance-sheet-information-and-asset-coverage-ratio-updates-as-of-february-28-2021-for-tyg-ntg-ttp-ndp-tpz-and-teaf\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.marketnewsdesk.com\/index.php\/tortoise-provides-unaudited-balance-sheet-information-and-asset-coverage-ratio-updates-as-of-february-28-2021-for-tyg-ntg-ttp-ndp-tpz-and-teaf\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/tortoise-provides-unaudited-balance-sheet-information-and-asset-coverage-ratio-updates-as-of-february-28-2021-for-tyg-ntg-ttp-ndp-tpz-and-teaf\/#primaryimage","url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210301006074r1&sid=flmnd&distro=nx&lang=en","contentUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210301006074r1&sid=flmnd&distro=nx&lang=en"},{"@type":"BreadcrumbList","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/tortoise-provides-unaudited-balance-sheet-information-and-asset-coverage-ratio-updates-as-of-february-28-2021-for-tyg-ntg-ttp-ndp-tpz-and-teaf\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.marketnewsdesk.com\/"},{"@type":"ListItem","position":2,"name":"Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of February 28, 2021 for TYG, NTG, TTP, NDP, TPZ and TEAF"}]},{"@type":"WebSite","@id":"https:\/\/www.marketnewsdesk.com\/#website","url":"https:\/\/www.marketnewsdesk.com\/","name":"Market Newsdesk","description":"Latest Business News in Real Time","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.marketnewsdesk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979","name":"Newsdesk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","caption":"Newsdesk"},"url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/"}]}},"_links":{"self":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/447794","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/comments?post=447794"}],"version-history":[{"count":0,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/447794\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/media?parent=447794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/categories?post=447794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/tags?post=447794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}