Tortoise Closed-End Funds

Tortoise
MLP Fund, Inc. (NYSE: NTG)



NTG Distribution History
See complete history
Declared Ex-date Record
date
Payment
date
Amount Market
price
NAV DRIP1
05/08/2017 05/22/2017 05/24/2017 05/31/2017 0.4225 18.99 18.81 18.81
02/10/2017 02/16/2017 02/21/2017 02/28/2017 0.4225 20.49 20.84 19.92
Fiscal Year 2017 Total: $0.8450  
11/07/2016 11/21/2016 11/23/2016 11/30/2016 0.4225 18.90 19.22 18.96
08/08/2016 08/22/2016 08/24/2016 08/31/2016 0.4225 13.99 19.91 19.91
05/10/2016 05/20/2016 05/24/2016 05/31/2016 0.4225 17.82 19.02 18.53
02/09/2016 02/18/2016 02/22/2016 02/29/2016 0.4225 15.64 16.11 16.42
Fiscal Year 2016 Total: $1.6900  
11/09/2015 11/19/2015 11/23/2015 11/30/2015 0.4225 16.18 18.65 14.71
08/12/2015 08/20/2015 08/24/2015 08/31/2015 0.4225 19.85 22.50 19.92
05/11/2015 05/20/2015 05/22/2015 05/29/2015 0.4225 24.26 27.00 23.40
02/09/2015 02/18/2015 02/20/2015 02/27/2015 0.4225 26.16 27.88 24.96
Fiscal Year 2015 Total: $1.6900  
11/10/2014 11/19/2014 11/21/2014 11/28/2014 0.42125 $27.97 $29.83 $26.71
08/08/2014 08/20/2014 08/22/2014 08/29/2014 0.42125 29.69 $32.73 $29.33
05/12/2014 05/20/2014 05/22/2014 05/30/2014 0.42125 28.43 30.11 29.09
02/10/2014 02/19/2014 02/21/2014 02/28/2014 0.42125 27.63 27.84 27.14
Fiscal Year 2014 Total: $1.68500  
11/11/2013 11/20/2013 11/22/2013 11/29/2013 0.4200 27.22 28.00 25.96
08/08/2013 08/21/2013 08/23/2013 09/03/2013 0.41875 28.97 27.44 27.52
05/06/2013 05/21/2013 05/23/2013 06/03/2013 0.41750 28.32 27.11 27.11
02/11/2013 02/19/2013 02/21/2013 03/01/2013 0.41625 27.69 26.37 26.37
Fiscal Year 2013 Total: $1.67250  
11/12/2012 11/20/2012 11/23/2012 11/30/2012 0.415 24.91 24.5 24.5
08/06/2012 08/22/2012 08/24/2012 09/04/2012 0.415 26.14 24.68 24.83
05/07/2012 05/21/2012 05/23/2012 06/01/2012 0.4125 24.5 23.11 23.58
02/06/2012 02/17/2012 02/22/2012 03/01/2012 0.4125 26.95 26.44 26.44
Fiscal Year 2012 Total: $1.6550  
11/07/2011 11/18/2011 11/22/2011 11/30/2011 0.4125 24.84 24.54 24.54
08/08/2011 08/22/2011 08/24/2011 09/01/2011 0.41 24.69 24.03 24.03
05/09/2011 05/20/2011 05/24/2011 06/01/2011 0.4075 25.4 25.13 25.13
02/08/2011 02/16/2011 02/18/2011 03/01/2011 0.4075 25.17 26.62 25.34
Fiscal Year 2011 Total: $1.6375  
11/08/2010 11/18/2010 11/22/2010 11/30/2010 0.36 24.14 24.91 24.42
Fiscal Year 2010 Total: $0.36  

 

1Price of shares issued pursuant to company-sponsored dividend reimbursement plan. Amounts are rounded to the nearest whole cent.

Determining distributions to stockholders

Our portfolio generates cash flow from which we pay distributions to stockholders. Our Board of Directors has adopted a policy of declaring what it believes to be sustainable distributions. In determining distributions, our Board of Directors considers a number of current and anticipated factors, including, among others, distributable cash flow (DCF), realized and unrealized gains, leverage amounts and rates, current and deferred taxes payable, and potential volatility in returns from our investments and the overall market. While the Board of Directors considers many factors in determining distributions to stockholders, particular emphasis is given to DCF and distribution coverage. Distribution coverage is DCF divided by distributions paid to stockholders. Over the long term, we expect to distribute substantially all of our DCF to holders of common stock. Our Board of Directors reviews the distribution rate quarterly, and may adjust the quarterly distribution throughout the year.

DCF is income received from investments, less expenses. The income from investments includes the amount received by us as cash or paid-in-kind distributions from MLPs, affiliates of MLPs and common stock, and dividend payments on short-term investments. The total expenses include current or anticipated operating expenses, leverage costs and current income taxes. Current income taxes include taxes paid on net investment income of the Company, in addition to foreign taxes, if any. Taxes incurred from realized gains on the sale of investments, expected tax benefits and deferred taxes are not included in DCF.

2016 distributions to common stockholders were 100% return of capital. Tax characterization of 2017 distributions will be determined after the completion of NTG’s fiscal year. For more details, see NTG’s complete distribution and tax information here.