Tortoise Closed-End Funds

MLP Fund, Inc. (NYSE: NTG)

NTG invests primarily in equity securities of MLPs and their affiliates, with an emphasis on natural gas infrastructure Master Limited Partnerships (MLPs).

NTG is designed to provide:

  • Exposure to natural gas infrastructure MLPs
  • Investment objective seeks high level of total return, emphasizing current distributions
  • One 1099 (no K-1s)
  • No Unrelated Business Taxable Income (UBTI)
  • IRA and tax-exempt suitability
Fund Data (unaudited) As of 10/31/2016
Total Assets $1,499.6 million   Leverage (as percent of total assets) 29.9%
Market Price1 $18.92   Shares Outstanding 47.08 million
NAV2 $18.91   Management Fee3 0.95%
IPO Date 7/27/2010   Fiscal Year End November 30
IPO Price $25.00   CUSIP 89148B101
Distribution Frequency Quarterly      
  1. Reflects real-time price when available. Quotes are delayed at least 15 minutes. All information provided "as is" for informational purposes only, not intended for trading purposes or advice.

  2. As of 12/2/2016.

  3. Annual rate applied to the fund's average monthly total assets (including any assets attributable to leverage but excluding any net deferred tax asset) less the sum of accrued liabilities (other than net deferred tax liability, debt entered into for purposes of leverage and the aggregate liquidation preference of outstanding preferred stock) ("Managed Assets"). Tortoise has contractually agreed to waive all fees due related to the net proceeds received from the issuance of additional common stock under NTG 's at-the-money equity program for a six month period following the date of issuance.

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