LEAWOOD, Kan.--Feb. 3, 2011--(BUSINESS WIRE)-- Tortoise MLP Fund, Inc. (NYSE: NTG) today announced that members of the Tortoise team will ring the opening bell at the New York Stock Exchange on Tuesday, Feb. 8, 2011, in celebration of NTG's successful initial public offering.
Tortoise MLP Fund, Inc., a closed-end fund focused on natural gas infrastructure MLP investments, became a publicly traded NYSE listed company in July 2010. The fund is managed by Tortoise Capital Advisors, L.L.C. (Tortoise), an investment adviser specializing in managing portfolios of listed energy infrastructure investments.
"We are honored to ring the opening bell at the New York Stock Exchange in commemoration of the successful completion of our $1.1 billion initial public offering," said Tortoise Managing Director,
Terry Matlack. "NTG, with its focus on natural gas infrastructure MLPs, continues Tortoise's history of innovation in the sector."
"NTG's timely investment supports the increasing demand for clean, reliable and domestic natural gas," noted Tortoise Senior Advisor and Petroleum Engineer/Geologist,
Jeffrey Fulmer. "MLP companies own and operate an essential network of pipelines and associated assets tied mostly to fee-based, long-term contracts. NTG is providingneeded capital to help connect consumers with the prolific new sources of natural gas supply being found in our nation's shale basins."
About Tortoise MLP Fund, Inc.
Tortoise MLP Fund, Inc. owns a portfolio of master limited partnership (MLP) investments in the energy infrastructure sector, with an emphasis on natural gas infrastructure MLPs. Tortoise MLP Fund, Inc.'s goal is 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 Dec. 31, 2010, the adviser had approximately $6.1 billion of assets under management in six NYSE-listed investment companies and private accounts. For more information, visit its 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.
Tortoise MLP Fund, Inc.
Pam Kearney, 866-362-9331
Suzanne Dawson, 212-329-1420
Source: Tortoise MLP Fund