Leawood, Kan. - Dec. 21, 2013 - Tortoise Capital Advisors mourns the loss of Dr. John R. Graham, a valued and influential founding member of its closed-end fund board of directors, who died on Dec. 20, 2013, after a courageous battle with cancer.
He leaves a lasting legacy of being a diligent board member who cared passionately about the investors he represented. During his decade of service, John played an integral role in creating a high standard of governance as the nominating and governance committee chair for the Tortoise closed-end funds. As importantly, John was a respectful, humble person who enriched the lives of those who knew him. He will be missed. Our condolences go to John's family and our thoughts are with them at this time.
Dr. Graham, in addition to his service with the Tortoise closed-end funds, served as executive-in- residence and professor of finance in the College of Business at Kansas State University. His academic careeer included over 30 professional papers and publications.
In addition to his leadership in the classroom teaching academic theory, Dr. Graham also applied his passion for finance through leadership in the field, with more that 40 years of financial and investment management experience, including 21 years as a chief executive officer of Kansas Farm Bureau Financial Services and seven affiliated companies including the Farm Bureau Insurance Companies and FB Capital Management, a registered investment advisor. He was chairman and chief executive officer of Graham Capital Management, Inc. (GCM), a financial services company which arranges financing, makes and manages public equity, private equity and real estate investments.
About Tortoise Capital Advisors, L.L.C.
Tortoise Capital Advisors, L.L.C. is an investment manager specializing in listed energy investments. As of Nov. 30, 2013, the adviser had approximately $13.7 billion of assets under management in NYSE-listed-closed-end investment companies, open end funds, and other accounts. Tortoise serves as the investment adviser for seven closed-end funds: Tortoise Energy Infrastructure Corp. (TYG), Tortoise Energy Capital Corp. (TYY), Tortoise North American Energy Corp. (TYN), Tortoise MLP Fund (NTG), Tortoise Pipeline & Energy Fund (TTP), Tortoise Energy Independence Fund (NDP), and Tortoise Power & Energy Infrastructure Fund (TPZ).
Tortoise's closed-end fund board of directors include independent members Conrad Ciccotello and Charles Heath, incoming independent member Rand Berney, as well as board members H. Kevin Birzer, chairman of Tortoise's closed-end funds and senior managing director of Tortoise, and Terry Matlack, chief executive officer of Tortoise's closed-end funds and managing director of Tortoise. For more information, visit www.tortoiseadvisors.com
Tortoise Capital Advisors, L.L.C.
Pam Kearney, Investor Relations, (866) 362-9331, firstname.lastname@example.org