Tortoise Closed-End Funds

Tortoise
North American Energy Corp. (NYSE: TYN)


TYN invests primarily in equity securities of companies in the energy sector with their primary operations in North America, including oil and gas exploitation, energy infrastructure and energy shipping companies.

TYN is designed to provide:

  • Exposure to midstream and upstream 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 3/31/2014 (unless noted)
Total Assets $295.7 million   Leverage (as percent of total assets) 17.6%
Market Price1 $29.23   Shares Outstanding 6.32 million
NAV2 $30.75   Management Fee3 1.00%
IPO Date 10/26/2005   Fiscal Year End November 30
IPO Price $25.00   CUSIP 89147T103
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 4/11/2014.

  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) ("Managed Assets").

TYN Details

As of 4/16/2014 (unless noted)

  • Market Price1
  • $29.23
  • NAV2
  • $30.75
  • Premium/Discount
  • -5.0%
  • Distribution Rate3
  • 5.4%
  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 4/11/2014.
  3. Annualized based on latest distribution received divided by current stock price. A portion of this distribution may be treated as return of capital for income tax purposes, although the ultimate characterization will not be made until after year-end.