Tortoise Energy Capital Corp. Announces Fourth Quarter Dividend Increase
13 November 2006 - 11:55PM
PR Newswire (US)
OVERLAND PARK, Kan., Nov. 13 /PRNewswire-FirstCall/ -- Tortoise
Energy Capital Corp. (NYSE:TYY), today declared its fourth quarter
2006 dividend of $0.39 per share, compared to $0.38 in the third
quarter. The dividend will be distributed on Nov. 30, 2006 to
stockholders of record on Nov. 24, 2006. This represents a 2.6
percent increase over the dividend for the prior quarter, and 4.0
percent increase over the full investment dividend of $0.375
reached in the second quarter of this year. Based on current
company financial information, this dividend is estimated to
consist of 100 percent return of capital for book purposes. This is
subject to change based upon completion of the company's fiscal
year ending Nov. 30. For tax purposes, the character of the
dividend will be determined at year-end and will be reported to
stockholders at the beginning of 2007 on their Form 1099.
Conference Call to Discuss Market Conditions and Company
Performance Tortoise Capital Advisors' Managing Directors Kevin
Birzer, Zachary Hamel, Kenneth Malvey, Terry Matlack and David
Schulte will host a conference call for the investment community to
discuss recent MLP market conditions and the company's financial
and operating performance on Nov. 14, 2006, at 4:15 p.m. EST. To
access the call, please dial either (800) 218-0204 (U.S./Canada) or
(303) 262-2140 (International) approximately five to 10 minutes
prior to the scheduled starting time. The call will be webcast in a
listen-only format at http://www.tortoiseadvisors.com/ where
supplemental information related to the call will also be
available. A transcript of the call will be posted on the site on
or before Nov. 18, 2006. A replay of the call will also be
available beginning at 6:15 p.m. EST Nov. 14, 2006 and continuing
until Nov. 28, 2006, by dialing (800) 405-2236 (U.S./Canada) or
(303) 590-3000 (International). The replay passcode is 11072726#. A
replay of the webcast will also be available on Tortoise Capital
Advisor's Web site through Nov. 14, 2007. About Tortoise Energy
Capital Corp. Tortoise Energy Capital Corp. provides financing
primarily for master limited partnerships (MLPs) in the energy
infrastructure sector. Tortoise Energy Capital Corp.'s goal is to
provide its stockholders with a high level of total return with an
emphasis on current dividends. About Tortoise Capital Advisors
Tortoise Capital Advisors, LLC, the adviser to Tortoise Energy
Capital Corp., is a pioneer in capital markets for master limited
partnership (MLP) investment companies and a leader in closed-end
funds and separately managed accounts focused on MLPs in the energy
infrastructure sector. As of August 31, 2006, the adviser had
approximately $1.9 billion of energy infrastructure investment
assets under management. For more information, visit our Web site
at http://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 the 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. Contact information:
Tortoise Capital Advisors, LLC Pam Kearney, Investor Relations,
(913) 322-5839, DATASOURCE: Tortoise Energy Capital Corp. CONTACT:
Pam Kearney, Investor Relations, Tortoise Capital Advisors, LLC,
+1-913-322-5839, Web site: http://www.tortoiseadvisors.com/
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