Tortoise Energy Capital Corp. Reports Fiscal 2006 Results and Characterization of 2006 Dividends
26 Januar 2007 - 9:54PM
PR Newswire (US)
OVERLAND PARK, Kan., Jan. 26 /PRNewswire-FirstCall/ -- Tortoise
Energy Capital Corp. (NYSE:TYY), today announced the release of its
fiscal 2006 results and affirmed that for tax purposes the 2006
dividends paid to stockholders were comprised entirely of return of
capital. Additional information regarding the tax characteristic of
the 2006 dividends is available at http://www.tortoiseadvisors.com/
. A copy of the information is also available upon request by
calling (866) 362-9331. Nothing contained herein or therein should
be construed as tax advice. Consult your tax advisor for more
information. Furthermore, you may not rely upon any information
herein or therein for the purpose of avoiding any penalties that
may be imposed under the Internal Revenue Code. The company also
posted its 2006 annual report at http://www.tortoiseadvisors.com/
and commenced mailing of its annual report and proxy materials to
stockholders. For the year ended Nov. 30, 2006, Tortoise Energy
Capital's total assets were $707 million and its net assets were
$429 million. The company's aggregate distributable cash flow was
$24.4 million, of which 98.7 percent was distributed to
stockholders in the form of dividends. 2007 Annual Stockholders'
Meeting The company will discuss financial results at its annual
stockholders' meeting on April 13, 2007 at 9 a.m. CT at the
University of Kansas Edwards Campus, Regnier Hall 165, 12600
Quivira Road, Overland Park, Kan. For those unable to attend the
meeting, a listen-only conference call will be provided. Please
dial-in approximately five to 10 minutes prior to the scheduled
start time: U.S./Canada: (800) 218-0204 International: (303)
262-2140 The meeting will also be webcast in a listen-only format.
The link to the webcast and supplemental information will be
accessible at http://www.tortoiseadvisors.com/ . A replay of the
meeting will be available beginning at 12 p.m. CT on April 13, 2007
and continuing until 12 p.m. CT April 27, 2007, by dialing (800)
405- 2236 (U.S./Canada). The replay access code is 11082820#. A
replay of the webcast will also be available on the company's Web
site at http://www.tortoiseadvisors.com/ through April 13, 2008.
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 Dec. 31, 2006, the
adviser had approximately $2.2 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.
Investors should consider the investment objective, risks, charges
and expenses of the fund carefully before investing. For this and
other important information, investors should refer to the
closed-end fund prospectus and read it carefully before investing.
Contact information: Tortoise Capital Advisors, LLC Pam Kearney,
Investor Relations, (913) 322-5839, DATASOURCE: Tortoise Energy
Capital Corp. CONTACT: Investor Relations, Pam Kearney of Tortoise
Capital Advisors, LLC, +1-913-322-5839, Web site:
http://www.tortoiseadvisors.com/
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