Tortoise Energy Capital Corp. Announces Dividend Increase
12 Februar 2007 - 11:54PM
PR Newswire (US)
OVERLAND PARK, Kan., Feb. 12 /PRNewswire-FirstCall/ -- The Board of
Directors of Tortoise Energy Capital Corp. (NYSE:TYY) today
declared the company's first quarter 2007 dividend of $0.40 per
share, compared to $0.39 in the previous quarter. The dividend will
be distributed on March 1, 2007 to stockholders of record on Feb.
22, 2007. This represents a 2.6 percent increase over the
distribution for the prior quarter. For tax purposes, the character
of the dividend will be determined at year-end and will be reported
to stockholders at the beginning of 2008 on their Form 1099. 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-end. 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, LLC Tortoise Capital Advisors, LLC, the adviser
to Tortoise Energy Capital Corp., is a pioneer in the 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 Jan. 31,
2007, the adviser had approximately $2.3 billion of energy
infrastructure investment assets under management. 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, (866) 362-9331, DATASOURCE: Tortoise Energy
Capital Corp. CONTACT: Pam Kearney, Investor Relations of Tortoise
Capital Advisors, LLC, +1-866-362-9331, Web site:
http://www.tortoiseadvisors.com/
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