Tortoise Energy Capital Corp. Announces Tax Characterization of 2010 Distributions
13 Januar 2011 - 12:13AM
Business Wire
Tortoise Energy Capital Corp. (NYSE: TYY) today announced the
tax characterization of the 2010 distributions paid to stockholders
which were comprised of approximately 38.6 percent return of
capital and 61.4 percent qualified dividend income.
Additional information regarding the tax characterization of the
2010 distributions is available at 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.
About Tortoise Energy Capital Corp.
Tortoise Energy Capital Corp. provides financing for master
limited partnerships (MLPs) in the energy infrastructure sector,
focusing on crude oil and refined petroleum products MLPs and
natural gas and natural gas liquids pipelines MLPs. Tortoise Energy
Capital Corp. seeks to provide its stockholders a high level of
total return with an emphasis on current distributions.
About Tortoise Capital Advisors, LLC
Tortoise is an investment manager specializing in listed energy
infrastructure investments, such as pipeline and power companies.
As of Dec. 31, 2010, the adviser had approximately $6.1 billion of
assets under management in six NYSE-listed investment companies and
private accounts. For more information, visit our website at
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 these
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.
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