Tortoise Pipeline & Energy Fund ratio update
Published by Stephanie Roker,
Editor
World Pipelines,
Tortoise Pipeline & Energy Fund, Inc. has announced that as of 31 July 2015, the company’s unaudited total assets were approximately US$374.9 million and its unaudited net asset value was US$283.6 million, or US$28.31 per share.
As of 31 July 2015, the company was in compliance with its asset coverage ratios under the Investment Company Act of 1940 (the 1940 Act) and basic maintenance covenants. The company’s asset coverage ratio under the 1940 Act – with respect to senior securities representing indebtedness – was 503%, and its coverage ratio for preferred shares was 414%.
For more information and to review the company’s unaudited balance sheet, click here.
Edited from various sources by Stephanie Roker
Read the article online at: https://www.worldpipelines.com/business-news/05082015/tortoise-pipeline-energy-fund-ratio-update/
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