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Stock impact report

Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of May 31, 2019 for TYG, NTG, TTP, NDP, TPZ and TEAF

Tortoise Energy Infrastructure Corporation (TYG) 
Company Research Source: Business Wire
LEAWOOD, Kan.--(BUSINESS WIRE)-- Tortoise today announced the following unaudited balance sheet information and asset coverage ratio updates for TYG, NTG, TTP, NDP, TPZ and TEAF. Tortoise Energy Infrastructure Corp. (NYSE: TYG) today announced that as of May 31, 2019, the company’s unaudited total assets were approximately $2.1 billion and its unaudited net asset value was $1.2 billion, or $22.76 per share. As of May 31, 2019, 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 367 percent, and its coverage ratio for preferred shares was 279 percent. For more information on calculation of coverage ratios, please refer to the company’s most recent applicable prospectus. Se Show less Read more
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