Tortoise Energy Capital Corp. (NYSE: TYY) on Feb. 1 announced that as of Jan. 31, 2011, the company's unaudited total assets were approximately $800.5 million and its unaudited net asset value was $510.4 million, or $26.38 per share.
As of Jan. 31, 2011, the company was in compliance with its asset coverage ratios under the Investment Company Act of 1940 and basic maintenance covenants. The company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 569 percent, and its coverage ratio for preferred shares was 412 percent.
The company did not issue any shares of common stock under its at-the-market equity offering program during the month of January 2011.
The top 10 holdings of Tortoise in January were Enbridge Energy Partners, L.P., 8.5%; Energy Transfer Partners, L.P., 7.8%: Kinder Morgan Management, LLC, 7.2%; Sunoco Logistics Partners L.P., 7.0%; Enterprise Products Partners L.P., 6.8%; TC PipeLines, LP, 5.1%; NuStar Energy L.P., 4.9%; Plains All American Pipeline, L.P., 4.8%; Targa Resources Partners LP, 4.1%; and Magellan Midstream Partners, L.P., 4.1%. (Source: Business Wire, Feb. 1, 2011)