Tortoise Energy Capital Announces Updated Net Asset Value.
International Resource News-14 October 2008-Tortoise Energy Capital Announces Updated Net Asset Value(C)2008 ENPublishing - http://www.enpublishing.co.uk
International Resource News - 14 October 2008(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk
Tortoise Energy Capital Corp (NYSE:TYY), a US-based holding company that invests in energy infrastructures, has announced its updated net asset value.
As on October 10, 2008, the company's total assets are around USD472m, and its net asset value per share is USD10.59.
The company chief financial officer, Terry Matlack, said, 'We are taking steps to comply with our asset coverage ratios for the purposes of both the 1940 Act and the terms of our senior notes and preferred shares. We are working diligently to preserve our ability to pay dividends to our common stockholders.'
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