The Board of Directors of Tortoise Energy Infrastructure Corp. (NYSE:
TYG) today declared the company’s second quarter 2009 distribution of
$0.54 per share, which is unchanged from its prior quarter. The
distribution will be paid on June 1, 2009 to stockholders of record on
May 22, 2009.
“We continue to believe our quarterly distributions to our stockholders
will be at least $0.54 during fiscal year 2009,” said Tortoise Energy
Infrastructure Corp.’s President and Chief Executive Officer, David
Schulte.
Expected Treatment of Distribution
A portion of this distribution is expected to be treated as return of
capital for income tax purposes, although the ultimate determination
will not be made until determination of our earnings and profits after
our year-end. Based on current financial information, this distribution
is estimated to consist of 100 percent return of capital for book
purposes.
About Tortoise Energy Infrastructure Corp.
Tortoise Energy Infrastructure Corp. owns a portfolio of master limited
partnership investments in the energy infrastructure sector. Tortoise
Energy Infrastructure Corp.’s goal is to provide its stockholders a high
level of total return with an emphasis on current distributions. The
company invests in companies operating energy infrastructure assets that
are critical to the U.S. economy.
About Tortoise Capital Advisors
Tortoise Capital Advisors, LLC is a pioneer in capital markets for
master limited partnership (MLP) investment companies and a leader in
closed-end funds and separately managed accounts focused on MLPs in the
energy sector. As of April 30, 2009, the adviser had approximately $1.9
billion of assets under management. For more information, visit our Web
site 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.
Forward-Looking Statement
This press release contains certain statements that may include
“forward-looking statements” within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of
1934. All statements, other than statements of historical fact, included
herein are "forward-looking statements." Although the company and
Tortoise Capital Advisors believe that the expectations reflected in
these forward-looking statements are reasonable, they do involve
assumptions, risks and uncertainties, and these expectations may prove
to be incorrect. Actual results could differ materially from those
anticipated in these forward-looking statements as a result of a variety
of factors, including those discussed in the funds’ reports that are
filed with the Securities and Exchange Commission. You should not place
undue reliance on these forward-looking statements, which speak only as
of the date of this press release. Other than as required by law, the
company and Tortoise Capital Advisors do not assume a duty to update
this forward-looking statement. Any distribution paid in the future to
our stockholders will depend on the actual performance of the company’s
investments, its costs of leverage and other operating expenses and will
be subject to the approval of the company’s Board and compliance with
asset coverage requirements of the Investment Company Act of 1940 and
the leverage covenants.
Tortoise Capital Advisors, LLC
Pam Kearney, 866-362-9331
Investor
Relations
pkearney@tortoiseadvisors.com
