(Source: Business Wire)Tortoise Energy Capital Corp. (NYSE: TYY) today announced that as of June 30, 2009, the company's unaudited total assets were approximately $485.2 million and its unaudited net asset value was $298.4 million, or $17.02 per share. The unaudited balance sheet reflects a deferred tax asset of $4.3 million or $0.25 per share. The deferred tax asset recognizes the net benefit the company believes should be reflected under generally accepted accounting principles.

As of June 30, 2009, 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 537 percent, and its coverage ratio for preferred shares was 261 percent. (For more information on calculation of coverage ratios, please refer to our most recent applicable prospectus.)

Set forth below is a summary of the company's unaudited balance sheet at June 30, 2009, and a summary of its top 10 holdings.

                                                                          Unaudited Balance Sheet                                                                                                                                                              (in Millions)     $ Per Share      Investments                          $465.8            $26.57           Cash and Cash Equivalents            14.0              0.80             Receivable for Investments Sold      0.3               0.02             Deferred Tax Asset                   4.3               0.25             Other Assets                         0.8               0.04             Total Assets                         485.2             27.68                                                                                    Senior Notes                         90.0              5.13             Preferred Stock                      95.0              5.42             Total Leverage                       185.0             10.55                                                                                    Payable for Investments Purchased    0.4               0.02             Other Liabilities                    1.4               0.09             Net Assets                           $298.4            $17.02                                                                                   17.53 million common shares currently outstanding.