(Source: Business Wire)
Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ) today
announced that as of Sept. 30, 2009, the company's unaudited total
assets were approximately $155.2 million and its unaudited net asset
value was $134.1 million, or $19.51 per share.
Set forth below is a summary of the company's unaudited balance sheet at
Sept. 30, 2009, and a summary of its top 10 holdings.
Unaudited Balance Sheet
(in Millions) Per Share
Investments $ 153.4 $ 22.32
Cash and Cash Equivalents 0.2 0.03
Other Assets 1.6 0.23
Total Assets 155.2 22.58
Short-Term Borrowings 20.4 2.97
Payable for Investments Purchased 0.4 0.06
Other Liabilities 0.3 0.04
Net Assets $ 134.1 $ 19.51
6.87 million common shares currently outstanding.
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Top 10 Holdings (as of Sept. 30, 2009)
Name MarketValue(in Millions) % ofInvestmentSecurities(1)
Kinder Morgan Management, LLC $ 13.1 8.5 %
Enbridge Energy Management, L.L.C. 11.2 7.3 %
Inergy, L.P. 6.0 3.9 %
NiSource Finance Corp., 10.750%, 03/15/2016 5.9 3.8 %
TransCanada Pipelines Limited, 6.350%, 05/15/2067 5.3 3.4 %
Midcontinent Express Pipeline, LLC, 6.700%, 09/15/2019 5.1 3.3 %
NRG Energy, Inc, 8.500%, 06/15/2019 5.0 3.3 %
CenterPoint Energy, Inc., 6.500%, 05/01/2018 5.0 3.3 %
Dominion Resources, Inc.
