This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Tortoise Energy Infrastructure Corp. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of September 30, 2009 2009-10-01 18:47 ET - News Release LEAWOOD, Kan. -- (Business Wire)
Tortoise Energy Infrastructure Corp. (NYSE: TYG) today announced that as
of Sept. 30, 2009, the company’s unaudited total assets were
approximately $934.0 million and its unaudited net asset value was
$570.9 million, or $23.92 per share.
As of Sept. 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 451 percent, and its coverage ratio for preferred
shares was 326 percent. For more information on calculation of coverage
ratios, please refer to our most recent applicable prospectus.
The company issued 133,700 shares of common stock under its
at-the-market equity offering program for gross proceeds of
approximately $3.6 million during the month of Sept. 2009.
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