TORTOISE ENERGY CAP CORP
			Symbol			TYY

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Tortoise Capital Advisors, LLC Completes Sale of Controlling Interest to Mariner Holdings and Tortoise Managers

2009-09-15 18:00 ET - News Release

Also News Release (U-TPZ) TOPAZ GROUP INC
Also News Release (U-TTO) TORTOISE CAP RES CORP
Also News Release (U-TYG) TORTOISE ENERGY INFRSTRCTR C
Also News Release (U-TYN) TORTOISE NORTH AMRN ENRGY CO

Strategic Partnership to Build Value for Asset Management Clients with Innovative Products and Thought Leadership

Company Website: http://www.tortoiseadvisors.com
LEAWOOD, Kan. -- (Business Wire)

Tortoise Capital Advisors, LLC (Tortoise) announced today that the sale of all of its ownership interests to a holding company formed by its five founding Managing Directors and Mariner Holdings, LLC (Mariner) has closed. Tortoise serves as the adviser of Tortoise Energy Infrastructure Corp., Tortoise Energy Capital Corp., Tortoise North American Energy Corp., Tortoise Capital Resources Corp. and Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TYG) (NYSE: TYY) (NYSE: TYN) (NYSE: TTO) (NYSE: TPZ), as well as a private fund and certain private accounts. Mariner will own a majority stake in Tortoise. Tortoise Managing Directors Kevin Birzer, Zachary Hamel, Ken Malvey, Terry Matlack and David Schulte will own in the aggregate approximately 35 percent of Tortoise and each has signed an employment commitment. Management of Tortoise, its Investment Committee and its funds will remain unchanged by the close of the transaction. Tortoise has also initiated an equity ownership plan in which initially four additional senior Tortoise employees will purchase equity.

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