Tortoise Capital Advisors, LLC Announces Release of Third Quarter 2007 Reports for Tortoise Energy Infrastructure Corp., Tortois
October 30 2007 - 4:58PM
PR Newswire (US)
OVERLAND PARK, Kan., Oct. 30 /PRNewswire-FirstCall/ -- Tortoise
Capital Advisors, LLC, the adviser of Tortoise Energy
Infrastructure Corp., Tortoise Energy Capital Corp. and Tortoise
North American Energy Corp.
(NYSE:TYGNYSE:TYYNYSE:andNYSE:TYNNYSE:respectively), announced
today the release of third quarter 2007 stockholders' reports for
each of these companies. The reports are available on the
companies' Web site at http://www.tortoiseadvisors.com/. Auction
Rate Information Update On Oct. 26, 2007, Tortoise Energy
Infrastructure redeemed its Series E Auction Rate Notes totaling
$70 million funded with proceeds from its bank revolver and normal
portfolio turnover. The Adviser also updated its auction rate
information through Oct. 30, 2007, on its Web site. That
information is also set forth below. Until further notice, the
Adviser will continue to update this information on its Web site on
the 1st and 15th of each month. TYG Latest Latest Auction Auction
Rate Notes Cusip # Amount Date Rate Period A 89147LAA8 60,000,000
9/4/07 6.75% Extended to 09/2012 B 89147LAB6 50,000,000 9/11/07
7.00% Extended to 09/2008 C 89147LAC4 55,000,000 10/29/07 5.70% 7
Day D 89147LAD2 70,000,000 10/5/07 6.15% 28 Day E 89147LAE0 --
Redeemed on 10/26/07 235,000,000 Preferred I 89147L209 35,000,000
9/12/07 6.25% Extended to 09/2010 II 89147L308 35,000,000 9/6/07
6.25% Extended to 09/2010 III 89147L407 60,000,000 10/17/07 6.10%
28 Day IV 89147L506 55,000,000 10/16/07 6.10% 28 Day 185,000,000
Total 420,000,000 TYY Latest Latest Auction Auction Rate Notes
Cusip # Amount Date Rate Period A 89147UAA8 60,000,000 10/11/07
5.65% 28 Day B 89147UAB6 60,000,000 10/18/07 5.70% 28 Day C
89147UAC4 70,000,000 10/15/07 5.50% 28 Day 190,000,000 Preferred I
89147U209 70,000,000 10/5/07 6.65% 28 Day II 89147U308 40,000,000
10/24/07 5.97% 28 Day 110,000,000 Total 300,000,000 TYN Latest
Latest Auction Auction Rate Notes Cusip # Amount Date Rate Period A
89147TAB9 40,000,000 10/12/07 6.00% 28 Day Preferred I 89147T202
15,000,000 10/4/07 6.62% 28 Day Total 55,000,000 Closed-end funds,
unlike open-end funds, are not continuously offered. TYG and TYY
however, each have an effective shelf registration statement
pursuant to which it may offer, from time to time, its common
stock, preferred stock or debt securities. After their initial
offering, common shares are sold on the NYSE. You should consider
the investment objective, risks, charges and expenses of the funds
carefully before investing. For this and other important
information, please refer to each fund's most recent prospectus, or
as applicable, its most recent prospectus supplement and its
accompanying prospectus, and read it carefully before investing.
For additional information call Tortoise Capital Advisors, L.L.C.
at (866) 362-9331. 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 Sept. 30, 2007, the adviser had approximately $2.8
billion of assets under management. For more information, visit our
Web site at http://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.
DATASOURCE: Tortoise Capital Advisors, LLC CONTACT: Pam Kearney,
Investor Relations of Tortoise Capital Advisors, LLC,
+1-866-362-9331, Web site: http://www.tortoiseadvisors.com/
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