LEAWOOD, Kan.--(Business Wire)--
The Board of Directors of Tortoise Energy Infrastructure Corp. (NYSE: TYG) today
declared the company`s fourth quarter 2009 distribution of $0.54 per share,
which is unchanged from its prior quarter. The distribution will be paid on Nov.
30, 2009, to stockholders of record on Nov. 23, 2009.
Expected Treatment of Distribution
A portion of this distribution is expected to be treated as return of capital
for income tax purposes, although the ultimate determination will not be made
until determination of our earnings and profits after our year-end. Based on
current financial information, this distribution is estimated to consist of 100
percent return of capital for book purposes.
About Tortoise Energy Infrastructure Corp.
Tortoise Energy Infrastructure Corp. owns a portfolio of master limited
partnership investments in the energy infrastructure sector. Tortoise Energy
Infrastructure Corp.`s goal is to provide its stockholders a high level of total
return with an emphasis on current distributions.
About Tortoise Capital Advisors, LLC
Tortoise is an investment manager specializing in listed energy infrastructure,
such as pipeline and power companies. As of Oct. 31, 2009, Tortoise had
approximately $2.5 billion of assets under management in five NYSE-listed
investment companies and private accounts. For more information, visit our Web
site at 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.
Forward-Looking Statement
This press release contains certain statements that may include "forward-looking
statements" within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. All statements, other than
statements of historical fact, included herein are "forward-looking statements."
Although the company and Tortoise Capital Advisors believe that the expectations
reflected in these forward-looking statements are reasonable, they do involve
assumptions, risks and uncertainties, and these expectations may prove to be
incorrect. Actual results could differ materially from those anticipated in
these forward-looking statements as a result of a variety of factors, including
those discussed in the company`s reports that are filed with the Securities and
Exchange Commission. You should not place undue reliance on these
forward-looking statements, which speak only as of the date of this press
release. Other than as required by law, the company and Tortoise Capital
Advisors do not assume a duty to update this forward-looking statement.
Tortoise Capital Advisors, LLC
Pam Kearney, 866-362-9331
Investor Relations
pkearney@tortoiseadvisors.com
Copyright Business Wire 2009
