Company Marks Successful IPO of Second Fund
OVERLAND PARK, Kan.--(BUSINESS WIRE)--July 27, 2005--Executives from Tortoise Energy Infrastructure Corporation (NYSE:TYG - News) and Tortoise Energy Capital Corporation (NYSE:TYY - News) will ring the closing bell at the New York Stock Exchange on Thursday, July 28th. The company is marking the recent completion of a successful Initial Public Offering of its second fund (TYY).
The New York Stock Exchange is located at 11 Wall Street. Live feeds are available to media outlets and can be accessed by fiber line at Waterfront #1630 beginning at 3:55 p.m. EDT.
"We are very pleased to be marking this capstone event in our company's history," said Terry Matlack, Chief Financial Officer and Treasurer of both Tortoise companies. "Since pioneering an investment structure focused on energy infrastructure companies just three years ago, Tortoise Energy's two funds have grown to over $1.1 billion in total assets. But it's important to note that Tortoise Energy and its progeny have collectively infused close to $3 billion into energy infrastructure companies, essentially fresh capital that was not previously available to issuers."
About Tortoise Energy
The investment objective for both Tortoise Energy Infrastructure Corporation and Tortoise Energy Capital Corporation is to provide investors with a high level of total return, with an emphasis on current distributions. Each Tortoise Energy share represents a portfolio of strategically selected securities of master limited partnerships in the energy infrastructure sector.
Tortoise Capital Advisors serves as the manager of both funds. The advisor and its affiliates hold approximately $1.3 billion of energy infrastructure investment assets under management.
For complete information about Tortoise Energy, please visit the company's websites at www.tortoiseenergy.com and www.tortoiseadvisors.com or contact the Investor Relations Department at (913) 981-1020.
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.
The foregoing may contain forward-looking statements. There is no assurance that Tortoise Energy's investment objective will be obtained.
Investor Relations, 913-981-1020