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Tortoise Energy Infrastructure Reports Net Asset Value of $1.4 Bln as of Aug


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Tortoise Energy Infrastructure ( TYG ) said that as of Aug. 31 the company's unaudited total assets were about $2.6 billion and its unaudited net asset value was $1.4 billion, or $29.54 per share. The company's stock drifted slightly higher.

As of the end of last month, the company was in compliance with its asset coverage ratios and basic maintenance covenants, it said in a statement. The asset coverage ratio with respect to senior securities representing indebtedness was 390%, and its coverage ratio for preferred shares was 300%.

The company issued 42,423 shares of common stock under its at-the-market equity offering program raising a total of about $1.4 million during August.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , ETFs
Referenced Symbols: TYG


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