Tortoise MLP Fund, Inc. Announces $1.06 Billion Initial Public Offering
Business Wire, July 28, 2010
LEAWOOD, Kan. — Tortoise MLP Fund, Inc. (NYSE: NTG) a closed-end fund focused on natural
gas infrastructure investments, today announced the pricing of its
initial public offering of common stock. The fund priced 42,400,000
shares at $25.00 per share, raising $1.06 billion. The fund has granted
the underwriters a 45-day option to purchase an additional 6,153,000
shares of common stock at the same price.
The fund intends to use the net proceeds from the offering to invest in
a portfolio consisting primarily of energy infrastructure master limited
partnerships (MLPs) and their affiliates, with an emphasis on natural
gas infrastructure MLPs. The funds investment objective is to provide
its stockholders a high level of total return with an emphasis on
current distributions.
The underwriting syndicate was led by Morgan Stanley, Citi, BofA Merrill
Lynch, UBS Investment Bank and Wells Fargo Securities. Senior
co-managers included Stifel Nicolaus Weisel, Barclays Capital,
Oppenheimer & Co., and RBC Capital Markets.
A registration statement relating to these securities has been filed
with and declared effective by the Securities and Exchange Commission.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any offer,
solicitation or sale, any securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the laws of such state or
jurisdiction.
An offer will be made only by means of the prospectus. A copy of the
final prospectus relating to the offering may be obtained, when
available, from Morgan Stanley, Attention: Prospectus Department, 180
Varick Street, 2nd Floor, New York, NY 10014 (tel.: 866-718-1649); Citi,
Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, N.Y. 11220
(tel.: 800-831-9146); BofA Merrill Lynch, Attention: Prospectus
Department, 4 World Financial Center, New York, NY 10080 (email: dg.prospectus_requests@baml.com);
UBS Investment Bank, Attention: Prospectus Department, 299 Park Avenue,
New York, NY 10171 (tel.: 888-827-7275); Wells Fargo Securities,
Attention: Equity Syndicate Department, 375 Park Avenue, New York, NY
10152 (tel.: 800-326-5897); or from any of the underwriters.
About Tortoise Capital Advisors, LLC
Tortoise is an investment manager specializing in managing portfolios of
investments in MLPs and other energy companies. As of June 30, 2010,
Tortoise had approximately $3.6 billion of assets under management in
five NYSE-listed investment companies and private accounts.
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
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admin
4:42 am on September 4, 2010
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For that reason, I am dedicating these records to him.”
Ashrita also suggested he has many more potential records up his sleeve. He is always looking to find new records and often likes to break them in exotic locations. Ashrita says he is drawn to records that are a little bit different (one could say wacky) because it makes people happy to see someone attempt unusual feats. Amongst Ashrita?s other records there include the fastest mile whilst balancing a milk bottle on his head; the most games of hopscotch in an hour and most grapes caught in the mouth within a minute.
Ashrita is currently 47 years old and when not breaking records works in a health food store in Queens, New York.
Richard is an economics teacher in Oxford and is a member of the Sri Chinmoy Marathon Team. He organises running races in the Summer months and is an active cyclist
Video available of Ashrita’s successful records at Sri Chinmoy TV.
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admin
9:01 pm on September 3, 2010
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Doing so will allow you to get the most RV for your money.
- Visit a couple of RV dealers, and attend an RV show. RV shows are great ways to see a wide range of models quickly, and it is often possible to strike some very good deals at these events.
- Do the math to be sure an RV is right for you. An RV makes sense for a great many people, particularly families traveling together. RV travel can be significantly less costly than travel by car or plane. Fees for campgrounds are considerably lower than hotel room rates, and this can really trim the travel budget.
- Be sure to inset in a quality guide to RV campgrounds. Knowing where the campgrounds are, and having good directions for getting there, will save you lots of hassle, as well as gas money.
Travelling is a much loved past time for the author.
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admin
6:46 pm on September 3, 2010
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The son exclaimed, ?What great luck, now we have all the horses we?ll ever need!?
To which the farmer replied; ?Good luck, bad luck, too soon to tell.?
The next day as the farmer and son were working with the horses, one particulary difficult horse threw the son off his back and broke his leg. The son cried: ?Oh father, I am so sorry, now you have to work the farm all by yourself. What bad luck!?
Once again the father replied: ?Good luck, bad luck, too soon to tell.?
Several days later the Civil War broke out and all the able bodied young men were sent off to war. The farmer?s son, having a broken leg, was forced to stay at home.
After the leg had healed, the father had the only farm around with a son to help and seven horses to boot. They worked the farm and prospered.
Good luck, bad luck.
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admin
11:21 am on September 3, 2010
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In fact to manufacture solar cells now costs about half of what it did five years ago and believe it or not it is over 65 percent more efficient.
They are now able to make solar cells out of plastics and all kinds of materials that do not cost is much. All this is propelling entrepreneurs in the solar power industry to come up with new applications and consider even more ways to use solar power to help America break her addiction to foreign Middle Eastern oil. We can do this America and we can do it with the power of the sun.
While everyone else is screaming about climate change and global warming perhaps we can take some of the hot summer sun and turn it into energy and we will be laughing all the way to the bank by reducing our electricity bills and our fuel costs.
Solar energy makes sense for so many reasons and thanks to the top universities, presidential initiatives and the many research and development centers across the country solar power is making strides. Have you thought about solar power for your home, recreational vehicle or other needs? You should because with the lower cost to install solar panels it now makes sense from a return on investment standpoint to put them in and save on those electrical bills.
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admin
6:45 am on September 3, 2010
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These types of ads are also very expensive and should therefore be written to target individuals that have the necessary qualities. Advertising agencies or marketing professionals can help computer service business managers write the best ads.
Promotions
Many times you will find that current employees are qualified to fill openings. Promoting from within a computer service business can boost morale, but must be done only if the person has the necessary qualifications and not simply because it might help you avoid other recruiting techniques outside the business.
Referrals
An ideal candidate can often be someone within your network of friends and business colleagues. You can also encourage current employees to tell you about possible candidates within their circles. Make sure you screen these candidates in the same way you would anyone else to make sure they are truly a good fit for the job.
Recruiting Via the Internet
A responsible computer service business manager will constantly look through competitor websites and the Internet for job candidates.
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admin
3:58 am on September 3, 2010
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If you do not consistently achieve your goals, then this skill set needs to be developed. Also, leadership is another skill that can be developed. Find a solution that marries both leadership and goal achievement.
HINT:
By doing so, you are working smarter not harder.
Do I have all of the necessary attitudes to implement a plan?
Even with the best developed skills, without positive attitudes, the implementation of the plan is potentially doomed to fail. Improving attitudes begins by identifying those foundational beliefs that are driving the attitudes. For example, if you say you don’t have the time to work your plan, then those foundational beliefs and supporting attitudes will deliver exactly what you believe.
Do I have all the necessary tools to implement a plan?
The strategic plan requires a variety of tools for successful implementation.
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