Market Overview

Tortoise Energy Infrastructure Corp. (TYG) Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of Aug. 31, 2018

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Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as
of Aug. 31, 2018, the company's unaudited total assets were
approximately $2.5 billion and its unaudited net asset value was $1.5
billion, or $27.97 per share.

As of Aug. 31, 2018, the company was in compliance with its asset
coverage ratios under the Investment Company Act of 1940 (the 1940 Act)
and basic maintenance covenants. The company's asset coverage ratio
under the 1940 Act with respect to senior securities representing
indebtedness was 414 percent, and its coverage ratio for preferred
shares was 316 percent. For more information on calculation of coverage
ratios, please refer to the company's most recent applicable prospectus.

Year-to-date, through Aug. 31, 2018, the company issued 62,700 shares of
common stock under its at-the-market equity offering program for gross
proceeds of approximately $2.0 million.

Set forth below is a summary of the company's unaudited preliminary
balance sheet at Aug. 31, 2018 and a summary of its top 10 holdings.

Unaudited Preliminary Balance Sheet

            (in Millions)   Per Share
Investments $ 2,441.8 $ 45.53
Cash and Cash Equivalents 0.3 0.01
Receivable for Investments Sold 1.8 0.03
Current Tax Asset 14.1 0.26
Other Assets   3.6   0.07
Total Assets   2,461.6   45.90
 
Credit Facility Borrowings 140.8 2.62
Senior Notes 390.0 7.27
Preferred Stock   165.0   3.08
Total Leverage   695.8   12.97
 
Other Liabilities 10.5 0.20
Deferred Tax Liability   255.3   4.76
Net Assets $ 1,500.0 $ 27.97
 
 
 

53.64 million common shares currently outstanding.

Top 10 Holdings (as of Aug. 31, 2018)

             

Name

 

 

Ticker

   

Market Value

(in Millions)

   

% of Investment Securities(1)

Energy Transfer Partners, L.P. ETP $ 262.5 10.8 %
Magellan Midstream Partners, L.P. MMP 178.7 7.3 %
Andeavor Logistics LP ANDX 166.9 6.8 %
Enterprise Products Partners L.P. EPD 165.0 6.8 %
MPLX LP MPLX 158.8 6.5 %
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