Tortoise Capital Advisors L.L.C.

Mandatory Redeemable Preferred

Common Stock | Preferred Stock


TYG Mandatory Redeemable Preferred Shares
Ticker TYG PrA
CUSIP 89147L605
Inception Date 12/9/2009
Inception Price $ 10.00
Redemption Date 12/31/2019
Distribution Rate 6.25%
Monthly Distribution Amount(1) $ 0.052084 per share
Current Price $ 10.40
Current Yield 6.0%
Ratings "AA" Fitch
"A1" Moodys
Amount $ 73,000,000
Shares 7,300,000

Optional Redemption Dates
  1. After Dec. 31, 2012 and on
    or prior to Dec. 31, 2013, $10.10 per share;
  2. After Dec. 31, 2013 and on
    or prior to Dec. 31, 2014, $10.05 per share;
  3. After Dec. 31, 2014 and prior to the term redemption date or during any rating downgrade period, $10.00 per share.

(1) Record date for distribution is 15th day of each month (or next preceding business day). Distribution is payable the first business day of each month following the record date. Initial distribution of $0.083334 for the short first payment period was paid 2/1/10.

We expect that the TYG preferred distributions will be classified as either qualified dividend income or return of capital. The distributions will not be classified as capital gains.