Tortoise Mlp Fund, Inc. (NTG): Charles E Heath , director of Tortoise Mlp Fund, Inc. purchased 500 shares on Apr 14, 2016. The Insider buying transaction was reported by the company on Apr 14, 2016 to the Securities and Exchange Commission. The shares were purchased at $16.23 per share for a total value of $8,115.00 according the SEC Form 4 Filing.
Tortoise MLP Fund Inc. is a non-diversified closed-end management investment fund. The Fund’s investment objective is to seek a high level of total return with an emphasis on current distributions. It focuses primarily on midstream energy infrastructure master limited partnerships (MLPs) that engage in the business of transporting gathering and processing and storing natural gas and natural gas liquids (NGLs). The Fund invests at least 80% of total assets in equity securities of MLPs in the energy infrastructure sector with at least 50% of its total assets in equity securities of natural gas infrastructure MLPs. It will not invest more than 10% of its total assets in any single issuer or engage in short sales. The Fund’s portfolio includes natural gas/natural gas liquids pipelines natural gas gathering/processing and crude/refined products pipelines. Tortoise Capital Advisors L.L.C. is an investment adviser to the Fund.