OVERLAND PARK, Kan. - January. 26, 2006 - Tortoise North American Energy Corp. (NYSE: TYN), today announced its fiscal 2005 results. On January 27, 2006, the company intends to post its 2005 annual report at www.tortoiseadvisors.com and to commence mailing of the reports to stockholders.
At November, 30 2005, Tortoise North American Energy Corp.'s total assets were $152 million and its net assets applicable to common stockholders were $110 million.
2006 Annual Shareholders' Meeting
The company will discuss year-end results at its annual shareholders' meeting on April 12, 2006 at 9 a.m. C.T. at the Doubletree Hotel, 10100 College Blvd. in Overland Park, Kan.
For those unable to attend the meeting, a listen-only conference call will be provided. Please dial the number approximately five to 10 minutes prior to the scheduled starting time:
U.S./Canada: (800) 218-0204
International: (303) 262-2140
The meeting will also be webcast in a listen-only format. The link to the webcast can be accessed at www.tortoiseadvisors.com through April 12, 2007.
About Tortoise North American
Tortoise North American Energy Corp. owns a portfolio of investments in the equity securities of Canadian Royalty and Income Trusts (RITs) and United States Master Limited Partnerships (MLPs) with diversified exposure to the growing and physically integrated North American energy markets.
About Tortoise Capital Advisors
Tortoise Capital Advisors, LLC, the adviser to Tortoise North American Energy Corp., is a pioneer in capital markets for master limited partnership (MLP) investment companies and a leader in closed-end funds and separately managed accounts focused on MLPs in the energy infrastructure sector. Tortoise Capital Advisors also serves as the adviser to Tortoise Energy Infrastructure Corp. (NYSE: TYG), and Tortoise Energy Capital Corp. (NYSE: TYY). To date, the adviser has approximately $1.5 billion of energy infrastructure investment assets under management. For more information, visit our website at www.tortoiseadvisors.com. Safe Harbor Statement
This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.
Tortoise Capital Advisors, LLC
Pam Kearney, Investor Relations