Tortoise MLP Fund, Inc. Announces Upcoming Distribution

Tortoise MLP Fund, Inc. (NYSE: NTG) today declared a first quarter 2016 distribution of $0.4225 per share, unchanged from fourth quarter 2015. This distribution is payable on Feb. 29, 2016 to stockholders of record on Feb. 22, 2016. The ex-dividend date is Feb. 18, 2016.

“As we’ve routinely communicated, our goal with our MLP-focused closed-end funds is to establish and maintain what we believe to be adequate distribution coverage, supporting our emphasis on long-term distribution sustainability,” said Brad Adams, CEO of Tortoise’s closed-end funds. “While we recognize the challenging market conditions, our focus on high quality companies that have continued to generate solid cash flows allows us to maintain this quarter-over-quarter distribution.”

For book purposes, the source of distributions for NTG is estimated to be 100 percent return of capital. For tax purposes, the characterization will not be made until determination of earnings and profits after year end.

About Tortoise MLP Fund, Inc.

Tortoise MLP Fund, Inc. owns a portfolio of master limited partnership (MLP) investments in the energy infrastructure sector, with an emphasis on natural gas infrastructure MLPs. Tortoise MLP Fund, Inc.’s objective is to provide its stockholders a high level of total return with an emphasis on current distributions.

About Tortoise Capital Advisors, L.L.C.

Tortoise Capital Advisors, L.L.C. is an investment manager specializing in energy investments. As of Jan. 31, 2016, the adviser had approximately $11.6 billion of assets under management across the energy value chain in listed closed-end funds, mutual funds, private funds and separate accounts. For more information, visit 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.

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. All statements, other than statements of historical fact, included herein are “forward-looking statements.” Although the Company and Tortoise Capital Advisors believe the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, the Company and Tortoise Capital Advisors do not assume a duty to update any forward-looking statement.

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