HOUSTON, April 14, 2016 /PRNewswire/ -- Center Coast Capital Advisors, LP announced today that it will hold a first quarter update call for the Center Coast MLP & Infrastructure Fund (NYSE: CEN) (the "Fund") on April 20, 2016 11:00 a.m. Eastern. Portfolio Managers Dan Tutcher and Jeff Jorgensen, will host the call and share their thoughts on underlying MLP fundamentals, as well as the continued growth opportunities within the sector. Dial-in information below:
Dial-In: 1 (866) 352-2112 Audience
Audience Passcode: 6897 084#
About Center Coast Capital Advisors, LP
Center Coast Capital Advisors, LP ("Center Coast") serves as the Fund's investment advisor and is responsible for the management of the Fund. Center Coast is a registered investment advisor headquartered in Houston, Texas focused on energy infrastructure investments. Center Coast combines the expertise of midstream and energy infrastructure operators and financial and investment professionals. As the Center Coast portfolio management team includes a former CEO and manager of one of the largest MLPs, they have historically analyzed, operated or purchased a large number of the assets within the MLP sector. Center Coast currently has over $3.0 billion as of March 31, 2016 in MLP assets under management.
About the Center Coast MLP & Infrastructure Fund (NYSE: CEN)
The Fund is a non-diversified closed-end management investment company. The Fund's investment objective is to provide a high level of total return with an emphasis on distributions to shareholders. The "total return" sought by the Fund includes appreciation in the net asset value of the Fund's common shares and all distributions made by the Fund to its common shareholders, regardless of the tax characterization of such distributions, including distributions characterized as return of capital. The Fund seeks to achieve its investment objective by investing primarily in a portfolio of master limited partnerships ("MLPs") and energy infrastructure companies. Under normal market conditions, the Fund will invest at least 80% of its managed assets in securities of MLPs and energy infrastructure companies. The Fund may invest up to 20% of its managed assets in unregistered or restricted securities, including securities issued by private companies. The Fund utilizes leverage as part of its investment strategy. There is no assurance that the Fund will achieve its investment objective.
The Fund anticipates that, due to the tax characterization of cash distributions made by MLPs, a portion of the Fund's distributions to shareholders will consist of tax-advantaged return of capital for U.S. federal income tax purposes. In general, a portion of the distribution will constitute a return of capital to shareholders, rather than a dividend, to the extent such distribution exceeds the Fund's current and accumulated earnings and profits. The portion of any distribution treated as a return of capital will not be subject to tax currently, but will result in a corresponding reduction in a shareholder's basis in Fund shares and in the shareholder's recognizing more gain or less loss (that is, will result in an increase of a shareholder's tax liability) when the shareholder later sells Fund shares. Distributions in excess of a shareholders' adjusted tax basis in its shares are generally treated as capital gains. The Fund's distribution rate will vary based upon the distributions received from underlying investments. The Fund can make no assurance as to what percentage of the distributions paid on the shares will consist of tax-deferred return of capital.
For information about the Fund, please contact your Financial Advisor.
Financial Advisors/Analysts only please contact: (800) 651-2345
Media Relations please contact: (646) 839-5543
Website: www.centercoastcap.com/cen
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SOURCE Center Coast MLP & Infrastructure Fund
