22.08.2017 21:10:00
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/C O R R E C T I O N -- Center Coast MLP & Infrastructure Fund/
In the news release, Center Coast MLP & Infrastructure Fund (CEN) Declares Monthly Distributions, issued Aug. 22, 2017 by Center Coast MLP & Infrastructure Fund over PR Newswire, we are advised by the company that the ex-dividend dates have been revised. The complete, corrected release follows:
Center Coast MLP & Infrastructure Fund (CEN) Declares Monthly DistributionsHOUSTON, Aug. 22, 2017 /PRNewswire/ -- Center Coast MLP & Infrastructure Fund (NYSE: CEN) (the "Fund") declared today four regular monthly distributions of $0.1042 per common share.
Distribution Details:
Month | Ex-Dividend | Record Date | Payable Date | Distribution per |
September | 9/14/17 | 9/15/17 | 9/27/17 | $0.1042 |
October | 10/12/17 | 10/13/17 | 10/27/17 | $0.1042 |
November | 11/9/17 | 11/10/17 | 11/21/17 | $0.1042 |
Nov./December | 11/21/17 | 11/22/17 | 11/29/17 | $0.1042 |
Based on current estimates, we anticipate that a portion of the distributions paid in calendar 2017 will be treated for U.S. federal income tax purposes as a return of capital. The final determination of the tax status of those 2017 distributions will be made in early 2018 and provided to shareholders on Form 1099-DIV.
The Fund anticipates declaring and paying distributions monthly.
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. The Lead Portfolio Managers on the fund are Dan Tutcher, Rob Chisholm and Jeff Jorgensen.
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 may consist of tax-advantaged return of capital for U.S. federal income tax purposes. In general, a portion of the distribution may 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
View original content:http://www.prnewswire.com/news-releases/center-coast-mlp--infrastructure-fund-cen-declares-monthly-distributions-300506286.html
SOURCE Center Coast MLP & Infrastructure Fund
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