MANCHESTER, England, February 1, 2012 /PRNewswire/ –
AHEB Investment Group, the Belize-registered financial services consulting firm, has achieved another great year in 2011, despite the economic turmoil. The company announces 50% increase in its profits for 2011, whilst having laid the foundations for what promises to be an equally successful 2012 with the agreement of 20 client projects. The commitment, professionalism and high levels of expertise displayed by AHEB in the complex area of financing for large ventures and complex banking structures, is evident by the praise received from their clients.
The momentum gathered by AHEB Investment Group and their successful year continued right up to last weeks of December and is no doubt set to keep going into the start of 2012. During the last weeks of the year, meetings carried out with several major European banks and new investors set the pace for stage two of these exciting new developments, expected to take place in early 2012, with the next round of key negotiations. The success and achievements of these negotiations are by no small part down to AHEB’s expertise and professionalism in the field of large venture financing and complex banking structures, but also the clients themselves and the relationships and trust earned.
As AHEB Investment Group confirms its successful negotiation for 20 key projects at the end of 2011, it also announces that company profits have also increased by 50%. Andreas Charalambous, Managing Director of AHEB Investment Group, comments: “It has been an excellent year for AHEB Investment Group and we are pleased to be involved in some very major projects, which have allowed us to demonstrate our level of expertise and professionalism. We are very pleased to have a selection of extremely professional clients to work with and this allows us to bring great results also.”
AHEB Investment Group’s clients and associates are also very pleased with their cooperation and have expressed their gratitude in the testimonials received by the company. William Sickert, Principal and Director of International Zip Line Corporation comments: “Our experience with AHEB Investment group has been of the utmost in integrity and communication with respect to opportunities and programs. Our confidence and partnership led to progressive meetings and program introductions in Europe in the month of November. AHEB investment Group has the tenacity and relationships necessary to provide excellent and realistic programs to assist in the growth of your company. They are now our exclusive partners in our business and I endorse their staff as professional and integral in our future business worldwide.”
Randall Hickman of NCARE comments not only on the work ethic but also the personal touch offered by AHEB: “AHEB Investment Group has led our Funding Group to success by showing strong competence, integrity, and a shared common goal in success. Their dedication to our project (National Center for Autism Research and Education) has been nothing short of stellar. In working with them in Europe to finalize our project they have been nothing short of amazing. Further, AHEB displayed a warmth and personal touch unmatched compared with most financial groups. AHEB Investment Group has been nothing short of the height of professionalism, courtesy, and competence in all of their actions. We would highly recommend them to any project group seeking to arrange financing. They have made our project a reality.”
With these collaborations growing from strength to strength, the results in gaining finance for clients, and the project management and consulting agreements made over the past year, AHEB Investment Group is primed for a consecutively promising 2012. Andreas Charalambous, Managing Director of AHEB Investment Group, reciprocates: “We would once again like to thank our partners, investors, clients and friends for their kind words and reaffirm our commitment towards them. It is due to these partnerships, where all parties work together for mutual benefit, that we have been able to enjoy such a successful year with record profits. We look forward to continuing existing ventures whilst exploring new ones with our partners and clients in the near future.”
About AHEB Investment Group
AHEB Investment Group was founded in 2008 aiming to provide professional support and consulting regarding financing to businesses of large and medium size but also start up enterprises. AHEB specializes in assisting the development of large commercial and industrial projects by offering financing solutions and advisory support. Successful projects include real estate developments, construction including large hotels, energy based projects covering power plants and oil rigs with other major purchases of ships and aircraft. AHEB’s relationships with principal global and regional banking institutions assist businesses in arrangement of collateral via its network of investment partners. For further information about AHEB Investment Group, visit http://www.ahebgroup.com , email info@ahebgroup.com or call +1-347-4166069.
To read further customer testimonials from AHEB Investment Group clients visit: http://www.ahebgroup.com/dotnetnuke/CustomerTestimonials/tabid/201/Default.aspx
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2012年1月3日星期二
Tortoise Energy Capital Corp. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of Dec …
LEAWOOD, Kan.–(BUSINESS WIRE)– Tortoise Energy Capital Corp. (NYSE: TYY – News) today announced that as of Dec. 31, 2011, the company’s unaudited total assets were approximately $859.8 million and its unaudited net asset value was $532.3 million, or $27.16 per share.
As of Dec. 31, 2011, the company was in compliance with its asset coverage ratios under the Investment Company Act of 1940 (the 1940 Act) and basic maintenance covenants. The company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 580 percent, and its coverage ratio for preferred shares was 411 percent. For more information on calculation of coverage ratios, please refer to our most recent applicable prospectus.
The company issued 17,300 shares of common stock under its at-the-market equity offering program for gross proceeds of approximately $0.5 million during the month of December 2011.
Set forth below is a summary of the company’s unaudited balance sheet at Dec. 31, 2011, and a summary of its top 10 holdings.
Unaudited Balance Sheet
19.60 million common shares currently outstanding.
Top 10 Holdings (as of Dec. 31, 2011)
(1) Percent of Investments and Cash Equivalents.
About Tortoise Energy Capital Corp.
Tortoise Energy Capital Corp. provides financing for master limited partnerships (MLPs) in the energy infrastructure sector, focusing on crude oil and refined petroleum products MLPs and natural gas and natural gas liquids pipelines MLPs. Tortoise Energy Capital Corp. seeks to provide its stockholders a high level of total return with an emphasis on current distributions.
About Tortoise Capital Advisors, LLC
Tortoise Capital Advisors, LLC is an investment manager specializing in listed energy infrastructure investments. As of Nov. 30, 2011, the adviser had approximately $7.2 billion of assets under management in NYSE-listed closed-end investment companies, an open-end fund and other 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 that 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 this forward-looking statement.
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As of Dec. 31, 2011, the company was in compliance with its asset coverage ratios under the Investment Company Act of 1940 (the 1940 Act) and basic maintenance covenants. The company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 580 percent, and its coverage ratio for preferred shares was 411 percent. For more information on calculation of coverage ratios, please refer to our most recent applicable prospectus.
The company issued 17,300 shares of common stock under its at-the-market equity offering program for gross proceeds of approximately $0.5 million during the month of December 2011.
Set forth below is a summary of the company’s unaudited balance sheet at Dec. 31, 2011, and a summary of its top 10 holdings.
Unaudited Balance Sheet
| (in Millions) | Per Share | |||||
| Investments | $857.8 | $43.77 | ||||
| Cash and Cash Equivalents | 0.1 | 0.01 | ||||
| Receivable for Investments Sold | 0.5 | 0.02 | ||||
| Other Assets | 1.4 | 0.07 | ||||
| Total Assets | 859.8 | 43.87 | ||||
| Short-Term Borrowings | 17.3 | 0.88 | ||||
| Senior Notes | 104.1 | 5.31 | ||||
| MRP Shares | 50.0 | 2.55 | ||||
| Total Leverage | 171.4 | 8.74 | ||||
| Payable for Investments Purchased | 0.4 | 0.02 | ||||
| Other Liabilities | 2.7 | 0.14 | ||||
| Deferred Tax Liability | 153.0 | 7.81 | ||||
| Net Assets | $532.3 | $27.16 |
19.60 million common shares currently outstanding.
Top 10 Holdings (as of Dec. 31, 2011)
| Name | Market Value (in Millions) | % of Investment Securities(1) | ||||
| Sunoco Logistics Partners L.P. | $ 63.0 | 7.3% | ||||
| Enterprise Products Partners L.P. | 58.9 | 6.9% | ||||
| Magellan Midstream Partners, L.P. | 51.9 | 6.0% | ||||
| Williams Partners L.P. | 49.3 | 5.7% | ||||
| Kinder Morgan Management, LLC | 46.5 | 5.4% | ||||
| Buckeye Partners, L.P. | 45.8 | 5.3% | ||||
| Enbridge Energy Partners, L.P. | 45.6 | 5.3% | ||||
| ONEOK Partners, L.P. | 44.8 | 5.2% | ||||
| El Paso Pipeline Partners, L.P. | 43.4 | 5.1% | ||||
| Plains All American Pipeline, L.P. | 40.7 | 4.7% | ||||
| Total | $ 489.9 | 56.9% |
(1) Percent of Investments and Cash Equivalents.
About Tortoise Energy Capital Corp.
Tortoise Energy Capital Corp. provides financing for master limited partnerships (MLPs) in the energy infrastructure sector, focusing on crude oil and refined petroleum products MLPs and natural gas and natural gas liquids pipelines MLPs. Tortoise Energy Capital Corp. seeks to provide its stockholders a high level of total return with an emphasis on current distributions.
About Tortoise Capital Advisors, LLC
Tortoise Capital Advisors, LLC is an investment manager specializing in listed energy infrastructure investments. As of Nov. 30, 2011, the adviser had approximately $7.2 billion of assets under management in NYSE-listed closed-end investment companies, an open-end fund and other 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 that 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 this forward-looking statement.
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