Tortoise Energy Capital Fund's Series C Mandatory Redeemable Preferred Shares Goes Ex-Dividend Soon

On 9/11/13, Tortoise Energy Capital Fund's 3.95% Series C Mandatory Redeemable Preferred Shares (NYSE: TYY.PRC) will trade ex-dividend, for its monthly dividend of $0.0329, payable on 10/1/13. As a percentage of TYY.PRC's recent share price of $10.15, this dividend works out to approximately 0.32%. On an annualized basis, the current yield is approximately 3.86%, which compares to an average yield of 5.70% in the "Financial" preferred stock category, according to Preferred Stock Channel.