4//SEC Filing
GOPAL SHOBANA 4
Accession 0001140361-18-033596
CIK 0001490286other
Filed
Jul 25, 8:00 PM ET
Accepted
Jul 26, 11:55 AM ET
Size
8.6 KB
Accession
0001140361-18-033596
Insider Transaction Report
Form 4
GOPAL SHOBANA
Vice President
Transactions
- Exercise of In-Money
Oversubscription Privilege (contingent right to buy)
2018-07-24−60→ 0 totalFrom: 2018-06-19Exp: 2018-07-18→ Common Stock (60 underlying) - Exercise of In-Money
Common Stock
2018-07-24+60→ 1,017.844 total
Footnotes (2)
- [F1]On June 7, 2018, Tortoise MLP Fund, Inc. (the "Fund") announced the terms of a pro rata offering of transferable rights (the "Rights") to holders of the Fund's common shares, as of the record date of June 19, 2018 ("Record Date Shareholder"), entitling the holders of such rights to subscribe for up to an aggregate of 15,802,094 of the Fund's common shares. Record Date Shareholders received one Right for each outstanding whole common share held on the record date. The Rights entitled their holders to purchase one new common share for every three Rights held; however, any Record Date Stockholder who owned fewer than three common shares as of the Record Date was entitled to subscribe for one common share. The subscription price per common share was $14.64 (the "basic subscription privilege"). The Rights Offering also included an oversubscription privilege, which entitled holders who fully exercised their basic subscription privilege the right to purchase, at a price of $14.64 per commo
- [F2]On July 11, 2018, the reporting person exercised her basic subscription rights and oversubscription privileges in full to purchase common shares of the Fund issued in the Rights Offering. The reporting person purchased 240 common shares of the Fund from the exercise of her basic subscription rights (previously reported in a Form 4 filed on July 12, 2018), plus an additional 60 common shares of the Fund pursuant to the oversubscription privileges associated with the reporting person's subscription rights on the basis of the Fund's allocation of common shares, as of the closing of the subscription period. On July 24, 2018, the third-party subscription agent for the Rights Offering determined the allocations to be made to the Record Date Shareholders who exercised their oversubscription privileges.
Documents
Issuer
TORTOISE MLP FUND, INC.
CIK 0001490286
Entity typeother
Related Parties
1- filerCIK 0001645691
Filing Metadata
- Form type
- 4
- Filed
- Jul 25, 8:00 PM ET
- Accepted
- Jul 26, 11:55 AM ET
- Size
- 8.6 KB