Tortoise Energy Capital Corp. - 2011-02-04

Priced the sale of 5 million of its 5% series B mandatory redeemable preferred (MRP B) shares at $10 per share. Net proceeds will be used to redeem all $45 million of its outstanding 5.60% mandatory redeemable preferred shares. The remaining proceeds may be used to pay short-term debt, to invest in energy infrastructure companies and policies or for working capital purposes.

Wells Fargo Securities is the sole structuring manager and book runner for the offering.