Tortoise Energy Capital Corp. - 2011-02-16

Plans to redeem its remaining $45 million 5.6% mandatory redeemable preferred shares (MRPS) on Mar. 14, 2011.

The MRPS will be redeemed at $10.10 per share, comprised of the liquidation preference amount of $10 per share and the required redemption premium of $0.10 per share, plus accrued dividends. The company will utilize net proceeds from its recent issuance of $50 million 5% Series B MRPS to facilitate the redemption.