Quarterly Notice of Portfolio Holdings


As filed with the Securities and Exchange Commission on April 28, 2005



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


 
FORM N-Q
 
 
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY
 




Investment Company Act file number 811-21462



Tortoise Energy Infrastructure Corporation
(Exact name of registrant as specified in charter)



10801 Mastin Blvd., Suite 222, Overland Park, KS 66210
(Address of principal executive offices) (Zip code)



David J. Schulte
10801 Mastin Blvd., Suite 222, Overland Park, KS 66210
(Name and address of agent for service)



913-981-1020
Registrant's telephone number, including area code



Date of fiscal year end: November 30


Date of reporting period: February 28, 2005




 
     

 

 
Item 1. Schedule of Investments.
 
Tortoise Energy Infrastructure Corporation
 
 
     
Schedule of Investments
(Unaudited)
February 28, 2005
         
 
Common Stock - 0.56% +
Shares
 
Value
         
 
Natural Gas Gathering/Processing - 0.56% +
     
 
Crosstex Energy, Inc. (Cost $2,246,338)
56,536
 
$2,346,244
         
 
Master Limited Partnerships - 142.80% +
     
         
 
Coal - 2.48% +
     
 
Natural Resource Partners L.P.
169,700
 
10,356,791
         
 
Shipping - 0.63% +
     
 
U.S. Shipping Partners L.P.
2,000
 
54,240
 
K-Sea Transportation Partners L.P.
71,300
 
2,583,912
       
2,638,152
         
 
Crude/Refined Products Pipelines - 87.30% +
     
 
Buckeye Partners, L.P.
415,200
 
18,231,432
 
Enbridge Energy Partners, L.P.
419,200
 
22,657,760
 
Enbridge Energy Partners, L.P. ^
501,300
 
25,400,871
 
Holly Energy Partners, L.P.
427,070
 
16,634,377
 
Kaneb Pipe Line Partners, L.P.
414,500
 
25,429,575
 
Kinder Morgan Management, LLC #
946,032
 
40,603,693
 
Kinder Morgan Management, LLC #^
420,815
 
17,779,434
 
Magellan Midstream Partners, L.P.
841,637
 
51,045,284
 
Pacific Energy Partners, L.P.
656,500
 
21,277,165
 
Plains All American Pipeline, L.P.
728,400
 
28,509,576
 
Plains All American Pipeline, L.P. ^
486,855
 
18,768,260
 
Sunoco Logistics Partners, L.P.
810,100
 
33,943,190
 
TEPPCO Partners, L.P.
607,400
 
26,628,416
 
Valero, L.P.
294,700
 
18,321,499
       
365,230,532
         
 
Natural Gas/Natural Gas Liquid Pipelines - 13.64% +
     
 
Enterprise Products Partners, L.P.
1,845,800
 
49,319,776
 
Northern Border Partners, L.P.
151,200
 
7,726,320
       
57,046,096
         
 
Natural Gas Gathering/Processing - 24.43% +
     
 
Copano Energy, LLC
155,800
 
4,349,936
 
Energy Transfer Partners, L.P.
902,300
 
57,566,740
 
Hiland Partners, L.P.*
36,548
 
1,112,887
 
Markwest Energy Partners, L.P.
226,100
 
11,110,554
 
Markwest Energy Partners, L.P. ^
579,710
 
28,057,964
       
102,198,081
         
 
Propane Distribution - 14.32% +
     
 
Inergy, L.P.
1,732,220
 
56,470,372
 
Inergy, L.P. ^
118,414
 
3,419,796
       
59,890,168
         
 
Total Master Limited Partnerships (Cost $466,105,528)
   
597,359,820
         
         
   
Principal
   
 
Promissory Notes - 1.78% +
Amount
   
         
 
K-Sea Transportation Partners L.P. - Unregistered, 8.320%,
     
 
Due 03/31/2009 (Cost $7,454,492) ^ @
$7,552,475
 
7,454,492
         
         
         
 
Short Term Investments - 1.63% +
Shares
   
         
 
First American Government Obligations Money Market Fund - Class Y
     
 
(Cost $6,822,983)
6,822,983
 
6,822,983
 
Total Investments - 146.77% + (Cost $482,629,341)
   
613,983,539
         
 
Interest Rate Swap Contracts - 0.20% +
     
         
 
$60,000,000 notional, matures 7/10/2007 - Unrealized Appreciation
   
431,106
 
$50,000,000 notional, matures 7/17/2007 - Unrealized Appreciation
   
393,332
       
824,438
         
 
Liabilities in Excess of Other Assets - (38.60%) +
   
(161,468,778)
         
 
Preferred Shares at Redemption Value - (8.37%) +
   
(35,000,000)
         
 
Total Net Assets Applicable to Common Stockholders - 100.00% +
 
$418,339,199
         
 
Footnotes and Abbreviations
     
 
+ Calculated as a percentage of net assets.
     
 
* Non-Income producing security.
     
 
^ Fair valued securities represent a total market value of $100,880,817 which represents 24.11% of
 
net assets.
     
 
# Security distributions are paid in kind.
     
 
@ Security is a variable rate instrument. Interest rate is as of February 28, 2005.
   

 

 
     

 

Item 2. Controls and Procedures.
 
(a)   The Registrant’s President/Chief Executive Officer and Treasurer/Chief Financial Officer have concluded that the Registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the “1940 Act”)) are effective as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rules 15d-15(b) under the Securities Exchange Act of 1934, as amended.

(b)   There were no changes in the Registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the Registrant's last fiscal half-year that has materially affected, or is reasonably likely to materially affect, the Registrant's internal control over financial reporting.


 
Item 3. Exhibits.
 
Separate certifications for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the Act (17 CFR 270.30a-2(a)). Filed herewith.
 
 

 
     

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


(Registrant) Tortoise Energy Infrastructure Corporation                       

By (Signature and Title)* /s/ David J. Schulte                              
David J. Schulte President

Date  April 28, 2005                                                                                                 

 
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By (Signature and Title)* /s/ David J. Schulte                                
David J. Schulte, President

Date  April 28, 2005                                                                                                 

By (Signature and Title)* /s/ Terry C. Matlack                               
Terry C. Matlack, Treasurer

Date  April 28, 2005                                                                                                 

* Print the name and title of each signing officer under his or her signature.