Bill Barrel's questions to NTG leadership • Q2 2016
Question
Bill Barrel, a Private Investor, questioned how Tortoise reconciles maintaining NTG's distribution given its coverage was approximately 94% in Q2.
Answer
Brad Adams, Managing Director and CEO, explained that distributable cash flow (DCF) has many components and can fluctuate quarterly. He noted that NTG's coverage has been both above and below 100% in the past without distribution changes, as the fund is managed with a long-term perspective to cover distributions over time.