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Petroleum & Resources was founded in 1929 and is based in Baltimore, Maryland. Petroleum & Resources Corporation (the Fund) is a non-diversified closed-end investment company. The Fund is an internally managed fund, whose investment objectives are preservation of capital, the attainment of reasonable income from investments and an opportunity for capital appreciation. It focuses on petroleum and other natural resource investments. The Fund invests in common stocks, short-term investments and securities lending collateral.

Tortoise Energy Capital Corporation is a closed-end investment company investing in equity securities of Master Limited Partnerships (MLPs) operating energy infrastructure assets. Its investment objective is to seek a level of total return with an emphasis on current distributions to stockholders. The Company seeks to provide its stockholders with a vehicle to invest in the energy infrastructure sector. It invests at least 80% of its net assets, plus any borrowings for investment purposes, invested in equity securities of entities in the energy sector and at least 80% of its total assets in equity securities of MLPs and their affiliates in the energy infrastructure sector. It would not invest more than 15% of its total assets in any single issuer as of the time of purchase. The Company would invest up to 50% of its total assets in restricted securities. The investment advisor of the Company is Tortoise Capital Advisors, L.L.C.

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