Tortoise Captial Advisors
 

Tortoise Capital Advisors Launches MLP and Pipeline
Investment Solution for the Insurance Market

Tortoise VIP MLP & Pipeline Portfolio focuses on essential energy infrastructure investments

LEAWOOD, Kan.-- May 01, 2014 ()--Tortoise Capital Advisors today announced the introduction of the Tortoise VIP MLP & Pipeline Portfolio, an investment solution serving the variable annuity market. The variable insurance portfolio will invest primarily in equity securities of MLP and pipeline companies that own and operate essential North American energy infrastructure assets, with an investment objective of total return. The portfolio will be actively managed by Tortoise Capital Advisors and is currently available in Jefferson National’s Monument Advisor variable annuity.

“We believe the Tortoise VIP MLP & Pipeline Portfolio provides a differentiated investment solution to the variable annuity market,” stated Tortoise managing director, Michelle Kelly. “As we expect North American oil and natural gas production to continue to gain momentum, so will the critical need for pipeline infrastructure. The portfolio provides access to essential MLP and pipeline companies with attractive total return and portfolio diversification potential.”

The variable insurance portfolio expands Tortoise’s history of innovative investment product offerings in the energy infrastructure industry. Tortoise formed the first listed closed-end fund focused on investing in energy infrastructure MLPs in 2004 and is one of the largest investment managers of registered funds focused on energy infrastructure MLPs. Tortoise believes its history and long-only investment strategy can offer competitive advantages in evaluating and managing investment opportunities. As an industry pioneer, Tortoise has managed energy infrastructure investments for over a decade, across economic cycles and natural disasters.

The Tortoise VIP MLP & Pipeline Portfolio was initiated in cooperation with Montage Investments. Montage’s boutique of asset managers offer multiple investment solutions, including mutual funds, closed-end funds, separately managed accounts and alternative partnership investments.

Additional information regarding the portfolio may be obtained by calling 855-822-3863 or visiting www.tortoiseadvisors.com.

About Tortoise Capital Advisors, L.L.C.

Tortoise Capital Advisors, L.L.C. is an investment manager specializing in listed energy investments. As of March 31, 2014, the adviser had approximately $15.5 billion of assets under management in NYSE-listed closed-end investment companies, open-end funds and other accounts. For more information, visit www.tortoiseadvisors.com.

About Montage Investments

Montage Investments provides institutional-caliber investments to investors and the financial professionals who serve them. Through a family of independent asset managers, unified by deep market insight and fundamental research, Montage offers alternative investment solutions across the spectrum of asset classes and strategies that include mutual funds, closed-end funds and separate accounts. Collectively, Montage Investments managed approximately $21 billion as of Feb. 28, 2014. Visit www.montageinvestments.com.

About Jefferson National

Jefferson National provides tax-advantaged investing solutions for RIAs, fee-based advisors and the clients they serve, through a network of 3,000 advisors nationwide. The Company is based in Louisville, Ky., with authority in 49 states and the District of Columbia. To reach Jefferson National’s advisor support desk, please call 1-866-WHY-FLAT (1-866-949-3528). To learn more, please visit www.jeffnat.com.

Disclosures

Before investing in the portfolio, investors should consider their investment goals, time horizons and risk tolerance. The portfolio’s, Variable Contract’s and Plan’s investment objectives, risks, charges and expenses must be considered carefully before investing. The statutory prospectuses and the summary prospectuses contain this and other important information. Copies of the portfolio’s prospectus may be obtained by calling 855-822-3863 or visiting www.tortoiseadvisors.com. The Variable Contract prospectus or Plan documents may be obtained by contacting the applicable insurance company or your financial adviser. Please read both the Portfolio prospectus, Variable Contract prospectus and/or Plan documents carefully before you invest.

Variable investment options are subject to market risk, including loss of principal, and are suitable for long-term investing, particularly for retirement. An investment in a portfolio is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. There are charges and expenses associated with annuities and variable life insurance products, including mortality and expense risk charges, administrative fees, expenses for optional riders and deferred sales charges for early withdrawals. Withdrawals before age 59 1/2 may be subject to a 10 percent IRS penalty.

Investing involves risk. Principal loss is possible. The portfolio is non-diversified, meaning it may concentrate its assets in fewer individual holdings than a diversified portfolio. Therefore, the portfolio is more exposed to individual stock volatility than a diversified portfolio. Investing in specific sectors such as energy infrastructure may involve greater risk and volatility than less concentrated investments. Risks include, but are not limited to, risks associated with companies owning and/or operating pipelines and complementary assets, as well as Master Limited Partnerships (MLPs), MLP affiliates, capital markets, terrorism, natural disasters, climate change, operating, regulatory, environmental, supply and demand, and price volatility risks. The tax benefits received by an investor investing in the portfolio differs from that of a direct investment in an MLP by an investor. The value of the portfolio’s investment in an MLP will depend largely on the MLP’s treatment as a partnership for U.S. federal income tax purposes. If the MLP is deemed to be a corporation then its income would be subject to federal taxation, reducing the amount of cash available for distribution to the portfolio which could result in a reduction of the portfolio’s value. Investments in foreign issuers involve risk not ordinarily associated with investments in securities and instruments of U.S. issuers, including risks related to political, social and economic developments abroad, differences between U.S. and foreign regulatory and accounting requirements, tax risk and market practices, as well as fluctuations in foreign currencies. The portfolio invests in small and mid-cap companies, which involve additional risks such as limited liquidity and greater volatility than larger companies. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investment in lower-rated and non-rated securities presents a greater risk of loss to principal and interest than higher-rated securities. The portfolio may also write call options which may limit the portfolio’s ability to profit from increases in the market value of a security, but cause it to retain the risk of loss should the price of the security decline.

Nothing contained in this communication constitutes tax, legal, or investment advice. Investors must consult their tax advisor or legal counsel for advice and information concerning their particular situation.

Monument Advisor is issued by Jefferson National Life Insurance Company (Dallas, TX) and distributed by Jefferson National Securities Corporation, FINRA member. Policy series JNL-2300-1, JNL-2300-2, JNL-2300-3.

Certain marketing or sales related support provided by Montage Investments and certain of its affiliates, none of which are affiliated with Quasar Distributors, LLC. Quasar Distributors, LLC is not affiliated with Jefferson National Securities Corporation. Montage Investments is the indirect majority owner of Tortoise Capital Advisors.

Quasar Distributors, LLC, Distributor

Contacts

Tortoise Capital Advisors, L.L.C.
Pam Kearney, 866-362-9331
Investor Relations
pkearney@tortoiseadvisors.com