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25 items- NEWSTortoise Capital Announces 2024 Closed-End Fund Tax Characterization of Distributions and Release of Combined Annual ReportTortoise Energy Infrastructure Corp. (NYSE:TYG)Tortoise Midstream Energy Fund, Inc. (NYSE:NTG)Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP)Tortoise Energy Independence Fund, Inc. (NYSE:NDP)Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ)Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) OVERLAND PARK, KS / ACCESS Newswire / January 30, 2025 / Tortoise Capital today announced the tax characterization of 2024 distributions paid to common stockholders of each of the funds listed below:2024 Tax Characterization of Distributions TYG NTG TTP NDP TPZ TEAF Qualified Dividend Income 20% 12% 13% 15% 17% 10%Ordinary Dividend Income 4% 0% 0% 0% 5% 60%Return o
- INSIDERAmendment: Large owner Saba Capital Management, L.P. disposed of $19,577,957 worth of shares (515,345 units at $37.99) (SEC Form 4)4/A - Tortoise Midstream Energy Fund, Inc. (0001490286) (Issuer)
- INSIDERLarge owner Saba Capital Management, L.P. acquired $19,577,957 worth of shares (515,345 units at $37.99) (SEC Form 4)4 - Tortoise Midstream Energy Fund, Inc. (0001490286) (Issuer)
- INSIDERLarge owner Metlife Investment Management, Llc disposed of 96,212 units of Series F Mandatory Redeemable Preferred Shares (SEC Form 4)4 - Tortoise Midstream Energy Fund, Inc. (0001490286) (Issuer)
- SECSEC Form 25-NSE filed by Tortoise Midstream Energy Fund Inc.25-NSE - Tortoise Midstream Energy Fund, Inc. (0001490286) (Subject)
- PRTortoise Capital Completes Merger of Tortoise Energy Infrastructure Corp. (NYSE: TYG) and Tortoise Midstream Energy Fund, Inc. (NYSE: NTG)OVERLAND PARK, KS / ACCESSWIRE / December 23, 2024 / Tortoise Capital Advisors, L.L.C. (Tortoise Capital), a fund manager focused on energy investing, today announced the completion of a strategic merger between Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) and Tortoise Energy Infrastructure Corp. (NYSE:TYG) with TYG emerging as the continuing fund. As of Dec. 20, 2024, the combined total assets under management (AUM) of TYG was $1.0 billion.TYG will maintain its original investment strategy and objective, becoming Tortoise Capital's flagship closed-end fund solution for investors seeking exposure to energy in the closed-end fund structure. TYG provides investors with exposure to energy in
- INSIDERLarge owner Saba Capital Management, L.P. sold $22,915 worth of shares (422 units at $54.30) (SEC Form 4)4 - Tortoise Midstream Energy Fund, Inc. (0001490286) (Issuer)
- PRTortoise Capital Announces Shareholder Approval of Closed-End Fund Mergers and Conversion to Actively Managed ETFOVERLAND PARK, Kan., Dec. 5, 2024 /PRNewswire/ -- Tortoise Capital Advisors, L.L.C. (Tortoise Capital), a fund manager focused on energy investing, today announced it received shareholder approval of two strategic fund merger proposals involving closed-end funds and the conversion to an actively managed ETF. These changes align with the firm's commitment to providing innovative investment solutions that are intended to enhance shareholder value and operational efficiency. Subject to the satisfaction of certain customary closing conditions, Tortoise Capital expects the mergers and ETF conversion to become effective, and trading of the merged funds will cease, before the market opens on Dec. 2
- PRTortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of November 29, 2024, for TYG, NTG, TTP, NDP, TPZ and TEAFOVERLAND PARK, KS / ACCESSWIRE / December 2, 2024 / Tortoise Capital today announced the following unaudited balance sheet information and asset coverage ratio updates for closed-end funds TYG, NTG, TTP, NDP, TPZ and TEAF.Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of Nov. 29, 2024, the company's unaudited total assets were approximately $692.4 million and its unaudited net asset value was $562.2 million, or $52.23 per share.As of Nov. 29, 2024, the company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 753%, and its coverage ratio for preferred shares was 542%. For more information on the company's covera
- PRTortoise Capital Announces Excise Distributions for NTG, TTP and NDPDistribution Amounts and Dates Declared for:Tortoise Midstream Energy Fund, Inc. (NYSE:NTG)Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP)Tortoise Energy Independence Fund, Inc. (NYSE:NDP) OVERLAND PARK, KS / ACCESSWIRE / November 25, 2024 / Tortoise Capital announced excise tax distributions declared by three of its closed-end funds: NTG, TTP, and NDP. These excise distributions are payable on Dec. 13, 2024, to shareholders of record on Dec. 6, 2024.Tortoise Capital closed-end funds excise tax distribution details are as follows:Per ShareFundTickerDistributionAmountTortoise Midstream Energy Fund, Inc.NTG$0.530Tortoise Pipeline & Energy Fund, Inc.TTP$0.175Tortoise Energy Independence Fund,
- SECSEC Form 425 filed by Tortoise Midstream Energy Fund Inc.425 - Tortoise Midstream Energy Fund, Inc. (0001490286) (Subject)
- SECTortoise Midstream Energy Fund Inc. filed SEC Form 8-K: Other Events8-K - Tortoise Midstream Energy Fund, Inc. (0001490286) (Filer)
- 13D/GSEC Form SC 13G filed by Tortoise Midstream Energy Fund Inc.SC 13G - Tortoise Midstream Energy Fund, Inc. (0001490286) (Subject)
- PRTortoise Capital Announces Closed-End Fund DistributionsDistribution Amounts and Dates Declared for:Tortoise Energy Infrastructure Corp. (NYSE:TYG)Tortoise Midstream Energy Fund, Inc. (NYSE:NTG)Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP)Tortoise Energy Independence Fund, Inc. (NYSE:NDP)Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ)Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) OVERLAND PARK, KS / ACCESSWIRE / November 4, 2024 / Tortoise Capital announced distributions declared by its closed-end funds.Tortoise Capital closed-end funds distribution details are as follows:FundTickerDistributionAmountDistribution Target of Average NAVDistributionFrequencyTortoise Energy Infrastructure Corp.TYG$0.787%-10%QuarterlyTor
- PRTortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of October 31, 2024, for TYG, NTG, TTP, NDP, TPZ and TEAFOVERLAND PARK, KS / ACCESSWIRE / November 1, 2024 / Tortoise Capital today announced the following unaudited balance sheet information and asset coverage ratio updates for closed-end funds TYG, NTG, TTP, NDP, TPZ and TEAF.Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of Oct. 31, 2024, the company's unaudited total assets were approximately $615.4 million and its unaudited net asset value was $492.6 million, or $45.76 per share.As of Oct. 31, 2024, the company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 718%, and its coverage ratio for preferred shares was 507%. For more information on the company's covera
- PRTortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of September 30, 2024, for TYG, NTG, TTP, NDP, TPZ and TEAFOVERLAND PARK, KS / ACCESSWIRE / October 1, 2024 / Tortoise Capital today announced the following unaudited balance sheet information and asset coverage ratio updates for closed-end funds TYG, NTG, TTP, NDP, TPZ and TEAF.Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of Sept. 30, 2024, the company's unaudited total assets were approximately $599.9 million and its unaudited net asset value was $476.1 million, or $42.22 per share.As of Sept. 30, 2024, the company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 698%, and its coverage ratio for preferred shares was 492%. For more information on the company's cover
- PRTortoise Capital Plans Merger of Two Closed-End Funds and Strategic Review of Ecofin Sustainable and Social Impact Term FundOVERLAND PARK, Kan., Sept. 5, 2024 /PRNewswire/ -- Tortoise Capital Advisors, L.L.C., a fund manager focused on traditional energy and power infrastructure investing, today announced plans to merge two of its closed-end funds. The board of directors of each of Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) and Tortoise Energy Infrastructure Corp. (NYSE:TYG) have approved the merger of NTG into TYG, with TYG as the surviving company. TYG invests in energy infrastructure companies and is positioned to benefit from growing energy demand and accelerated efforts to reduce global CO2 emissions from energy consumption. The combined assets of the two funds, including leverage, totaled $914.4 milli
- PRTortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of August 30, 2024, for TYG, NTG, TTP, NDP and TPZOVERLAND PARK, KS / ACCESSWIRE / September 3, 2024 / Tortoise Capital today announced the following unaudited balance sheet information and asset coverage ratio updates for closed-end funds TYG, NTG, TTP, NDP and TPZ.Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of Aug. 30, 2024, the company's unaudited total assets were approximately $583.9 million and its unaudited net asset value was $460.9 million, or $42.82 per share.As of Aug. 30, 2024, the company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 682%, and its coverage ratio for preferred shares was 481%. For more information on the company's coverage ra
- INSIDERLarge owner Saba Capital Management, L.P. bought $211,869 worth of shares (4,725 units at $44.84) (SEC Form 4)4 - Tortoise Midstream Energy Fund, Inc. (0001490286) (Issuer)
- SECSEC Form N-PX filed by Tortoise Midstream Energy Fund Inc.N-PX - Tortoise Midstream Energy Fund, Inc. (0001490286) (Filer)
- PRTortoise Capital Announces Closed-End Fund Distributions Including Increases for TYG and NTGDistribution Amounts and Dates Declared for:Tortoise Energy Infrastructure Corp. (NYSE:TYG)Tortoise Midstream Energy Fund, Inc. (NYSE:NTG)Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP)Tortoise Energy Independence Fund, Inc. (NYSE:NDP)Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ)Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) OVERLAND PARK, Kan., Aug. 9, 2024 /PRNewswire/ -- Tortoise Capital and the Board of its closed-end funds announced distributions for its closed-end funds. Tortoise Energy Infrastructure Corp. (TYG) and Tortoise Midstream Energy Fund, Inc. (NTG) increased their distributions by 10% and 5%, respectively. The distribution increases are a produc
- SECSEC Form N-CSRS filed by Tortoise Midstream Energy Fund Inc.N-CSRS - Tortoise Midstream Energy Fund, Inc. (0001490286) (Filer)
- PRTortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of July 31, 2024, for TYG, NTG, TTP, NDP and TPZOVERLAND PARK, KS / ACCESSWIRE / August 1, 2024 / Tortoise today announced the following unaudited balance sheet information and asset coverage ratio updates for TYG, NTG, TTP, NDP and TPZ.Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of July 31, 2024, the company's unaudited total assets were approximately $563.0 million and its unaudited net asset value was $450.1 million, or $41.82 per share.As of July 31, 2024, the company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 740%, and its coverage ratio for preferred shares was 503%. For more information on the company's coverage ratios, please refer to the le
- PRTortoise Capital Releases Combined 2024 Closed-End Fund Semi-Annual ReportTortoise Energy Infrastructure Corp. (NYSE:TYG)Tortoise Midstream Energy Fund, Inc. (NYSE:NTG)Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP)Tortoise Energy Independence Fund, Inc. (NYSE:NDP)Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ)OVERLAND PARK, KS / ACCESSWIRE / July 29, 2024 / Tortoise Capital today announced the release of the combined 2024 semi-annual stockholders' report including all of these funds. The semi-annual report is available online at cef.tortoiseadvisors.com. Please call (866) 362-9331 or email info@tortoiseadvisors.com to request a hard copy of this report free of charge.About Tortoise Capital AdvisorsTortoise Capital Advisors, L.L.C. is an SEC-regist
- SECSEC Form DEF 14A filed by Tortoise Midstream Energy Fund Inc.DEF 14A - Tortoise Midstream Energy Fund, Inc. (0001490286) (Filer)