NDP
TORTOISE ENERGY INDEPENDENCE FUND, INC.
Delisted
NDP was delisted on the 20th of December, 2024.
About: Tortoise Energy Independence Fund, Inc. is a non-diversified closed-end management investment company. Its primary investment objective to seek a high level of total return with an emphasis on current distributions. The fund invests primarily in equity securities of upstream North American energy companies that engage in the exploration and production of crude oil, condensate, natural gas and natural gas liquids that generally have a presence in North American oil and gas fields, including shale reservoirs.
Financial journalist opinion
Neutral
Accesswire
3 months ago
Tortoise Capital Announces 2024 Closed-End Fund Tax Characterization of Distributions and Release of Combined Annual Report
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 / 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 of Capital 76 % 88 % 87 % 85 % 78 % 30 % Long-Term Capital Gain 0 % 0 % 0 % 0 % 0 % 0 % Additional information regarding the tax characterization of the 2024 distributions is available at www.TortoiseAdvisors.com. A copy of the information is also available upon request by calling (866) 362-9331.
Neutral
PRNewsWire
5 months ago
Tortoise Capital Announces Shareholder Approval of Closed-End Fund Mergers and Conversion to Actively Managed ETF
OVERLAND 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. 23, 2024.
Neutral
Accesswire
5 months ago
Tortoise Capital Announces Excise Distributions for NTG, TTP and NDP
Distribution 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.
Neutral
Accesswire
6 months ago
Tortoise Capital Announces Closed-End Fund Distributions
Distribution 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: Fund Ticker Distribution Amount Distribution Target of Average NAV Distribution Frequency Tortoise Energy Infrastructure Corp. TYG $0.78 7%-10% Quarterly Tortoise Midstream Energy Fund, Inc. NTG $0.81 7%-10% Quarterly Tortoise Pipeline & Energy Fund, Inc. TTP $0.59 7%-10% Quarterly Tortoise Energy Independence Fund, Inc. NDP $0.63 7%-10% Quarterly Tortoise Power and Energy Infrastructure Fund, Inc. TPZ $0.105 7%-10% Monthly Tortoise Sustainable and Social Impact Term Fund TEAF $0.09 6%-8% Monthly TYG, NTG, TTP, NDP and TPZ distributions are payable on Nov. 29, 2024, to shareholders of record on Nov. 22, 2024.
Neutral
Accesswire
6 months ago
Tortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of October 31, 2024, for TYG, NTG, TTP, NDP, TPZ and TEAF
OVERLAND 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.
Neutral
Accesswire
7 months ago
Tortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of September 30, 2024, for TYG, NTG, TTP, NDP, TPZ and TEAF
OVERLAND 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.
Neutral
Accesswire
8 months ago
Tortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of August 30, 2024, for TYG, NTG, TTP, NDP and TPZ
OVERLAND 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.
Neutral
Accesswire
9 months ago
Tortoise Capital Advisors Plans Merger of Three Closed-End Funds into Active ETF
Actively Managed ETF Aims to Offer Investors Greater Liquidity at Net Asset Value OVERLAND PARK, KS / ACCESSWIRE / August 6, 2024 / Tortoise Capital Advisors, L.L.C. (Tortoise Capital), a fund manager focused on traditional energy and power infrastructure investing, today announced its plans to merge three of its closed-end funds into a newly formed actively managed exchange-traded fund (ETF), Tortoise Power and Energy Infrastructure ETF.
Neutral
Accesswire
9 months ago
Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of July 31, 2024, for TYG, NTG, TTP, NDP and TPZ
OVERLAND 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.
Neutral
Accesswire
9 months ago
Tortoise Capital Releases Combined 2024 Closed-End Fund Semi-Annual Report
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) 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.
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