Tortoise Capital Announces Closed-End Fund Distributions

Tortoise Capital Announces Distribution Amounts for Closed-End Funds

Overview

Tortoise Capital has declared distributions for its closed-end funds, including Tortoise Energy Infrastructure Corp. (TYG), Tortoise Midstream Energy Fund, Inc. (NTG), Tortoise Pipeline & Energy Fund, Inc. (TTP), Tortoise Energy Independence Fund, Inc. (NDP), Tortoise Power and Energy Infrastructure Fund, Inc. (TPZ), and Tortoise Sustainable and Social Impact Term Fund (TEAF).

Distribution Details

The distribution amounts and dates for each fund are as follows:

Tortoise Energy Infrastructure Corp. (TYG)

Distribution Amount: $0.78

Distribution Target of Average NAV: 7%-10%

Distribution Frequency: Quarterly

Tortoise Midstream Energy Fund, Inc. (NTG)

Distribution Amount: $0.81

Distribution Target of Average NAV: 7%-10%

Distribution Frequency: Quarterly

Tortoise Pipeline & Energy Fund, Inc. (TTP)

Distribution Amount: $0.59

Distribution Target of Average NAV: 7%-10%

Distribution Frequency: Quarterly

Tortoise Energy Independence Fund, Inc. (NDP)

Distribution Amount: $0.63

Distribution Target of Average NAV: 7%-10%

Distribution Frequency: Quarterly

Tortoise Power and Energy Infrastructure Fund, Inc. (TPZ)

Distribution Amount: $0.105

Distribution Target of Average NAV: 7%-10%

Distribution Frequency: Monthly

Tortoise Sustainable and Social Impact Term Fund (TEAF)

Distribution Amount: $0.09

Distribution Target of Average NAV: 6%-8%

Distribution Frequency: Monthly

Impact on Shareholders

Based on the distribution amounts and dates announced by Tortoise Capital, shareholders of TYG, NTG, TTP, NDP, and TPZ can expect distributions payable on Nov. 29, 2024, to shareholders of record on Nov. 22, 2024.

Impact on the World

The distributions declared by Tortoise Capital’s closed-end funds can have a broader impact on the energy infrastructure sector and the sustainable and social impact investment space. By providing consistent distributions to shareholders, Tortoise Capital is aligning with its mission to support long-term growth and profitability while also making a positive impact on society and the environment.

Conclusion

Overall, the distribution amounts and dates declared by Tortoise Capital for its closed-end funds demonstrate a commitment to providing value to shareholders and promoting sustainable and socially responsible investing practices. Shareholders can look forward to receiving distributions in the coming months, while the world benefits from investments that support both financial returns and positive societal impact.

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