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    Tortoise Energy Independence Fund Inc.

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    Finance/Investors Services
    Finance

    Tortoise Energy Independence Fund, Inc. is a close ended equity mutual fund launched and managed by Tortoise Capital Advisors L.L.C. The fund invests in the public equity markets of the North American. It seeks to invest primarily in the energy sector. The fund employs a fundamental analysis with a bottom up stock picking approach with focus on factors like quantitative, qualitative, and relative value factors to create its portfolio. Tortoise Energy Independence Fund, Inc. was formed on July 26, 2005 2012 is domiciled in the United States.

    IPO Year: 2012

    Exchange: NYSE

    Website: tortoiseadvisors.com/ndp.cfm

    Recent Analyst Ratings for Tortoise Energy Independence Fund Inc.

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    Tortoise Energy Independence Fund Inc. Leadership Updates

    Live Leadership Updates

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    • TortoiseEcofin Appoints New Principal Financial Officer and Treasurer for its Closed-End Funds

      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) TortoiseEcofin today announced the appointment of Courtney Gengler, CPA as Principal Financial Officer and Treasurer for its closed-end funds effective July 14, 2021. This change will allow Brad Adams, recently serving in this role, to focus entirely on his responsibilities as CEO for the closed-end funds and pass the primary responsibility for financial filings and the re

      7/20/21 6:30:00 AM ET
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    Tortoise Energy Independence Fund Inc. Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

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    • Large owner Saba Capital Management, L.P. disposed of $4,785,105 worth of shares (169,805 units at $28.18) (SEC Form 4)

      4 - TORTOISE ENERGY INDEPENDENCE FUND, INC. (0001547158) (Issuer)

      12/27/24 3:01:27 PM ET
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    • SEC Form 3 filed by Tortoise Energy Independence Fund Inc.

      3 - TORTOISE ENERGY INDEPENDENCE FUND, INC. (0001547158) (Issuer)

      8/21/24 9:30:16 AM ET
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    • New insider Saba Capital Management, L.P. claimed ownership of 169,805 shares (SEC Form 3)

      3 - TORTOISE ENERGY INDEPENDENCE FUND, INC. (0001547158) (Issuer)

      6/18/24 10:13:00 AM ET
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    • Ciccotello Conrad S bought $11,752 worth of shares (400 units at $29.38), increasing direct ownership by 22% to 2,180 units (SEC Form 4)

      4 - TORTOISE ENERGY INDEPENDENCE FUND, INC. (0001547158) (Issuer)

      1/10/24 3:33:46 PM ET
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    • SEC Form 4: Ciccotello Conrad S bought $5,892 worth of shares (200 units at $29.46), increasing direct ownership by 14% to 1,640 units

      4 - TORTOISE ENERGY INDEPENDENCE FUND, INC. (0001547158) (Issuer)

      2/28/23 5:12:15 PM ET
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    • SEC Form 4: Ciccotello Conrad S bought $8,208 worth of shares (300 units at $27.36), increasing direct ownership by 27% to 1,415 units

      4 - TORTOISE ENERGY INDEPENDENCE FUND, INC. (0001547158) (Issuer)

      9/27/22 12:25:31 PM ET
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    • SEC Form 4: Paquette Jennifer bought $695 worth of shares (25 units at $27.80), increasing direct ownership by 16% to 179 units

      4 - TORTOISE ENERGY INDEPENDENCE FUND, INC. (0001547158) (Issuer)

      6/17/22 12:40:25 PM ET
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    • SEC Form 4: Gopal Shobana sold $17 worth of shares (1 units at $19.16), decreasing direct ownership by 0.74% to 120 units

      4 - TORTOISE ENERGY INDEPENDENCE FUND, INC. (0001547158) (Issuer)

      6/6/22 12:39:15 PM ET
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    • SEC Form 4: Paquette Jennifer bought $714 worth of shares (25 units at $28.55), increasing direct ownership by 19% to 154 units

      4 - TORTOISE ENERGY INDEPENDENCE FUND, INC. (0001547158) (Issuer)

      3/21/22 2:00:15 PM ET
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    • SEC Form 4: Birzer H Kevin bought $2,784 worth of shares (100 units at $27.84), increasing direct ownership by 6% to 1,793 units

      4 - TORTOISE ENERGY INDEPENDENCE FUND, INC. (0001547158) (Issuer)

      2/2/22 6:27:07 PM ET
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    Tortoise Energy Independence Fund Inc. SEC Filings

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    • Amendment: SEC Form SCHEDULE 13D/A filed by Tortoise Energy Independence Fund Inc.

      SCHEDULE 13D/A - TORTOISE ENERGY INDEPENDENCE FUND, INC. (0001547158) (Subject)

      1/3/25 6:09:53 PM ET
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    • SEC Form 25-NSE filed by Tortoise Energy Independence Fund Inc.

      25-NSE - TORTOISE ENERGY INDEPENDENCE FUND, INC. (0001547158) (Subject)

      12/23/24 1:54:48 PM ET
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    • SEC Form 425 filed by Tortoise Energy Independence Fund Inc.

      425 - TORTOISE ENERGY INDEPENDENCE FUND, INC. (0001547158) (Subject)

      11/25/24 4:35:27 PM ET
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    • Tortoise Energy Independence Fund Inc. filed SEC Form 8-K: Other Events

      8-K - TORTOISE ENERGY INDEPENDENCE FUND, INC. (0001547158) (Filer)

      11/25/24 4:34:36 PM ET
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    • SEC Form N-PX filed by Tortoise Energy Independence Fund Inc.

      N-PX - TORTOISE ENERGY INDEPENDENCE FUND, INC. (0001547158) (Filer)

      9/3/24 11:38:59 AM ET
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    • SEC Form N-CSRS filed by Tortoise Energy Independence Fund Inc.

      N-CSRS - TORTOISE ENERGY INDEPENDENCE FUND, INC. (0001547158) (Filer)

      8/8/24 4:34:30 PM ET
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    • SEC Form DEFA14A filed by Tortoise Energy Independence Fund Inc.

      DEFA14A - TORTOISE ENERGY INDEPENDENCE FUND, INC. (0001547158) (Filer)

      7/16/24 5:13:15 PM ET
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    • SEC Form DEFC14A filed by Tortoise Energy Independence Fund Inc.

      DEFC14A - TORTOISE ENERGY INDEPENDENCE FUND, INC. (0001547158) (Subject)

      7/8/24 5:17:35 PM ET
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    • SEC Form PRER14A filed by Tortoise Energy Independence Fund Inc.

      PRER14A - TORTOISE ENERGY INDEPENDENCE FUND, INC. (0001547158) (Filer)

      7/1/24 9:56:15 PM ET
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    • SEC Form PRER14A filed by Tortoise Energy Independence Fund Inc.

      PRER14A - TORTOISE ENERGY INDEPENDENCE FUND, INC. (0001547158) (Filer)

      6/27/24 11:02:34 AM ET
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    Tortoise Energy Independence Fund Inc. Press Releases

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    • Tortoise Capital Completes Merger of Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ), Tortoise Pipeline & Energy Fund, Inc. (NYSE: TTP), and Tortoise Energy Independence Fund, Inc. (NYSE: NDP) and Conversion to Actively Managed ETF

      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 of three closed-end funds and conversion to an actively managed exchanged-traded fund (ETF).Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ), Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP), and Tortoise Energy Independence Fund, Inc. (NYSE:NDP) have merged into a newly formed ETF, with TPZ emerging as the surviving strategy.The Tortoise Power and Energy Infrastructure Fund (NYSE:TPZ) is adopting the accounting and performance history of the closed-end fund, offering continuit

      12/23/24 7:45:00 AM ET
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    • 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. 2

      12/5/24 6:03:00 PM ET
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    • Tortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of November 29, 2024, for TYG, NTG, TTP, NDP, TPZ and TEAF

      OVERLAND 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

      12/2/24 7:50:00 PM ET
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    • 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.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,

      11/25/24 6:54:00 PM ET
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    • 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:FundTickerDistributionAmountDistribution Target of Average NAVDistributionFrequencyTortoise Energy Infrastructure Corp.TYG$0.787%-10%QuarterlyTor

      11/4/24 5:00:00 PM ET
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    • 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.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

      11/1/24 6:20:00 PM ET
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    • 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. 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

      10/1/24 8:00:00 PM ET
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    • 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.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

      9/3/24 7:15:00 PM ET
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    • Tortoise Capital Announces Closed-End Fund Distributions Including Increases for TYG and NTG

      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)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

      8/9/24 8:45:00 AM ET
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    • 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.The three similar funds merging into an active ETF are Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ), Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP), and Tortoise Energy Independence Fund, Inc. (NYSE:NDP), with TPZ as the surviving strateg

      8/6/24 9:30:00 AM ET
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    Tortoise Energy Independence Fund Inc. Large Ownership Changes

    This live feed shows all institutional transactions in real time.

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    • Amendment: SEC Form SC 13G/A filed by Tortoise Energy Independence Fund Inc.

      SC 13G/A - TORTOISE ENERGY INDEPENDENCE FUND, INC. (0001547158) (Subject)

      10/2/24 4:00:03 PM ET
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    • Amendment: SEC Form SC 13D/A filed by Tortoise Energy Independence Fund Inc.

      SC 13D/A - TORTOISE ENERGY INDEPENDENCE FUND, INC. (0001547158) (Subject)

      9/10/24 5:00:12 PM ET
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    • SEC Form SC 13G/A filed by Tortoise Energy Independence Fund Inc. (Amendment)

      SC 13G/A - TORTOISE ENERGY INDEPENDENCE FUND, INC. (0001547158) (Subject)

      1/29/24 11:47:16 AM ET
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    • SEC Form SC 13D/A filed by Tortoise Energy Independence Fund Inc. (Amendment)

      SC 13D/A - TORTOISE ENERGY INDEPENDENCE FUND, INC. (0001547158) (Subject)

      1/22/24 4:55:09 PM ET
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    • SEC Form SC 13G/A filed by Tortoise Energy Independence Fund Inc. (Amendment)

      SC 13G/A - TORTOISE ENERGY INDEPENDENCE FUND, INC. (0001547158) (Subject)

      1/17/24 4:00:02 PM ET
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    • SEC Form SC 13D/A filed by Tortoise Energy Independence Fund Inc. (Amendment)

      SC 13D/A - TORTOISE ENERGY INDEPENDENCE FUND, INC. (0001547158) (Subject)

      1/9/24 8:26:11 AM ET
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    • SEC Form SC 13D/A filed by Tortoise Energy Independence Fund Inc. (Amendment)

      SC 13D/A - TORTOISE ENERGY INDEPENDENCE FUND, INC. (0001547158) (Subject)

      12/11/23 5:15:44 PM ET
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    • SEC Form SC 13G/A filed by Tortoise Energy Independence Fund Inc. (Amendment)

      SC 13G/A - TORTOISE ENERGY INDEPENDENCE FUND, INC. (0001547158) (Subject)

      12/5/23 4:05:05 PM ET
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    • SEC Form SC 13D/A filed by Tortoise Energy Independence Fund Inc. (Amendment)

      SC 13D/A - TORTOISE ENERGY INDEPENDENCE FUND, INC. (0001547158) (Subject)

      11/28/23 11:29:46 AM ET
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    • SEC Form SC 13D/A filed by Tortoise Energy Independence Fund Inc. (Amendment)

      SC 13D/A - TORTOISE ENERGY INDEPENDENCE FUND, INC. (0001547158) (Subject)

      11/13/23 11:59:35 AM ET
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    Tortoise Energy Independence Fund Inc. Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

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    • Ciccotello Conrad S bought $11,752 worth of shares (400 units at $29.38), increasing direct ownership by 22% to 2,180 units (SEC Form 4)

      4 - TORTOISE ENERGY INDEPENDENCE FUND, INC. (0001547158) (Issuer)

      1/10/24 3:33:46 PM ET
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    Tortoise Energy Independence Fund Inc. Financials

    Live finance-specific insights

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    • 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.The three similar funds merging into an active ETF are Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ), Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP), and Tortoise Energy Independence Fund, Inc. (NYSE:NDP), with TPZ as the surviving strateg

      8/6/24 9:30:00 AM ET
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    • 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, Kan., Aug. 6, 2024 /PRNewswire/ -- 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. The three similar funds merging into an active ETF are Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ), Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP), and Tortoise Energy Independence Fund, Inc. (NYSE:NDP), with TPZ as the surviving str

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    • Tortoise Announces 2023 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)OVERLAND PARK, KS / ACCESSWIRE / January 30, 2024 / Tortoise today announced the tax characterization of 2023 distributions paid to common stockholders of each of the funds listed below:2023 Tax Characterization of Distributions TYGNTGTTPNDPTPZQualified Dividend Income40%46%22%30%16%Ordinary Dividend Income18%7%0%0%33%Return of Capital42%47%78%70%51%Long-Term Capital Gain0%0%0%0%0%Additional information regarding the tax characterization of t

      1/30/24 12:50:00 AM ET
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    • Tortoise Announces 2022 Closed-End Fund Tax Characterization of Distributions and Release of Annual Report

      OVERLAND PARK, KS / ACCESSWIRE / February 7, 2023 / Tortoise today announced the tax characterization of 2022 distributions paid to common stockholders of each of the following funds: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)2022 Tax Characterization of Distributions TYGNTGTTPNDPTPZQualified Dividend Income100%100%21%40%11%Ordinary Dividend Income0%0%0%0%17%Return of Capital0%0%79%60%72%Long-Term Capital Gain0%0%0%0%0%Additional information regarding the tax characterization of the 2

      2/7/23 6:55:00 PM ET
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    • Tortoise Announces Distribution Amounts for Its Closed-End Funds

      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)OVERLAND PARK, KS / ACCESSWIRE / November 8, 2022 / Tortoise and the Board of its closed-end funds announced distributions for its closed-end funds.Tortoise closed-end funds distribution details are as follows:FundTickerDistributionAmountDistributionFrequencyTortoise Energy Infrastructure Corp.TYG$0.71QuarterlyTortoise Midstream Energy Fund, Inc.NTG$0.77QuarterlyTortoise Pipeline & Energy Fund, Inc.

      11/8/22 4:35:00 PM ET
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    • TortoiseEcofin Announces 2021 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) TortoiseEcofin today announced the tax characterization of 2021 distributions paid to common stockholders of each of the funds listed below: 2021 Tax Characterization of Distributions   TYG   NTG   TTP   NDP   TPZ Qualified Dividend Income 100%   100%   0%   8%   16% Ordinary Dividend Income 0%   0%   0%   0%   29% Return of Capit

      1/29/22 4:20:00 PM ET
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    • TortoiseEcofin Announces Distribution Amounts and Dates for Closed-End Funds Including Further Increases for TYG and NTG

      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) TortoiseEcofin and the Board of its closed-end funds today announced a fourth consecutive and noteworthy increase to quarterly distributions for TYG and NTG of 23.3% and 48.1%, respectively. As previously announced, TTP, NDP and TPZ have adopted managed distribution policies and those distribution amounts will be reviewed in February 2022, in accordance with their policies. "The distributio

      11/9/21 6:43:00 PM ET
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    • Aristides Capital Issues Open Letter to Shareholders of Tortoise Energy Fund

      NEW YORK, March 19, 2021 (GLOBE NEWSWIRE) -- Aristides Capital LLC, which together with its affiliates beneficially owns 304,131 shares of the outstanding common stock of Tortoise Energy Independence Fund, Inc. (NYSE: NDP), today issued a public letter to NDP’s shareholders outlining its concerns regarding the proposed merger with Tortoise Pipeline & Energy Fund, Inc. (NYSE: TTP) and announcing that it would be voting against the proposed merger. The full text of the letter follows: March 19, 2021 Fellow NDP Shareholders: Tortoise Energy Independence Fund, Inc. (“NDP” or the “Fund”) announced in November that its board of directors (the “Board”) has recommended merging NDP shares into

      3/19/21 8:00:00 AM ET
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