• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    Tortoise Energy Infrastructure Total Return Fund (TORIX/TORTX/TORCX) Announces Quarterly Distribution Increase

    2/27/24 4:00:00 PM ET
    $TPZ
    Investment Managers
    Finance
    Get the next $TPZ alert in real time by email

    OVERLAND PARK, KS / ACCESSWIRE / February 27, 2024 / Tortoise Energy Infrastructure Total Return Fund (NASDAQ:TORIX) announced a quarterly distribution of $0.1980 per share, which is a notable increase quarter-over-quarter.

    Within the energy infrastructure sector, the trend of free cash flow increasingly directed towards share buybacks and improved current yield has continued. As a result, we are passing along the value from higher distribution growth to our shareholders.

    We now have greater conviction in potential 5-7% sector growth over the medium-term. "Based on longer-dated guidance and disciplined capital return policies, energy infrastructure management teams are increasingly confident in the outlook for the next several years, not just the year ahead," said Brian Kessens, Senior Portfolio Manager, Managing Director.

    Tortoise believes it can return dividends and distributions to shareholders in the form of a quarterly payout going forward. The fund continues to invest for total return.

    Distribution Date and Amounts

    Tortoise Energy Infrastructure Total Return Fund paid the following distributions on February 22, 2024, to shareholders of record on February 21, 2024.

    Share ClassAmount
    TORIX$0.1980
    TORTX$0.1980
    TORCX$0.1980

    About Tortoise

    Tortoise focuses on energy & power infrastructure and the transition to cleaner energy. Tortoise's track record of energy value chain investment experience and research dates back more than 20 years. As an early investor in midstream energy, Tortoise believes it is well-positioned to be at the forefront of the global energy evolution that is underway. With a steady wins approach and a long-term perspective, Tortoise strives to make a positive impact on clients and communities. To learn more, please visit www.tortoiseadvisors.com.

    About Tortoise Energy Infrastructure Total Return Fund

    The Tortoise Energy Infrastructure Total Return Fund focuses on the large and diverse North American pipeline universe. The fund invests primarily in equity securities of energy infrastructure companies that process, store, transport and market natural gas, natural gas liquids, refined products and crude oil (i.e., midstream infrastructure) as well as generate, transport and distribute electricity (i.e., power & renewable infrastructure)."

    Disclosures

    TCA Advisors is the adviser to the Tortoise Energy Infrastructure Total Return Fund.

    Quasar Distributors, LLC, distributor.

    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. Distributions are not guaranteed. Please consult the prospectus for additional information.

    The fund's investment objectives, risks, charges and expenses must be considered carefully before investing. The summary and statutory prospectus contains this and other important information about the fund and may be obtained by calling 855-TCA-FUND (855-822-3863) or visiting www.TortoiseAdvisors.com. Read it carefully before investing.

    Mutual fund investing involves risk. Principal loss is possible.

    Free cash flow is the cash a company produces through its operations, less the cost of total capital expenditures (growth and maintenance).

    Safe Harbor Statement

    This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.

    Forward-looking statement

    This press release contains certain statements that may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although Tortoise believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the company's reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, Tortoise does not assume a duty to update this forward-looking statement.

    Contact Information

    For more information contact Eva Lipner at (913) 981-1020 or [email protected].

    SOURCE: Tortoise



    View the original press release on accesswire.com

    Get the next $TPZ alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $TPZ

    DatePrice TargetRatingAnalyst
    3/2/2022$22.50 → $25.00Outperform
    RBC Capital
    More analyst ratings

    $TPZ
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • RBC Capital reiterated coverage on Topaz Energy with a new price target

      RBC Capital reiterated coverage of Topaz Energy with a rating of Outperform and set a new price target of $25.00 from $22.50 previously

      3/2/22 7:21:31 AM ET
      $TPZ
      Investment Managers
      Finance
    • Tortoise Power & Energy upgraded by RBC Capital with a new price target

      RBC Capital upgraded Tortoise Power & Energy from Sector Perform to Outperform and set a new price target of $19.00 from $17.50 previously

      6/9/21 7:20:50 AM ET
      $TPZ
      Investment Managers
      Finance

    $TPZ
    SEC Filings

    See more
    • SEC Form 25-NSE filed by Tortoise Power and Energy Infrastructure Fund Inc

      25-NSE - TORTOISE POWER & ENERGY INFRASTRUCTURE FUND INC (0001408201) (Subject)

      12/23/24 1:57:06 PM ET
      $TPZ
      Investment Managers
      Finance
    • SEC Form 425 filed by Tortoise Power and Energy Infrastructure Fund Inc

      425 - TORTOISE POWER & ENERGY INFRASTRUCTURE FUND INC (0001408201) (Subject)

      11/25/24 4:30:52 PM ET
      $TPZ
      Investment Managers
      Finance
    • Tortoise Power and Energy Infrastructure Fund Inc filed SEC Form 8-K: Other Events

      8-K - TORTOISE POWER & ENERGY INFRASTRUCTURE FUND INC (0001408201) (Filer)

      11/25/24 4:30:00 PM ET
      $TPZ
      Investment Managers
      Finance

    $TPZ
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • 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
      $NDP
      $TEAF
      $TPZ
      $TTP
      Finance/Investors Services
      Finance
      Trusts Except Educational Religious and Charitable
      Investment Managers
    • Tortoise Capital Announces Index Updates for Fourth Quarter 2024

      OVERLAND PARK, KS / ACCESSWIRE / December 13, 2024 / Tortoise Capital today announced upcoming additions and deletions to its indices as part of its regular quarterly rebalancing for the fourth quarter of 2024. Following the close of trading on Friday, Dec. 20, 2024, the indices will be rebalanced according to their stated methodologies and as a result, the following changes will become effective.Tortoise MLP Index ®(TMLP/TMLPT)ActionCompanyTicker No Changes Tortoise North American Pipeline IndexSM(TNAP/TNAPT)ActionCompanyTicker No Changes Tortoise Global Water ESG IndexSM(TGWESG/TGWESGT)ActionCompanyTickerAdditionCalifornia Water Service GroupCWTTortoise Decarbonization Infrastructure Index

      12/13/24 4:00:00 PM ET
      $EOSE
      $EVGO
      $TPZ
      Industrial Machinery/Components
      Miscellaneous
      EDP Services
      Technology
    • Tortoise Pipeline & Energy Fund, Inc. Provides Section 19(a) Notice

      OVERLAND PARK, KS / ACCESSWIRE / December 13, 2024 / This required notice under Section 19(a) of the Investment Company Act of 1940 provides stockholders of Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) with information regarding the sources of the distributions paid on Dec 13, 2024, and cumulative distributions paid fiscal year-to-date.The following table sets forth the estimated amounts of the current distributions, payable Dec. 13, 2024, and the cumulative distributions paid this fiscal year to date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains and return of capital. All amounts are expressed per common sh

      12/13/24 4:00:00 PM ET
      $TPZ
      $TTP
      Investment Managers
      Finance
      Trusts Except Educational Religious and Charitable

    $TPZ
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more

    $TPZ
    Financials

    Live finance-specific insights

    See more
    • SEC Form SC 13G filed by Tortoise Power and Energy Infrastructure Fund Inc

      SC 13G - TORTOISE POWER & ENERGY INFRASTRUCTURE FUND INC (0001408201) (Subject)

      2/12/24 5:36:54 PM ET
      $TPZ
      Investment Managers
      Finance
    • SEC Form SC 13D filed by Tortoise Power and Energy Infrastructure Fund Inc

      SC 13D - TORTOISE POWER & ENERGY INFRASTRUCTURE FUND INC (0001408201) (Subject)

      1/22/24 4:07:23 PM ET
      $TPZ
      Investment Managers
      Finance
    • SEC Form SC 13G filed by Tortoise Power and Energy Infrastructure Fund Inc

      SC 13G - TORTOISE POWER & ENERGY INFRASTRUCTURE FUND INC (0001408201) (Subject)

      2/2/23 12:05:45 PM ET
      $TPZ
      Investment Managers
      Finance
    • 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
      $NDP
      $TPZ
      $TTP
      Finance/Investors Services
      Finance
      Investment Managers
      Trusts Except Educational Religious and Charitable
    • 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

      8/6/24 8:45:00 AM ET
      $NDP
      $TPZ
      $TTP
      Finance/Investors Services
      Finance
      Investment Managers
      Trusts Except Educational Religious and Charitable
    • Tortoise Energy Infrastructure Total Return Fund (TORIX/TORTX/TORCX) Announces Quarterly Distribution Increase

      OVERLAND PARK, KS / ACCESSWIRE / February 27, 2024 / Tortoise Energy Infrastructure Total Return Fund (NASDAQ:TORIX) announced a quarterly distribution of $0.1980 per share, which is a notable increase quarter-over-quarter.Within the energy infrastructure sector, the trend of free cash flow increasingly directed towards share buybacks and improved current yield has continued. As a result, we are passing along the value from higher distribution growth to our shareholders.We now have greater conviction in potential 5-7% sector growth over the medium-term. "Based on longer-dated guidance and disciplined capital return policies, energy infrastructure management teams are increasingly confident i

      2/27/24 4:00:00 PM ET
      $TPZ
      Investment Managers
      Finance

    $TPZ
    Insider Trading

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

    See more
    • Large owner Saba Capital Management, L.P. bought $4,785,491 worth of shares (347,278 units at $13.78) and sold $20,090,000 worth of shares (1,000,000 units at $20.09) (SEC Form 4)

      4 - TORTOISE POWER & ENERGY INFRASTRUCTURE FUND INC (0001408201) (Issuer)

      12/31/24 12:57:24 PM ET
      $TPZ
      Investment Managers
      Finance
    • New insider Saba Capital Management, L.P. claimed ownership of 663,956 shares (SEC Form 3)

      3 - TORTOISE POWER & ENERGY INFRASTRUCTURE FUND INC (0001408201) (Issuer)

      12/30/24 1:50:30 PM ET
      $TPZ
      Investment Managers
      Finance
    • SEC Form 4: Ciccotello Conrad S bought $49,753 worth of shares (3,900 units at $12.76), increasing direct ownership by 63% to 10,093 units

      4 - TORTOISE POWER & ENERGY INFRASTRUCTURE FUND INC (0001408201) (Issuer)

      12/29/22 11:52:19 AM ET
      $TPZ
      Investment Managers
      Finance

    $TPZ
    Leadership Updates

    Live Leadership Updates

    See more
    • 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
      $TYG
      $TPZ
      $NTG
      $TEAF
      Investment Managers
      Finance
      Finance Companies
      Trusts Except Educational Religious and Charitable

    $TPZ
    Insider Purchases

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

    See more
    • Large owner Saba Capital Management, L.P. bought $4,785,491 worth of shares (347,278 units at $13.78) and sold $20,090,000 worth of shares (1,000,000 units at $20.09) (SEC Form 4)

      4 - TORTOISE POWER & ENERGY INFRASTRUCTURE FUND INC (0001408201) (Issuer)

      12/31/24 12:57:24 PM ET
      $TPZ
      Investment Managers
      Finance