Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of May 31, 2021 for TYG, NTG, TTP, NDP, TPZ and TEAF
ACCESSWIRE
02 Jun 2021, 12:05 GMT+10
LEAWOOD, KS / ACCESSWIRE / June 1, 2021 / Tortoise today announced the following unaudited balance sheet information and asset coverage ratio updates for TYG, NTG, TTP, NDP, TPZ and TEAF.
Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of May 31, 2021, the company s unaudited total assets were approximately $580.6 million and its unaudited net asset value was $409.2 million, or $34.31 per share.
As of May 31, 2021, the company s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 468 percent, and its coverage ratio for preferred shares was 369 percent. For more information on the company s coverage ratios, please refer to the leverage summary web page at https://cef.tortoiseecofin.com.
Tortoise Pipeline & Energy Fund, Inc. and Tortoise Power and Energy Infrastructure Fund, Inc. Provide Section 19(a) Notice
($) Total Cumulative Distributions for the Fiscal Year to Date
% Breakdown of the Total Cumulative Distributions for the Fiscal Year to Date
Net Investment Income
0.1600
0.0000
100%
Average annual total return (in relation to NAV) for the 5 years ending on 4/30/2021
-11.89%
2.33%
38.45%
1.17%
Estimated Sources of Distributions
($) Total Cumulative Distributions for the Fiscal Year to Date
% Breakdown of the Total Cumulative Distributions for the Fiscal Year to Date
Net Investment Income
0.0335
0.0000
100%
Average annual total return (in relation to NAV) for the 5 years ending on 4/30/2021
1.33%
3.93%
19.85%
1.96%
You should not draw any conclusions about TTP or TPZ s investment performance from the amount of this distribution or from the terms of TTP and TPZ s distribution policies.
TortoiseEcofin Announces Constituent Change Due to Merger and Acquisition Activity
ACCESSWIRE
LEAWOOD, KS / ACCESSWIRE /
May 12, 2021 / TortoiseEcofin today announced that Aegion Corp (NASDAQ:AEGN) will be removed from the Ecofin Global Water ESG Index
SM (EGWESG) pending the close of the announced merger transaction with affiliates of New Mountain Capital, LLC. If approved, AEGN will be removed from the index at market open on Monday, May 17, 2021.
About TortoiseEcofin
TortoiseEcofin focuses on essential assets - those assets and services that are indispensable to the economy and society. We strive to make a positive impact on clients and communities by investing in energy infrastructure and the transition to cleaner energy and by providing capital for social impact projects focused on education and senior housing. TortoiseEcofin brings together strong legacies from Tortoise, with expertise investing across the energy value chain for more than 20 years, and from Ecofin, which
TortoiseEcofin Announces Constituent Change Due to Merger and Acquisition Activity
LEAWOOD, KS / ACCESSWIRE /
May 12, 2021 / TortoiseEcofin today announced that Aegion Corp (NASDAQ:AEGN) will be removed from the Ecofin Global Water ESG Index
SM (EGWESG) pending the close of the announced merger transaction with affiliates of New Mountain Capital, LLC. If approved, AEGN will be removed from the index at market open on Monday, May 17, 2021.
About TortoiseEcofin
TortoiseEcofin focuses on essential assets - those assets and services that are indispensable to the economy and society. We strive to make a positive impact on clients and communities by investing in energy infrastructure and the transition to cleaner energy and by providing capital for social impact projects focused on education and senior housing. TortoiseEcofin brings together strong legacies from Tortoise, with expertise investing across the energy value chain for more than 20 years, and from Ecofin, which unites ecolo
Tortoise Announces Distribution Amounts and Dates for Closed-End Funds Including Distribution Increase for TYG and NTG
Tortoise Energy Infrastructure Corp. (NYSE:TYG)
Tortoise Midstream Energy Fund, Inc. (NYSE:NTG)
Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP)
Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ)
Tortoise Essential Assets Income Term Fund (NYSE:TEAF)
LEAWOOD, KS / ACCESSWIRE / May 10, 2021 / Tortoise today announced that, due to continued NAV growth and a constructive outlook for the energy infrastructure sector, the Board approved an increase to quarterly distributions for TYG of 7.9% and NTG of 9.1%. Distributions for Tortoise closed-end funds are detailed below.
Fund
NTG
TTP