Tortoise Energy Infrastructure Corp (N:TYG)

Business Focus: Closed End Funds

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Sector: Financials	Industry: Closed End Funds

See Regulatory Filings on SEC

Company Contact

Address:	6363 College Boulevard, Suite 100A OVERLAND PARK KS 66211
Tel:	N/A
Website:	https://cef.tortoiseecofin.com/funds/tyg
IR:	See website

Key People

H. Kevin Birzer Chairman of the Board	Matthew G. P. Sallee President	Courtney Gengler Chief Executive Officer
Sean Wickliffe Principal Financial Officer, Treasurer	Diane M. Bono Chief Compliance Officer, Secretary	Shobana Gopal Vice President

Business Overview

Tortoise Energy Infrastructure Corporation (TYG) is a non-diversified, closed-end management investment company. TYG's investment objective is to seek a high level of total return with an emphasis on current distributions paid to stockholders. Under normal circumstances, TYG invests at least 90% of its total investments, defined as the value of all investments reported as total investments in its schedule of investments, in securities of energy infrastructure companies. TYG may invest up to 30% of its total investments in restricted securities, primarily through direct placements. The aggregate of all of TYG's investments in private companies that do not have any publicly traded shares or units are limited to 5% of its total investments. TYG may invest up to 25% of its total investments in debt securities of energy infrastructure companies, including certain securities rated below investment grade (junk bonds). TYG's investment adviser is Tortoise Capital Advisors, L.L.C.

Financial Overview

For the fiscal year ended 30 November 2023, Tortoise Energy Infrastructure Corp revenues increased 20% to $15.8M. Net loss totaled $15.6M vs. income of $103.3M. Revenues reflect Less- Returns of Capital on Distribution increase of 24% to -$11.3M, Dividends and distributions from common increase of 5% to $17.1M, Other income increase from $0K to $41K. Net loss reflects Net realized gain (loss) on investments decrease of 71% to $35.4M (income).

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