Tortoise Capital Announces Closed-End Fund Distributions
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Tortoise Capital has announced the distribution amounts and dates 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). The distributions are set to be paid on November 29, 2024, to shareholders of record on November 22, 2024.
November 05, 2024 | 12:30 pm
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POSITIVE IMPACT
Tortoise Energy Independence Fund, Inc. (NDP) announced a quarterly distribution of $0.63, targeting 7%-10% of average NAV.
The announcement of a distribution is positive, suggesting a stable return for investors. The target NAV percentage indicates a consistent yield.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Tortoise Midstream Energy Fund, Inc. (NTG) announced a quarterly distribution of $0.81, targeting 7%-10% of average NAV.
The distribution announcement is positive, indicating a consistent return for investors. The target percentage of NAV suggests a stable yield.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Tortoise Sustainable and Social Impact Term Fund (TEAF) announced a monthly distribution of $0.09, targeting 6%-8% of average NAV.
The distribution announcement is positive, indicating a return for investors. The target NAV percentage provides insight into expected yield.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Tortoise Power and Energy Infrastructure Fund, Inc. (TPZ) announced a monthly distribution of $0.105, targeting 7%-10% of average NAV.
The monthly distribution is a positive indicator for investors, providing regular income. The target NAV percentage suggests a stable yield.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Tortoise Pipeline & Energy Fund, Inc. (TTP) announced a quarterly distribution of $0.59, targeting 7%-10% of average NAV.
The distribution is a positive signal for investors, indicating a return on investment. The target NAV percentage provides insight into expected yield.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Tortoise Energy Infrastructure Corp. (TYG) announced a quarterly distribution of $0.78, targeting 7%-10% of average NAV.
The announcement of a distribution is generally positive for investors as it indicates a return on investment. The specific amount and target percentage of NAV provide clarity on expected returns.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100