Tortoise Capital Converts Closed-End Funds Into Active Energy ETF
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Tortoise Capital Advisors has merged three closed-end funds into a single active energy ETF. The funds involved are Tortoise Power and Energy Infrastructure Fund, Inc. (TPZ), Tortoise Pipeline & Energy Fund, Inc. (TTP), and Tortoise Energy Independence Fund, Inc. (NDP).
December 23, 2024 | 5:45 pm
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NEUTRAL IMPACT
Tortoise Energy Independence Fund, Inc. (NDP) has been merged into a new active energy ETF by Tortoise Capital Advisors.
The merger of NDP into an active ETF may not immediately impact its price as it is now part of a larger fund structure. However, the change in structure could affect investor perception and future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Tortoise Power and Energy Infrastructure Fund, Inc. (TPZ) has been merged into a new active energy ETF by Tortoise Capital Advisors.
The merger of TPZ into an active ETF may not immediately impact its price as it is now part of a larger fund structure. However, the change in structure could affect investor perception and future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Tortoise Pipeline & Energy Fund, Inc. (TTP) has been merged into a new active energy ETF by Tortoise Capital Advisors.
The merger of TTP into an active ETF may not immediately impact its price as it is now part of a larger fund structure. However, the change in structure could affect investor perception and future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100