TYG Stock Recent News

OVERLAND PARK, KS / ACCESSWIRE / October 1, 2024 / Tortoise Capital today announced the following unaudited balance sheet information and asset coverage ratio updates for closed-end funds TYG, NTG, TTP, NDP, TPZ and TEAF. Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of Sept.

Tortoise Energy Infrastructure Corporation offers exposure to midstream corporations and master limited partnerships without tax complications, making it suitable for retirement accounts and avoiding K-1 forms. The fund's current yield of 8.07% is slightly lower than peers, but its three-month 14.02% share price increase and 16.51% total return are impressive. The fund's portfolio includes top-performing midstream companies, and it maintains a conservative leverage strategy, enhancing stability and risk management.

OVERLAND PARK, KS / ACCESSWIRE / September 3, 2024 / Tortoise Capital today announced the following unaudited balance sheet information and asset coverage ratio updates for closed-end funds TYG, NTG, TTP, NDP and TPZ. Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of Aug. 30, 2024, the company's unaudited total assets were approximately $583.9 million and its unaudited net asset value was $460.9 million, or $42.82 per share.

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) OVERLAND PARK, KS / ACCESSWIRE / July 29, 2024 / Tortoise Capital today announced the release of the combined 2024 semi-annual stockholders' report including all of these funds. The semi-annual report is available online at cef.tortoiseadvisors.com.

Tortoise Energy Infrastructure Corporation is a closed-end fund with exposure to energy-related infrastructure investments, focused on natural gas. TYG has performed quite well since our prior update, and that could bode well for a distribution increase soon based on their managed distribution policy. Since our prior update, the fund's discount has narrowed, but still remains at a relatively attractive level for a long-term investor.

OVERLAND PARK, KS / ACCESSWIRE / July 1, 2024 / Tortoise today announced the following unaudited balance sheet information and asset coverage ratio updates for TYG, NTG, TTP, NDP and TPZ. Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of June 28, 2024, the company's unaudited total assets were approximately $554.1 million and its unaudited net asset value was $436.8 million, or $40.58 per share.

Tortoise Energy Infrastructure Corporation is a closed-end fund providing exposure to midstream master limited partnerships and energy corporations. The TYG closed-end fund's yield of 8.44% is competitive but lower than some peers, but it compares very well to the market. Despite historically lagging, the TYG CEF has outperformed indices and peers recently.

OVERLAND PARK, KS / ACCESSWIRE / June 3, 2024 / Tortoise today announced the following preliminary unaudited balance sheet information and asset coverage ratio updates for TYG, NTG, TTP, NDP and TPZ. Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of May 31, 2024, the company's unaudited total assets were approximately $553.7 million and its unaudited net asset value was $435.8 million, or $40.48 per share.

Tortoise Energy Infrastructure Corp. is a closed-end fund that invests in midstream and renewable energy companies to provide high current income. The fund has underperformed the S&P 500 Index and Alerian MLP Index since our last discussion, but its distributions have helped offset the underperformance. The fund's focus on renewable energy has contributed to its recent underperformance, as the sector has faced setbacks in an inflationary environment.

Tortoise Energy Infrastructure Corporation is a closed-end fund that provides access to a diversified portfolio of pipeline operators and renewable energy producers. The TYG closed-end fund offers a higher yield of 9.92% compared to other energy infrastructure funds. The fund's performance has been mediocre, but its leverage has decreased, and its net asset value has increased, making it potentially undervalued.