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OVERLAND PARK, KS / ACCESS Newswire / June 2, 2025 / Tortoise Capital today announced the following unaudited balance sheet information and asset coverage ratio updates for closed-end funds TYG and TEAF. Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of May 30, 2025, the company's unaudited total assets were approximately $969.2 million and its unaudited net asset value was $772.2 million, or $44.80 per share.
TYG trades at a 9.4% discount to its NAV, narrower than historical averages, offering potential for price appreciation as market sentiment improves in the energy infrastructure sector. With a 10.7% distribution rate, TYG is a compelling choice for income-focused investors, though reliance on return of capital requires monitoring for sustainability. TYG's diversified exposure to natural gas (57%), power (28%), and liquids (15%) infrastructure positions it to capitalize on stable, fee-based cash flows and growing energy demand.
Midstream energy CEFs have underperformed expectations, due to global economic uncertainty, falling oil prices, and recent tariff concerns. Most funds (EMO, KYN, SRV) are rated Hold, due to narrowing discounts, declining NAVs, and ongoing volatility in energy demand. NML stands out with a wider-than-average discount and rebounding NAV, making it a potential Buy, but short-term risks remain.
OVERLAND PARK, KS / ACCESS Newswire / May 1, 2025 / Tortoise Capital today announced the following unaudited balance sheet information and asset coverage ratio updates for closed-end funds TYG and TEAF. Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of Apr. 30, 2025, the company's unaudited total assets were approximately $945.9 million and its unaudited net asset value was $752.2 million, or $43.64 per share.
10 out of 22 CEF sectors were positive on price and 5 out of 22 sectors were positive on NAV last week. Herzfeld Caribbean Basin Fund is jumping on the CLO bandwagon. CLM/CRF announces a rights offering.
WHITBY, Ontario, April 10, 2025 (GLOBE NEWSWIRE) -- TYG Training (TYG) has officially opened its first Canadian location in Whitby at 910 Dundas St W, Unit 104 — a boutique strength and conditioning club designed for all fitness levels and age groups (16+). As the first TYG franchise in Canada, the club introduces TYG's signature approach to the Durham Region: a science-backed strength and conditioning program delivered in a supportive, community-first environment.
Infrastructure investments can offer steady cash flows, with utility companies and pipelines providing reliable payouts, making them attractive for income investors. Within the space, there are many choices to choose from in a variety of investment wrappers, but we are highlighting two different infrastructure-focused closed-end funds today. These two are attractive based on valuation, underlying portfolio and distributions, with the monthly distributions being particularly enticing for income-focused investors.
OVERLAND PARK, KS / ACCESS Newswire / April 1, 2025 / Tortoise Capital today announced the following unaudited balance sheet information and asset coverage ratio updates for closed-end funds TYG and TEAF. Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of Mar. 31, 2025, the company's unaudited total assets were approximately $1.0 billion and its unaudited net asset value was $822.4 million, or $47.72 per share.
Tortoise Energy Infrastructure Corporation offers high income and diversified exposure to energy infrastructure, including both MLPs and corporations, making it more versatile than the Alerian MLP Index. The fund's recent performance has been solid, outperforming the S&P 500 Index but slightly underperforming the Alerian MLP Index due to recent market fluctuations. Tortoise Energy Infrastructure Corporation's 10.80% yield is competitive, though its restrictive investment policy limits MLP exposure, potentially impacting income generation.
OVERLAND PARK, KS / ACCESS Newswire / March 3, 2025 / Tortoise Capital today announced the following unaudited balance sheet information and asset coverage ratio updates for closed-end funds TYG and TEAF. Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of Feb. 28, 2025, the company's unaudited total assets were approximately $1.1 billion and its unaudited net asset value was $836.1 million, or $48.51 per share.