TYG Stock Recent News

Tortoise Energy Infrastructure Corporation focuses on investing in midstream companies and other energy infrastructure companies. Rising energy prices are driving the demand for energy production and infrastructure, potentially, leading to growth for the companies in which the fund invests. The TYG closed-end fund has a high dividend yield of 9.83% and a portfolio that includes a balance of natural gas-focused midstream companies and renewable energy and utility plays.

9 out of 22 CEF sectors positive on price and 12 out of 22 sectors positive on NAV. Tortoise tender offers are announced. Tender offers are part of the funds' discount management program.

Midstream MLPs have long been favorites of income investors due to their stable cash flows and very high yields. TYG invests in a portfolio of natural gas MLPs and renewable companies in an attempt to give investors exposure to the energy transition. The fund historically underperforms its benchmark indices by quite a lot, which is unfortunate.

TYG has seen its discount expand a bit since our last update. Energy and utilities were weaker performers in 2023 so far.

In light of dimming prospects for oil and gas, I've avoided adding funds that hold energy companies.

TYG's discount is heading back out wider after volatility in the energy sector, and their tender offer ends. The fund is attractively discounted for investors lacking some energy infrastructure exposure.

The markets have added to the gains they started in October. I add to my investments every month; however, this month, I did quite a bit of movement with several positions I sold too.

TYG's previously announced tender offer trigger has been sprung, creating a potential opportunity. This move will likely only appeal to those who are already shareholders or don't mind holding TYG due to its smaller repurchase amount.

TGY has had massive drawdowns, contrary to the investment strategy. TGY charges a very large Expense Ratio, reducing investor returns.