NDP: Potential Shake-Up On The Horizon [Seeking Alpha]
Tortoise Energy Independence Fund, Inc. (NDP)
US:NYSE Investor Relations:
closedendfunds.tortoiseadvisors.com/ndp/overview
Company Research
Source: Seeking Alpha
EIPI TTP TYG Nick Ackerman Investing Group Leader Follow Summary NDP has delivered attractive total return results since our prior update, driven by the energy sector's performance and a narrowing discount. The fund's leverage, high expense ratio, and small AUM pose risks that investors need to consider - but potential activist pressure could lead to changes coming soon. NDP's distribution is trading below the NAV target payout range of 7-10%, and that could indicate that it is due for an increase in its quarterly payout. This idea was discussed in more depth with members of my private investing community, CEF/ETF Income Laboratory. Learn More » onurdongel Written by Nick Ackerman, co-produced by Stanford Chemist It's been nearly a year since we last touched on the Tortoise Energy Independence Fund ( NYSE: NDP ). During this time, the fund delivered attractive total return results, and some of that was the result of the closed-end funds discount narrowing a bit.
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NDP
Sec Filings
- 9/10/24 - Form SC
- 9/3/24 - Form N-PX
- 8/21/24 - Form 3
- NDP's page on the SEC website