Tortoise Capital Completes Merger of Tortoise Energy Infrastructure Corp. (NYSE: TYG) and Tortoise Midstream Energy Fund, Inc. (NYSE: NTG) [Yahoo! Finance]
Tortoise Midstream Energy Fund, Inc. (NTG)
US:NYSE Investor Relations:
tortoiseadvisors.com
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Source: Yahoo! Finance
OVERLAND PARK, KS / ACCESSWIRE / December 23, 2024 / Tortoise Capital Advisors, L.L.C . (Tortoise Capital), a fund manager focused on energy investing, today announced the completion of a strategic merger between Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) and Tortoise Energy Infrastructure Corp. (NYSE:TYG) with TYG emerging as the continuing fund. As of Dec. 20, 2024, the combined total assets under management (AUM) of TYG was $1.0 billion. TYG will maintain its original investment strategy and objective, becoming Tortoise Capital's flagship closed-end fund solution for investors seeking exposure to energy in the closed-end fund structure. TYG provides investors with exposure to energy infrastructure, long-lived and essential midstream, power and renewable assets. It seeks a high level of total return, emphasizing current distributions. "This merger represents a significant milestone for Tortoise Capital," said Tom Florence, CEO. "By combining the strengths of NTG and TYG, w
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