Tax Information

(NYSE: NDP) Tortoise Energy Independence Fund, Inc.

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Find distributions and other tax-related resources for Tortoise closed-end funds.
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Annual 1099-DIV

2017 Common Stock Tax Information

NDP provides the following tax information to its common stockholders pertaining to the character of distributions paid during 2017. For stockholders who received all distributions in cash during 2017, 100% was treated as a return of capital (Box 3). The per share characterization is reflected in the sample Form 1099-DIV below.

Ex-Div Date Record Date Payment
Date
Total
Distributions
Per Share
Total
Ordinary Dividends
Box 1a
Qualified
Dividends
Box 1b
Capital Gain
Distributions
Box 2a
Nondividend
Distributions
Box 3
11/21/2017 11/22/2017 11/30/2017 $0.4375 $0.00 $0.00 $0.00 $0.4375
08/22/2017 08/24/2017 08/31/2017 $0.4375 $0.00 $0.00 $0.00 $0.4375
05/22/2017 05/24/2017 05/31/2017 $0.4375 $0.00 $0.00 $0.00 $0.4375
02/16/2017 02/21/2017 02/28/2017 $0.4375 $0.00 $0.00 $0.00 $0.4375
Total 2017 Distributions: $1.7500 $0.00 $0.00 $0.00 $1.7500


Box 3: Nondividend distributions are nontaxable and considered return of capital. 

For stockholders who participated in the company sponsored dividend reinvestment plan, the tax basis of shares acquired is the greater of the purchase price or the market close price on the payment date.

Report of Organizational Actions Affecting Basis of Securities

Effective January 1, 2012, issuers of regulated investment company securities must complete Form 8937 to report organizational actions, including nontaxable distributions, that affect the basis of the securities involved in the organizational action. The information contained below is intended to satisy the requirements of public reporting under section 1.6045B-1(a)(3) and (b)(4) of the Treasury Regulations.

2017 Form 8937

Nothing contained herein should be construed as tax advice; consult your tax adviser for more information. Furthermore, you may not rely upon any information herein for the purpose of avoiding any penalties that may be imposed under the Internal Revenue Code.