Energy Independence Fund, Inc. (NYSE: NDP)

NDP focuses primarily on North American energy companies that engage in the exploration and production of crude oil, condensate, natural gas and natural gas liquids.

NDP is designed to provide:

  • Differentiated access to North American oil and gas shale production growth companies
  • Investment objective seeks high level of total return, emphasizing current distributions
  • One 1099 (no K-1s)
  • No Unrelated Business Taxable Income (UBTI)
  • IRA and tax-exempt suitability
Fund Data (unaudited) As of 2/28/2019
Total Assets $156.6 million   Leverage (as percent of total assets) 27.1%
Market Price1 $8.23   Shares Outstanding 14.73 million
NAV2 $7.58   Management Fee3 1.10%
IPO Date 7/26/2012   Fiscal Year End November 30
IPO Price $25.00   CUSIP 89148K101
Distribution Frequency Quarterly      
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  2. As of 3/22/2019.

  3. Annual rate applied to the fund's average monthly total assets (including any asset attributable to leverage and the aggregate liquidation preference of outstanding preferred stock) less the sum of accrued liabilities (other than debt entered into for purposes of leverage) ("Managed Assets").