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

2016 Common Stock Tax Information

NDP provides the following tax information to its common stockholders pertaining to the character of distributions paid during 2016. For stockholders who received all distributions in cash during 2016, 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
Per Share
Ordinary Dividends
Box 1a
Box 1b
Capital Gain
Box 2a
Box 3
11/21/2016 11/23/2016 11/30/2016 $0.4375 $0.00 $0.00 $0.00 $0.4375
08/22/2016 08/24/2016 08/31/2016 $0.4375 $0.00 $0.00 $0.00 $0.4375
05/20/2016 05/24/2016 05/31/2016 $0.4375 $0.00 $0.00 $0.00 $0.4375
02/18/2016 02/22/2016 02/29/2016 $0.4375 $0.00 $0.00 $0.00 $0.4375
Total 2016 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.

2016 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.