Midstream Energy Fund, Inc. (NYSE: NTG)

NTG is a closed-end fund that focuses primarily on midstream energy entities, with a focus on natural gas infrastructure entities.

NTG is designed to provide:

  • Exposure to natural gas infrastructure entities
  • 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 $1,509.3 million   Leverage (as percent of total assets) 34.6%
Market Price1 $13.98   Shares Outstanding 63.21 million
NAV2 $15.03   Management Fee3 0.95%
IPO Date 7/27/2010   Fiscal Year End November 30
IPO Price $25.00   CUSIP 89148B101
Distribution Frequency Quarterly      
  1. Copyright © 2019 Market data provided by Barchart Solutions. Reflects real-time price when available. Quotes are delayed at least 15 minutes. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use, please see our disclaimer.

  2. As of 3/22/2019.

  3. Annual rate applied to the fund's average monthly total assets (including any assets attributable to leverage but excluding any net deferred tax asset) less the sum of accrued liabilities (other than net deferred tax liability, debt entered into for purposes of leverage and the aggregate liquidation preference of outstanding preferred stock) ("Managed Assets"). Tortoise has contractually agreed to waive all fees due related to the net proceeds received from the issuance of additional common stock under NTG 's at-the-money equity program for a six month period following the date of issuance.