- (NYSE: TYG) Tortoise Energy Infrastructure Corp.
- (NYSE: NTG) Tortoise Midstream Energy Fund, Inc.
- (NYSE: TTP) Tortoise Pipeline & Energy Fund, Inc.
- (NYSE: NDP) Tortoise Energy Independence Fund, Inc.
- (NYSE: TPZ) Tortoise Power & Energy Infrastructure Fund, Inc.
- (NYSE: TEAF) Tortoise Sustainable and Social Impact Term Fund
Aug 8, 2011 - LEAWOOD, Kan.--(BUSINESS WIRE)-- The Board of Directors of
"Our distribution increase reflects our confidence, as long-term investors, in the fundamentally stable and growing distributions from MLPs in our portfolio," said Tortoise Capital Advisors' Managing Director,
For tax purposes, the company estimates 50 to 100 percent of TYG's 2011 distributions will be characterized as qualified dividend income with the remaining percentage characterized as return of capital. The final characterization will not be made until determination of its earnings and profits after year end. For book purposes, the source of this distribution is estimated to be 100 percent return of capital.
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This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.
Forward-Looking Statement
This press release contains certain statements that may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although the company and
Investor Relations
pkearney@tortoiseadvisors.com
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