Energy Infrastructure Corp. (NYSE: TYG)

TYG invests primarily in equity securities of publicly-traded Master Limited Partnerships (MLPs) and their affiliates in the energy infrastructure sector.

TYG is designed to provide:

  • Exposure to midstream MLPs
  • 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 $2,130.1 million   Leverage (as percent of total assets) 31.9%
Market Price1 $23.51   Shares Outstanding 53.64 million
NAV2 $24.36   Management Fee3 0.95%
IPO Date 2/24/2004   Fiscal Year End November 30
IPO Price $25.00   CUSIP 89147L100
Distribution Frequency Quarterly      
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  2. As of 3/22/2019.

  3. Management fees are calculated based on 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"). TYG pays the Adviser a fee equal to an annual rate of 0.95 percent of the Company’s average monthly Managed Assets up to $2.5 billion, 0.90 percent of average monthly Managed assets between $2.5 billion and $3.5 billion and 0.85 percent on average monthly Managed Assets above $3.5 billion. Tortoise has contractually agreed to waive all fees due related to the net proceeds received from the issuance of additional common stock under TYG's at-the-money equity program for a six month period following the date of issuance. The rate reflected is the effective management fee rate after applying the above tiered fee schedule.