This Slide: #10 of 27 |
Slide #10. Tortoise Energy Infrastructure Corp. (NYSE:TYG), Tortoise Energy Capital Corp. (NYSE:TYY) — Tortoise North American Energy Corp.
Acquirer:
Tortoise Energy Infrastructure Corp. (NYSE:TYG), Tortoise Energy Capital Corp. (NYSE:TYY) (TYG)
Acquiree:
Tortoise North American Energy Corp. (TYN)
Details:
Tortoise Capital Advisors today announced the Board of Directors of Tortoise's closed-end funds approved a proposal to merge three of Tortoise's MLP closed-end funds: Tortoise Energy Infrastructure Corp. (NYSE:TYG), Tortoise Energy Capital Corp. (NYSE:TYY) and Tortoise North American Energy Corp. (NYSE:TYN). Subject to stockholder approval, TYY and TYN common stockholders will be issued TYG common stock and TYG would acquire substantially all of the assets and liabilities of TYY and TYN.
Tortoise Energy Infrastructure is a closed-end management investment company. The Fund's investment objective is to seek high total return with an emphasis on current distributions.
Open the TYG Page at The Online Investor »
Tortoise Energy Infrastructure is a closed-end management investment company. The Fund's investment objective is to seek high total return with an emphasis on current distributions.
Open the TYN Page at The Online Investor »
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