Tortoise Energy Infrastructure Corp. (TYG) Achieves Target Positioning for the Future of Energy
Tortoise Energy Infrastructure Corp. (TYG) has successfully transitioned its portfolio, now allocating 45% to renewables and power infrastructure as of November 30, 2021, up from approximately 15% previously. This strategic shift aims to provide diversification and reduce volatility while enhancing long-term growth opportunities. TYG and Tortoise Midstream Energy Fund, Inc. (NTG) have also increased their focus on governance and environmental policies, with TYG holding 22.4% MLPs. Tortoise Capital Advisors serves as the adviser for both funds, emphasizing their commitment to cleaner energy and infrastructure investments.
- Portfolio allocation to renewables and power infrastructure increased to 45%, up from 15%.
- Focus on environmental policies enhances governance and investment transparency.
- Strategic shift toward lower volatility investments may improve risk-adjusted returns.
- None.
Positioned for the Future of Energy
“We are excited to have reached our target portfolio as laid out in
Below depicts the shift in TYG’s decarbonization infrastructure portfolio allocation.
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Natural Gas Infrastructure |
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Liquids Infrastructure |
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Renewables and Power Infrastructure |
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Energy Technology |
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Total |
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In line with the “Essential Playbook for Midstream Management”, first published in 2020, midstream holdings for both
For additional information on these funds, please visit cef.tortoiseecofin.com.
About Tortoise
Tortoise focuses on energy and power infrastructure and the transition to cleaner energy. Tortoise’s solid track record of energy value chain investment experience and research dates back more than 20 years. As one of the earliest investors in midstream energy, Tortoise believes it is well-positioned to be at the forefront of the global energy evolution that is underway. With a steady wins approach and a long-term perspective, Tortoise strives to make a positive impact on clients and communities. To learn more, visit www.TortoiseEcofin.com.
Cautionary Statement Regarding Forward-Looking Statements
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 funds and
Safe Harbor Statement
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20211207006200/en/
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FAQ
What is Tortoise Energy Infrastructure Corp.'s recent portfolio allocation as of November 30, 2021?
How much of TYG's portfolio is now invested in MLPs?