Tortoise Capital Announces 2024 Estimated Capital Gain Distributions for its Open End Mutual Funds
Tortoise Capital has released its estimated capital gain distributions for open-end mutual funds for 2024. The announcement includes estimates for the Tortoise Energy Infrastructure Total Return Fund and Tortoise Energy Infrastructure and Income Fund, with both funds showing $0.00 in estimated short-term and long-term capital gains. These estimates are based on capital gain amounts as of October 31, 2024, and are subject to change. Final amounts will be reported on Form 1099-DIV, to be mailed in early 2025.
Tortoise Capital ha pubblicato le sue stime per le distribuzioni di guadagni in conto capitale per i fondi comuni di investimento a gestione aperta per il 2024. L'annuncio include stime per il Tortoise Energy Infrastructure Total Return Fund e il Tortoise Energy Infrastructure and Income Fund, con entrambi i fondi che mostrano $0.00 in guadagni in conto capitale a breve e lungo termine. Queste stime si basano sugli importi dei guadagni in conto capitale al 31 ottobre 2024 e possono essere soggette a modifiche. Gli importi finali saranno riportati sul modulo 1099-DIV, che sarà inviato all'inizio del 2025.
Tortoise Capital ha publicado sus estimaciones sobre las distribuciones de ganancias de capital para fondos mutuos de gestión abierta para 2024. El anuncio incluye estimaciones para el Tortoise Energy Infrastructure Total Return Fund y el Tortoise Energy Infrastructure and Income Fund, con ambos fondos mostrando $0.00 en ganancias de capital a corto y largo plazo. Estas estimaciones se basan en los montos de las ganancias de capital al 31 de octubre de 2024 y están sujetas a cambios. Los montos finales se informarán en el Formulario 1099-DIV, que se enviará a principios de 2025.
토르토이즈 캐피탈은 2024년 오픈엔드 뮤추얼 펀드에 대한 자본 이득 분배 예상치를 발표했습니다. 이 발표에는 토르토이즈 에너지 인프라 총 수익 펀드와 토르토이즈 에너지 인프라 및 소득 펀드에 대한 예측이 포함되어 있으며, 두 펀드 모두 단기 및 장기 자본 이득이 $0.00로 나타났습니다. 이 예상치는 2024년 10월 31일 기준 자본 이득 금액에 근거하며 변경될 수 있습니다. 최종 금액은 2025년 초에 발송될 1099-DIV 양식에 보고될 예정입니다.
Tortoise Capital a publié ses estimations de distributions de gains en capital pour les fonds mutuels à capital variable pour 2024. L'annonce inclut des estimations pour le Tortoise Energy Infrastructure Total Return Fund et le Tortoise Energy Infrastructure and Income Fund, les deux fonds affichant un montant de $0.00 en gains en capital à court et à long terme. Ces estimations sont basées sur les montants des gains en capital au 31 octobre 2024 et peuvent être sujettes à des modifications. Les montants finaux seront reportés sur le formulaire 1099-DIV, qui sera envoyé au début de 2025.
Tortoise Capital hat seine geschätzten Kapitalertragsverteilungen für offene Investmentfonds für 2024 veröffentlicht. Die Ankündigung umfasst Schätzungen für den Tortoise Energy Infrastructure Total Return Fund und den Tortoise Energy Infrastructure and Income Fund, wobei beide Fonds $0,00 an geschätzten kurzfristigen und langfristigen Kapitalgewinnen aufweisen. Diese Schätzungen basieren auf den Beträgen der Kapitalgewinne zum 31. Oktober 2024 und können sich ändern. Die endgültigen Beträge werden im Formular 1099-DIV gemeldet, das Anfang 2025 verschickt wird.
- Zero capital gains distributions indicate tax efficiency for shareholders
- None.
Insights
The announcement of zero estimated capital gain distributions for both Tortoise Energy Infrastructure Total Return Fund and Tortoise Energy Infrastructure and Income Fund indicates no taxable capital gains for shareholders in 2024. While this information is relevant for tax planning purposes, the zero distributions suggest either careful tax-loss harvesting, minimal portfolio turnover, or offsetting losses in the funds' holdings. For current and potential investors, this means no additional tax burden from capital gains distributions, which can be viewed as tax-efficient management.
OVERLAND PARK, KS / ACCESSWIRE / November 8, 2024 / Tortoise Capital today announced the estimated capital gain distributions for its open end mutual funds to be paid in the calendar year 2024.
To assist our shareholders with year-end planning, we are providing estimates of the per-share capital gain distributions expected to be paid during 2024. These estimates were prepared using capital gain amounts as of October 31, 2024. The estimates are being provided for informational purposes only and may not include all required tax adjustments. The final per-share amounts will be based on the actual number of shares outstanding on the Fund's record date which may differ significantly from the number of shares outstanding at the time these estimates were prepared. Please keep in mind that the following amounts are estimates and subject to change. The final amounts will be reported to you on Form 1099-DIV, which will be mailed in early 2025.
Fund name | Ticker | Estimated short-term capital gains | Estimated long-term capital gains |
Tortoise Energy Infrastructure Total Return Fund | TORIX/TORTX/TORCX | ||
Tortoise Energy Infrastructure and Income Fund | INFRX/INFFX/INFIX |
About Tortoise Capital
With approximately
positioned to be at the forefront of the global energy evolution that is under way. Based in Overland Park, Kansas, Tortoise Capital Advisors, L.L.C. is an SEC-registered fund manager that invests primarily in publicly traded companies in the energy and power infrastructure sectors-from production to transportation to distribution. For more information about Tortoise Capital, visit http://www.TortoiseAdvisors.com.
About Tortoise Energy Infrastructure Total Return Fund
The Tortoise Energy Infrastructure Total Return Fund focuses on the large and diverse North American pipeline universe. The fund invests primarily in equity securities of energy infrastructure companies that process, transport, store, and market natural gas or natural gas liquids, refined products and crude oil (i.e., midstream infrastructure) as well as generate, transport and distribute electricity (i.e., power and renewable infrastructure. The fund is designed to provide access to the sizable pipeline network of one of the world's largest consumers of energy, efficient tax flow-through structure, one 1099 (no K-1s), no unrelated business taxable income (UBTI) and IRA and tax-exempt suitability.
About Tortoise Energy Infrastructure and Income Fund
The Tortoise Energy Infrastructure and Income Fund invests in securities across the capital structure of energy infrastructure companies; including common equity, preferred equity, bonds and MLPs. The fund's goal is to deliver strong risk-adjusted returns, greater liquidity, and lower volatility relative to the Alerian MLP Index over a market cycle.
Disclosures
Tortoise Capital Advisors, L.L.C. is the adviser to the Tortoise Energy Infrastructure Total Return Fund and Tortoise Energy Infrastructure and Income Fund.
Quasar Distributors, LLC, distributor.
Nothing contained in this communication constitutes tax, legal, or investment advice. Investors must consult their tax advisor or legal counsel for advice and information concerning their particular situation.
The funds' investment objectives, risks, charges and expenses must be considered carefully before investing. The summary and statutory prospectus contains this and other important information about the funds and may be obtained by calling 855-TCA-FUND (855-822-3863) or visiting www.TortoiseAdvisors.com. Read it carefully before investing.
Mutual fund investing involves risk. Principal loss is possible.
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.
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 Tortoise Capital Advisors believe that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the fund's reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, the funds and Tortoise Capital Advisors do not assume a duty to update this forward-looking statement.
Media Contacts
Margaret Kirch Cohen/Richard Chimberg
Newton Park PR
+1 847-507-2229
+1 617-312-4281
margaret@newtonparkpr.com
rich@newtonparkpr.com
SOURCE: Tortoise Capital
View the original press release on accesswire.com
FAQ
What are the estimated capital gains distributions for Tortoise Energy Infrastructure and Income Fund (INFRX) in 2024?
When will Tortoise Capital mail the final 2024 capital gains distribution Form 1099-DIV?
What is the reference date for Tortoise Capital's 2024 capital gains estimates?
