TortoiseEcofin Announces 2023 Estimated Capital Gain Distributions for its Open End Mutual Funds

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TortoiseEcofin (TORIX/TORTX/TORCX) announces estimated capital gain distributions for 2023, providing shareholders with per-share estimates for short-term and long-term capital gains. The estimates are based on capital gain amounts as of October 31, 2023, and are subject to change. Final amounts will be reported on Form 1099-DIV in early 2024.

OVERLAND PARK, KS / ACCESSWIRE / November 9, 2023 / TortoiseEcofin today announced the estimated capital gain distributions for its open end mutual funds to be paid in the calendar year 2023.

To assist our shareholders with year-end planning, we are providing estimates of the per-share capital gain distributions expected to be paid during 2023. These estimates were prepared using capital gain amounts as of October 31, 2023. 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 2024.

Fund name	Ticker	Estimated short-term capital gains	Estimated long-term capital gains
Tortoise Energy Infrastructure Total Return Fund	TORIX/TORTX/TORCX	$0.00	$0.00
Tortoise Energy Infrastructure and Income Fund	INFRX/INFFX/INFIX	$0.00	$0.00
Ecofin Global Renewables Infrastructure Fund	ECOIX/ECOAX	$0.00	$0.00

About TortoiseEcofin

TortoiseEcofin focuses on essential assets - those assets and services that are indispensable to the economy and society. We strive to make a positive impact on clients and communities by investing in energy infrastructure and the transition to cleaner energy and by providing capital for social impact projects focused on education and senior housing. TortoiseEcofin brings together strong legacies from Tortoise, with expertise investing across the energy value chain for more than 20 years, and from Ecofin, which unites ecology and finance and has roots back to the early 1990s. For more information, please visit www.TortoiseEcofin.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.

About Ecofin Global Renewables Infrastructure Fund

The Ecofin Global Renewables Infrastructure Fund is an impact fund investing in listed companies that own low-carbon power generation assets. The fund invests in companies riding on the high demand growth for clean electricity. The portfolio has the goal of providing a low beta and delivers a measurable decarbonization benefit.

Disclosures

TCA Advisors is the adviser to the Tortoise Energy Infrastructure Total Return Fund, Tortoise Energy Infrastructure and Income Fund and Ecofin Global Renewables Infrastructure Fund. Ecofin Advisors Limited is the sub-adviser to the Ecofin Global Renewables Infrastructure 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.TortoiseEcofin.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.

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 TortoiseEcofin believes 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 company'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, TortoiseEcofin does not assume a duty to update this forward-looking statement.

Contact Information

For more information contact Eva Lipner at (913) 890-2165 or info@tortoiseadvisors.com.

SOURCE: TortoiseEcofin

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FAQ

What is the estimated capital gain distribution announced by TortoiseEcofin (TORIX/TORTX/TORCX) for 2023?

TortoiseEcofin has announced the estimated per-share capital gain distributions for its open end mutual funds for 2023.

When will the final amounts of the capital gain distributions be reported to shareholders?

The final amounts will be reported on Form 1099-DIV and mailed to shareholders in early 2024.

On what basis were the estimates of the capital gain distributions prepared?

The estimates were prepared using capital gain amounts as of October 31, 2023.

Are the estimated amounts subject to change?

Yes, the estimates are subject to change as the final per-share amounts will be based on the actual number of shares outstanding on the Fund's record date, which may differ from the number of shares outstanding at the time the estimates were prepared.