Easy Income Portfolio: December Update
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 16 2024
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Source: Benzinga
Easy Income Portfolio Overview: The Easy Income Portfolio experienced a stable month with minor fluctuations in investments, focusing on diversified asset classes to mitigate risks and generate consistent income through dividends.
Tortoise Energy Infrastructure Corp Merger: A significant merger is set to occur between Tortoise Midstream Energy Fund and Tortoise Energy Infrastructure Corp, resulting in enhanced shareholder value through increased distribution frequency and amounts, alongside improved economies of scale for the combined fund.
Analyst Views on TYG
About TYG
Tortoise Energy Infrastructure Corporation (TYG) is a non-diversified, closed-end management investment company. TYG's investment objective is to seek a high level of total return with an emphasis on current distributions paid to stockholders. Under normal circumstances, TYG invests at least 90% of its total investments, defined as the value of all investments reported as total investments in its schedule of investments, in securities of energy infrastructure companies. TYG may invest up to 30% of its total investments in restricted securities, primarily through direct placements. The aggregate of all of TYG's investments in private companies that do not have any publicly traded shares or units are limited to 5% of its total investments. TYG may invest up to 25% of its total investments in debt securities of energy infrastructure companies, including certain securities rated below investment grade (junk bonds). TYG's investment adviser is Tortoise Capital Advisors, L.L.C.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
