Tortoise Capital Announces Strategic Merger of TEAF into TYG
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 17 2025
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Source: Newsfilter
Merger Announcement: Tortoise Capital Advisors plans to merge its Tortoise Sustainable and Social Impact Term Fund (TEAF) into Tortoise Energy Infrastructure Corp. (TYG), enhancing operational efficiency and scale while maintaining TYG's investment strategy focused on energy infrastructure.
Future Plans and Updates: The merger, expected to complete in the second half of 2025, will also involve a 30% increase in distributions for TYG, with ongoing negotiations for TEAF's private renewables portfolio sale aimed at reinvesting proceeds in energy infrastructure securities.
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.








