Tortoise Energy Infrastructure Corp
- Company typePublic
- Founded2004
- HeadquartersLeawood, United States
- Headcount—
- GTM typeB2C
- OfferingServices
Tortoise Energy Infrastructure Corp firmographics
Firmographics- Name
- Tortoise Energy Infrastructure Corp
- Legal name
- Tortoise Energy Infrastructure Corp.
- Website
- https://cef.tortoisecapital.com
- Company type
- Public
- Founded year
- 2004
- Operating status
- Operating
- Ownership category
- akta.pro rank
Where Tortoise Energy Infrastructure Corp is headquartered
LocationHeadquarters
- HQ city
- Leawood
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Tortoise Energy Infrastructure Corp business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Marketing or Sales, Others
Revenue model
- Management Fees: TYG pays Tortoise Capital Advisors an investment advisory fee equal to an annual rate of 0.95% of average monthly Managed Assets up to $2.5 billion, 0.90% between $2.5B and $3.5B, and 0.85% above $3.5B.
- Investment Returns: The fund generates returns through dividends from portfolio companies (energy infrastructure equities) and enhanced yield from credit and options strategies.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Management Fee: 0.95% of Managed Assets |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Tortoise Energy Infrastructure Corp product offering
Product offeringCore offering
Tortoise Energy Infrastructure Corp (NYSE: TYG) is a closed-end fund that seeks a high level of total return with emphasis on current distributions to stockholders. The fund invests primarily in equity securities of energy and power infrastructure companies that process, store, distribute and market natural gas, natural gas liquids, refined products and crude oil, as well as companies that generate, transport and distribute electricity. Income is delivered via monthly distributions and reported on a 1099 (no K-1s), with yield enhanced through credit and options strategies.
Product overview
Tortoise Energy Infrastructure Corp. (TYG) is a single closed-end fund product focused on energy and power infrastructure investments. The fund operates as a registered investment company traded on NYSE under ticker TYG. The fund employs a strategy of investing in equity securities of energy infrastructure companies with support from credit and options strategies to enhance yield and manage risk. Income is reported on a 1099 tax form. The company also offers related investment solutions including Active ETFs (TCAI, TNUK, TNGY, TPZ), Passive ETFs (TMLP, TPYP, TBLU), and a Mutual Fund (TORIX/TORTX/TORCX), though TYG is the primary closed-end fund product covered under this profile.
Differentiator
Problem solved
Functional benefit
Products and services
- Tortoise Energy Infrastructure Corp. (TYG) A closed-end fund (TYG) traded on the NYSE that seeks a high level of total return with an emphasis on current distributions paid to stockholders. The fund invests primarily in equity securities of energy and power infrastructure companies and delivers monthly income via dividends from portfolio companies, enhanced by credit and options strategies.
Quantifiable outcome
- 13.35% current distribution rate
- +3 more outcomes
Companies that use Tortoise Energy Infrastructure Corp
Customer profileSegments2 records
Ideal customer profiles2 records
Tortoise Energy Infrastructure Corp technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Tortoise Energy Infrastructure Corp partnerships and signals
Strategic signalScale indicators7 records
Recent moves6 records
Expansion highlights3 records
Tortoise Energy Infrastructure Corp competitors and assessment
Company assessmentBroad incumbents
- Cohen & Steers Infrastructure Fund: Closed-end fund (NYSE: UTF) with a broader infrastructure mandate (utilities, pipelines, communications, transportation), partially overlapping TYG but tilted more toward utilities.
Direct peers
- ClearBridge Energy MLP Total Return Fund: Closed-end fund (NYSE: CTR) managed by ClearBridge that invests in MLPs and energy infrastructure equities with an emphasis on total return, overlapping TYG's MLP/midstream core.
- Kayne Anderson Energy Infrastructure Fund: Closed-end fund (NYSE: KYN) managed by Kayne Anderson that invests primarily in midstream energy infrastructure and MLPs, directly competing with TYG for income-focused energy investors.
- Tortoise Pipeline & Energy Fund: Sister Tortoise Capital CEF (NYSE: TTP) focused on pipeline and energy infrastructure equities, sharing the same adviser, strategy framework, and income orientation as TYG.
- Macquarie Global Infrastructure Total Return Fund: Closed-end fund (NYSE: MGU) managed by Macquarie that invests in global listed infrastructure including energy infrastructure, comparable in vehicle structure and income strategy.
- Tortoise Energy Independence Fund: Sister Tortoise Capital CEF (NYSE: NDP) focused on U.S. energy independence theme (upstream and infrastructure), sharing adviser and strategy framework with TYG.
- Alerian MLP ETF: Liquid ETF (NYSE: AMLP) tracking the Alerian MLP Infrastructure Index, providing MLP exposure to the same investor base TYG serves.
- First Trust Energy Income and Growth Fund: Closed-end fund (NYSE: FEN) managed by First Trust investing in energy infrastructure MLPs and equities, directly comparable to TYG's mandate and target investor.
- Tortoise Midstream Energy Fund: Sister Tortoise Capital CEF (NYSE: NTG) investing in midstream energy equities, directly comparable in mandate, adviser, and target investor to TYG.
- Cushing MLP & Infrastructure Total Return Fund: Closed-end fund (NYSE: SRV) managed by Cushing that invests in MLPs and energy infrastructure, serving the same income-focused investor base as TYG.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key highlights7 records
Customer concentration
Tortoise Energy Infrastructure Corp financial estimates
Financial estimateRevenue estimate
Valuation estimate
Tortoise Energy Infrastructure Corp leadership team
Management profileNumber of profiles
Profiles1 record
Tortoise Energy Infrastructure Corp funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Tortoise Energy Infrastructure Corp M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Tortoise Energy Infrastructure Corp
What does Tortoise Energy Infrastructure Corp do?
Tortoise Energy Infrastructure Corp (NYSE: TYG) is a closed-end fund that seeks a high level of total return with emphasis on current distributions to stockholders. The fund invests primarily in equity securities of energy and power infrastructure companies that process, store, distribute and market natural gas, natural gas liquids, refined products and crude oil, as well as companies that generate, transport and distribute electricity. Income is delivered via monthly distributions and reported on a 1099 (no K-1s), with yield enhanced through credit and options strategies.
Is Tortoise Energy Infrastructure Corp a public or private company?
Tortoise Energy Infrastructure Corp is a public company. It is classified as public and is currently operating.
When was Tortoise Energy Infrastructure Corp founded?
Tortoise Energy Infrastructure Corp was founded in 2004.
Where is Tortoise Energy Infrastructure Corp based?
Tortoise Energy Infrastructure Corp is headquartered in Leawood, United States, in the North America region.
How does Tortoise Energy Infrastructure Corp make money?
Two revenue lines are on record. Management Fees are the primary driver. The others are investment Returns.
Who are Tortoise Energy Infrastructure Corp's main competitors?
Cohen & Steers Infrastructure Fund is listed as a broad incumbent. Direct peers are ClearBridge Energy MLP Total Return Fund, Kayne Anderson Energy Infrastructure Fund, Tortoise Pipeline & Energy Fund, Macquarie Global Infrastructure Total Return Fund, Tortoise Energy Independence Fund, Alerian MLP ETF, First Trust Energy Income and Growth Fund, Tortoise Midstream Energy Fund and Cushing MLP & Infrastructure Total Return Fund.
Does Tortoise Energy Infrastructure Corp have an API?
No public API is recorded for Tortoise Energy Infrastructure Corp.