Tortoise Energy Infrastructure Corp (N:TYG)

Sector:  Financials Industry:  Closed End Funds
 
See Regulatory Filings on SEC
Company Contact
Address: 6363 College Boulevard, Suite 100A
OVERLAND PARK KS 66211
Tel: N/A
Website: https://cef.tortoiseecofin.com/funds/tyg
IR: See website
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Key People
H. Kevin Birzer
Chairman of the Board 		Matthew G. P. Sallee
President 		Courtney Gengler
Chief Executive Officer
Sean Wickliffe
Principal Financial Officer, Treasurer 		Diane M. Bono
Chief Compliance Officer, Secretary 		Shobana Gopal
Vice President
Business Overview
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.
Financial Overview
For the fiscal year ended 30 November 2023, Tortoise Energy Infrastructure Corp revenues increased 20% to $15.8M. Net loss totaled $15.6M vs. income of $103.3M. Revenues reflect Less- Returns of Capital on Distribution increase of 24% to -$11.3M, Dividends and distributions from common increase of 5% to $17.1M, Other income increase from $0K to $41K. Net loss reflects Net realized gain (loss) on investments decrease of 71% to $35.4M (income).
Reporting Currency: U.S. Dollars
Enterprise value: N/A
Annual revenue (TTM): $15.76M as of Nov 30, 2023
EBITDA (TTM): $8.58M as of Nov 30, 2023
Net annual income (TTM): -$15.62M as of Nov 30, 2023
Free cash flow (TTM): $58.90M as of Nov 30, 2023
Net Debt Last Fiscal Year: $107.71M as of Nov 30, 2023
Shares outstanding: 10,764,933 as of Nov 30, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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