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OVERLAND PARK, Kan. August 08, 2006 Tortoise Energy Infrastructure Corp. (NYSE: TYG) today announced the pricing of a previously announced public offering of common stock. The company agreed to sell 1,675,050 shares of common stock at $29.85 per share through a syndicate of underwriters led by Merrill Lynch, Pierce, Fenner & Smith Incorporated and Stifel, Nicolaus & Company, Incorporated. The company has granted the underwriters a 45-day option to purchase a maximum of 251,257 additional shares of common stock to cover over-allotments, if any.
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.
An investor should read the prospectus supplement and prospectus carefully before investing. The prospectus supplement and prospectus contains important information about the company's investment objective, risks, charges and expenses. Copies of the prospectus supplement and accompanying prospectus relating to the offering may be obtained from the offices of Merrill Lynch & Co., 4 World Financial Center, 250 Vesey Street, New York, New York 10080, or Stifel, Nicolaus & Company, Incorporated, 501 North Broadway, St. Louis, Missouri 63102.
About Tortoise Energy Infrastructure Corp.
Tortoise Energy Infrastructure Corp. owns a portfolio of master limited partnership investments in the energy infrastructure sector. Tortoise Energy Infrastructure Corp.'s goal is to provide its shareholders with a high level of total return with an emphasis on current distributions to stockholders.
About Tortoise Capital Advisors, LLC
Tortoise Capital Advisors, LLC, the adviser to Tortoise Energy Infrastructure Corp. is a pioneer in the capital markets for master limited partnership (MLP) investment companies and a leader in closed-end funds and separately managed accounts focused on MLPs in the energy infrastructure sector. To date, the adviser has approximately $1.8 billion of energy infrastructure investment assets under management.
Tortoise Capital Advisors, LLC
Pam Kearney, Investor Relations, (913) 322-5839, email@example.com