- (NYSE: TYG) Tortoise Energy Infrastructure Corp.
- (NYSE: NTG) Tortoise Midstream Energy Fund, Inc.
- (NYSE: TTP) Tortoise Pipeline & Energy Fund, Inc.
- (NYSE: NDP) Tortoise Energy Independence Fund, Inc.
- (NYSE: TPZ) Tortoise Power & Energy Infrastructure Fund, Inc.
- (NYSE: TEAF) Ecofin Sustainable and Social Impact Term Fund
January 25, 2005 (Overland Park, KS) - Tortoise Energy Infrastructure Corporation (NYSE: TYG) announced today that it issued an additional 263,254 shares of its common stock as a result of the underwriters exercising the entire over-allotment option granted to them in connection with TYG's December 2004 common stock offering. As a result, an aggregate of 2,018,281 shares of common stock were issued in connection with this offering. All shares were issued at $27.35 per share, resulting in total net proceeds to the company, after payment of underwriting discounts and offering expenses, of approximately $53.1 million. TYG's December 2004 offering was managed by Stifel, Nicolaus & Company (book running manager), RBC Capital Markets, and Oppenheimer as Co-Lead Managers. Copies of the final prospectus relating to this offering may be obtained from Stifel, Nicolaus & Company at 501 North Broadway, St. Louis, Missouri, 63102.
About Tortoise Energy
Tortoise Energy Infrastructure Corporation owns a portfolio of investments in the energy infrastructure sector, primarily pipeline and processing Master Limited Partnerships. Tortoise Energy's goal is to provide its stockholders with a high level of total return with an emphasis on current distributions to stockholders.
Tortoise Capital Advisors, LLC serves as the adviser to Tortoise Energy Infrastructure Corporation. For more complete information about Tortoise Energy, visit the Company's Web site at www.tortoiseenergy.com or contact Investor Relations at (913) 981-1020.
Safe Harbor Statement
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.
Tortoise Capital Advisors, LLC, 913-981-1020.