Tortoise Energy Independence Fund Announces Exercise of Over-Allotment Option

Tortoise Energy Independence Fund, Inc. NDP today announced that the underwriters of its initial public offering of common shares, which was completed on July 31, 2012, have exercised their over-allotment option and purchased an additional 1.5 million shares, representing $37.5 million in gross proceeds. The closing of the exercise of the over-allotment option occurred today, Sept. 12, 2012. In total, an aggregate of 14.5 million shares have been issued in connection with NDP's public offering, with total gross proceeds of $362.5 million. The underwriting syndicate was led by UBS Investment Bank, BofA Merrill Lynch and Wells Fargo Securities. Senior co-managers included Barclays, Oppenheimer & Co., RBC Capital Markets and Stifel Nicolaus Weisel.