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Tortoise Energy Infr

Tortoise Energy Infrastructure Corp seeks to provide a high level of current income to stockholders. It invests in fixed-income and dividend-paying equity securities of power and energy infrastructure companies that provide stable and defensive characteristics throughout economic cycles.

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Easy Income Portfolio: December 2025 Update

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On CNBC&#39;s &#34;Mad Money Lightning Round,&#34; Jim Cramer said he would hold onto Tortoise Energy Infrastructure Corp. (NYSE: TYG), while cautioning that he doesn&#39;t know what is in it because i

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It was another calm month for the Easy Income portfolio. Some investments went up a little, and some went down a little. We collected dividends along the way. This is exactly what the Easy Income Portfolio is designed to do.
I am pretty sure inflation is going to be sticky.
Energy demand will probably grow, and natural gas demand stands to benefit significantly from that growth.
&nbsp;It appears very likely that commercial real estate values, especially office properties, are much closer to the end of their decline than the beginning.
I am very bullish on residential mortgages for many economic and technical reasons.
Private credit is projected to grow much quicker than any other fixed-income market segment. The yields are definitely higher than in any other segment of the fixed-income market. That bodes well for business development companies&#8217; long-term performance and dividend streams.
I am a huge fan of closed-end fund discount activism and arbitrage, and Special Purpose Acquisition Company (SPAC) arbitrage. Both are brilliant ways to earn above-average streams of income.
BB-rated bonds and community bank debt are two of the highest-yielding areas of the bond market.
I am very confident that these areas and the other markets we invest in through the Easy Income Portfolio will deliver high-income levels with a respectable total return over the long run.
I have no clue what they will do day to day.
That&#8217;s why I organized the portfolio so that there are asset classes that react differently to news and market movements.
If oil prices go up, royalty trusts and MLPs will go up.
&nbsp;Bond prices are likely to fall.
If the economy is strong, BDCs will fare well.
Mortgage-backed securities may lag due to rising rates in that environment.
If one zigs, I want to also own other assets that zag.
&nbsp;I want to own a collection of assets and securities, not individual companies. This gives me a high degree of additional diversification.
Almost all of our positions were up this month, but that will not always be the case.
&nbsp;As long as we focus on owning diversified pools of assets that behave differently from each other, even the bumps in the road will be subdued. The whole idea of the portfolio is to smooth out the ride, collect as much income as possible, and not worry about daily news and fluctuations.
I have no idea how 2025 will play out in the fixed-income, currency, and commodity markets. How high will traffic be, and which countries will be impacted? How will financial markets react to the tariffs? How will the economy respond to proposed immigration changes and possibly widespread government headcount reductions? How high will the dollar go against major foreign currencies, and what will that mean for the economy? Will the Fed cut rates in 2025? How many times? Will the administration&#8217;s energy policy be a plus or minus for oil and gas prices? Will office values finally finish bottoming out?
There is only one answer to all of these questions: I do not know. Neither does anyone else. Go back and look at all the highly confident predictions about both economics and markets from years past. Few, if any, come close to hitting the mark. The Easy Income Portfolio gives you the confidence to not worry about all that noise.
We do have a couple of housekeeping items this month:
Tortoise Energy Infrastructure Corp (TYG) is expected to close its merger this month. This is a significant corporate action involving Tortoise Capital Advisors, a specialized investment firm that focuses on energy sector investments. They&#8217;re making two major changes to streamline their fund offerings and enhance value for shareholders.
The first key change is a merger between two closed-end funds:
<ol start="1">
<li>Tortoise Midstream Energy Fund (Ticker: NTG) </li>
<li>Tortoise Energy Infrastructure Corp (Ticker: TYG)</li>
</ol>
TYG will be the surviving fund after the merger, creating a larger investment vehicle with approximately $1.1 billion in combined assets under management as of November 29, 2024. This larger size can benefit shareholders through improved economies of scale, which might lead to lower operating costs per share and enhanced market liquidity.
A crucial detail for current NTG shareholders is that their final distribution of $0.53 per share will be paid on December 13, 2024, to shareholders who owned the stock as of December 6, 2024.
For TYG shareholders (and future shareholders after the merger), there are two positive changes to the distribution policy:
<ol start="1">
<li>The frequency changes from quarterly to monthly distributions, which can benefit investors who rely on regular income streams by providing more frequent cash flows. </li>
<li>The distribution amount is increasing by 40% to $0.365 per share monthly. The first three payments are scheduled for:
<ul>
<li>December 31, 2024 (record date: December 24, 2024) </li>
<li>January 31, 2025 (record date: January 24, 2025) </li>
<li>February 28, 2025 (record date: February 21, 2025)</li>
</ul>
</li>
</ol>
The merger and these changes are scheduled to take effect before market opening on December 23, 2024, assuming all closing conditions are met. After this date, NTG will cease trading, and all positions will be consolidated into TYG.
That&#8217;s a huge increase in the expected level of income from this fund. Once the merger officially closes, we will own a small piece of almost every oil and gas infrastructure asset, such as pipelines and terminals, in North America. The yield on that collection of assets will be about 10%.

Monday marks the last chance for investors to receive the next dividend payout from Tortoise Energy Infr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TYG#NYSE">TYG</a>). 
<h3>What's Happening</h3>
The company announced on Thursday that it would pay shareholders a quarterly dividend of 71 cents per share. On Tuesday, Tortoise Energy Infr will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 71 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Tuesday. Shareholders who own TYG as of the end of Monday's session are eligible to receive the 71 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on November 30, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/quote/TYG">Monitor live stock price updates for Tortoise Energy Infr on Benzinga.</a>

Dividends

Monday Is Your Last Chance To Buy Tortoise Energy Infr Before The Dividend Payout

Tuesday marks the last chance for investors to receive the next dividend payout from Tortoise Energy Infr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TYG#NYSE">TYG</a>). 
<h3>What's Happening</h3>
The company announced on Thursday that it would pay shareholders a quarterly dividend of 71 cents per share. On Wednesday, Tortoise Energy Infr will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 71 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Wednesday. Shareholders who own TYG as of the end of Tuesday's session are eligible to receive the 71 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on August 31, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To read more news on Tortoise Energy Infr <a href="https://www.benzinga.com/stock//">click here</a>
<a href="https://www.benzinga.com/calendars/dividends">Click here</a> to visit our Dividends Calendar.

Tuesday Is Your Last Chance To Buy Tortoise Energy Infr Before The Dividend Payout

Over the past 3 months, House Representative Maria Elvira Salazar has executed a total of 38 transactions in the stock market, trading a total of $1,658,038 worth of stock. Of the 38 transactions, 23 were purchases and 15 were sales, leading to them to put a net total of $656,008 into the market.
<h3>Maria Elvira Salazar&#39;s Top 10 Transactions Over The Past 3 Months</h3>
<table>
<thead>
<tr>
<th>Member Name</th>
<th>Symbol</th>
<th>Company</th>
<th>Exchange</th>
<th>Transaction Date</th>
<th>Transaction Type</th>
<th>Amount</th>
</tr>
</thead>
<tbody>
<tr>
<td>Maria Elvira Salazar</td>
<td>ET</td>
<td>Energy Transfer</td>
<td>NYSE</td>
<td>2023-03-13</td>
<td>P</td>
<td>$50,001.00</td>
</tr>
<tr>
<td>Maria Elvira Salazar</td>
<td>ET</td>
<td>Energy Transfer</td>
<td>NYSE</td>
<td>2023-03-13</td>
<td>P</td>
<td>$50,001.00</td>
</tr>
<tr>
<td>Maria Elvira Salazar</td>
<td>ET</td>
<td>Energy Transfer</td>
<td>NYSE</td>
<td>2023-03-13</td>
<td>P</td>
<td>$50,001.00</td>
</tr>
<tr>
<td>Maria Elvira Salazar</td>
<td>ET</td>
<td>Energy Transfer</td>
<td>NYSE</td>
<td>2023-03-13</td>
<td>P</td>
<td>$50,001.00</td>
</tr>
<tr>
<td>Maria Elvira Salazar</td>
<td>ET</td>
<td>Energy Transfer</td>
<td>NYSE</td>
<td>2023-03-13</td>
<td>P</td>
<td>$50,001.00</td>
</tr>
<tr>
<td>Maria Elvira Salazar</td>
<td>ET</td>
<td>Energy Transfer</td>
<td>NYSE</td>
<td>2023-03-13</td>
<td>P</td>
<td>$50,001.00</td>
</tr>
<tr>
<td>Maria Elvira Salazar</td>
<td>ET</td>
<td>Energy Transfer</td>
<td>NYSE</td>
<td>2023-03-13</td>
<td>P</td>
<td>$50,001.00</td>
</tr>
<tr>
<td>Maria Elvira Salazar</td>
<td>TYG</td>
<td>Tortoise Energy Infr</td>
<td>NYSE</td>
<td>2023-03-13</td>
<td>S</td>
<td>$50,001.00</td>
</tr>
<tr>
<td>Maria Elvira Salazar</td>
<td>TYG</td>
<td>Tortoise Energy Infr</td>
<td>NYSE</td>
<td>2023-03-13</td>
<td>S</td>
<td>$50,001.00</td>
</tr>
<tr>
<td>Maria Elvira Salazar</td>
<td>TYG</td>
<td>Tortoise Energy Infr</td>
<td>NYSE</td>
<td>2023-03-13</td>
<td>S</td>
<td>$50,001.00</td>
</tr>
</tbody>
</table>
Over the past three months, House Representative Maria Elvira Salazar has executed a series of transactions with Energy Transfer (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ET#NYSE">ET</a>) and Tortoise Energy Infrastructure (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TYG#NYSE">TYG</a>). They have purchased shares of Energy Transfer on seven separate occasions, each time for an amount of $50,001.00. Additionally, they have sold shares of Tortoise Energy Infrastructure three times, also for $50,001.00 each time.&nbsp;
<h3>Maria Elvira Salazar&#39;s Sector-wise Net Investment Over Past 3 Months</h3>
It can be helpful to look at an investor&#39;s trading activity on a sector level, to see if there are any broader trends in where they are putting their money into or pulling their money out of. This can be insightful when trying to identify segments of the stock market that an investor has a positive or negative outlook on. Let&#39;s look at a breakdown of which sectors Maria Elvira Salazar invested in.
<img alt="sector breakdown chart" src="https://www.benzinga.com/files/images/story/2023/1685635586_0.png" />
They have invested a net amount of $1,156,022 in the energy sector over the past 3 months, indicating a bullish outlook on the industry. However, they have pulled out a net amount of $-496,010 from the utilities sector, suggesting a bearish sentiment towards the sector. These investments reflect their portfolio strategy and may be influenced by factors such as market trends, economic indicators, and company performance. Overall, their investment decisions highlight the importance of diversification and careful analysis of market conditions.
House Representative Maria Elvira Salazar&#39;s recent trading spree could indicate that they prefer particular sectors or companies over others and that they are re-balancing their portfolio to reflect those preferences. However, it&#39;s important to remember that congressional members can trade stock for a variety of reasons, including personal financial needs or diversification of their investment portfolios. Therefore, it&#39;s important to keep a balanced perspective and look at the stock market&#39;s performance holistically.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Stock Market Savvy: Analyzing House Representative Maria Elvira Salazar's Extensive Trading Activity

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The Office of Florida Representative Maria Elvira Salazar has reported a sale of Tortoise Energy Infr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TYG#NYSE">TYG</a>) stock on April 25, 2023. According to the Periodic Transaction Report the transaction was placed on April 25, 2023.
What Happened: A Periodic Transaction Report from the House of Representatives Clerk's Office on April 25, 2023 showed that Salazar sold $165,003 - $400,000 of <a href="www.benzinga.com/quote/TYG">Tortoise Energy Infr</a> stock.
Tortoise Energy Infr shares are trading down 1.25% at $29.14 at the time of writing.
<h3>Why Congressional Transactions Matter</h3>
Congressional transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
A Congressional transaction is when any Representative or Senator either buys or sells an individual stock. Anyone working in Congress must file a Periodic Transaction Report to inform the public of their recent transaction within 30 days of being notified of the transaction and within 45 days of the transaction date.
When a Senator or Representative makes a new purchase, that could be an indication that they expect the stock to rise.
A sale, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down.
In April 2012, Former President Barack Obama signed the STOCK Act into law. The act prohibits members of Congress from using private information given to them by their position for personal gain such as buying or selling a stock. The act also expanded disclosure requirements for members of Congress by requiring them to file a monthly disclosure. 
<h3>Trade Recap</h3>
A April filing states that Florida Representative Maria Elvira Salazar sold shares of Tortoise Energy Infr. The exact amount of the transaction remained unknown but the filing states a range of $165,003 - $400,000.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Recent Report Shows That Rep. Maria Elvira Salazar Sold Up to $400K Worth of Tortoise Energy Infr Stock

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Stocks That Hit 52-Week Lows On Friday

Thursday marks the last chance for investors to receive the next dividend payout from Tortoise Energy Infr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TYG#NYSE">TYG</a>). 
<h3>What's Happening</h3>
The company announced on Thursday that it would pay shareholders a quarterly dividend of 71 cents per share. On Friday, Tortoise Energy Infr will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 71 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own TYG as of the end of Thursday's session are eligible to receive the 71 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on February 28, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Thursday Is Your Last Chance To Buy Tortoise Energy Infr Before The Dividend Payout

Friday marks the last chance for investors to receive the next dividend payout from Tortoise Energy Infr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TYG#NYSE">TYG</a>). 
<h3>What's Happening</h3>
The company announced on Wednesday that it would pay shareholders a quarterly dividend of $0.71 per share. On Monday, Tortoise Energy Infr will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open $0.71 lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Monday. Shareholders who own TYG as of the end of Friday's session are eligible to receive the $0.71 dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on May 31, 2022. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/stock//dividends">Click here</a> to find details on Tortoise Energy Infr's previous dividends.
To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Tortoise Energy Infr: Dividend Insights

Tortoise Energy Infr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TYG#NYSE">TYG</a>) declared a dividend payable on August 31, 2021 to its shareholders as of August 9, 2021. It was also announced that shareholders of Tortoise Energy Infr's stock as of August 24, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. The ex-dividend date for Tortoise Energy Infr will be on August 23, 2021. The company's current dividend payout is at $0.36. That equates to a dividend yield of 5.51% at current price levels. 
<h2>Understanding Ex-Dividend Dates'</h2>
An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis. 
<h2>Tortoise Energy Infr's Dividend History</h2>
Over the past year, Tortoise Energy Infr has seen its dividend payouts climb upward and its yields trend downward. Last year on July 23, 2020 the company's payout sat at $0.3, which has since increased by $0.07. Tortoise Energy Infr's dividend yield last year was 7.77%, which has since decreased by 2.26%. 
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market. 
To read more about Tortoise Energy Infr <a href="https://www.benzinga.com/stock/tyg/">click here</a>.

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