TYG - Tortoise Energy Infrastructure Corp.

What this means for you

One large investor owns more than 5% of this fund but has told the regulator it is not seeking changes. That is common for banks, brokers and index funds that hold shares for their clients.

Nothing is required of you. If an investor changes its mind, it must file a new notice within days, and it will show up here.

Email me if this changes

What happened, and when

1. Sept 23, 2026

   The fund said it may sell new shares.

   Original document →

2. Aug 6, 2026

   Prudential Financial raised its stake to 91.2% of the fund's preferred shares (from 82.9%), not the common shares most holders own.

   Original document →

3. May 20, 2026

   The fund offered holders the right to buy more shares, until June 17, 2026.

   Original document →

4. May 8, 2026

   The fund said it may sell new shares.

   Original document →

5. Sept 8, 2025

   Massachusetts Mutual Life Insurance Company now owns 14.3% of the fund's preferred shares, not the common shares most holders own.

   Original document →

About this fund

• Run by Tortoise Capital Advisors LLC. Part of the Tortoiseen fund family. As of Nov 30, 2025, from the fund's yearly report. Original document →
• Size: about $1.14 billion of holdings, as of Aug 31, 2026. As of Aug 31, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund borrows about 28% on top of its own money, as of Aug 31, 2026. Borrowed money makes gains and losses bigger. About 30% of that is money the fund has borrowed by selling preferred shares. As of Aug 31, 2026, from the fund's quarterly holdings report. Original document →
• Costs: 1.2% a year in management fees; 5.5% a year in total, including interest on borrowed money. Fiscal year ended Nov 30, 2025. As of Nov 30, 2025, from the fund's yearly report. Original document →
  Among the 10 funds we follow that invest in energy and resources companies, 5 charge a lower management fee and 9 charge less in total, at their last yearly reports. Both numbers are measured against the fund's own money, not the money it borrows on top, so a fund that borrows more shows higher costs on both counts.
• Payouts: last fiscal year (ended Nov 30, 2025) the fund paid $4.49 a share. $0.15 of that was income; $4.34 was your own money back, not income. Most funds announce their monthly or quarterly payout on their own website, not in a filing with the regulator, so a cut or a raise there does not show up here until the next yearly report. A few funds do file a notice about a fixed payout; those appear under What happened, and when. As of Nov 30, 2025, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (Nov 30, 2025): $46.54. The shares traded at $44.09, about 5.3% below that. As of Nov 30, 2025, from the fund's yearly report. Original document →
• How the holdings did: up 2.6% over the last three months we have (June-Aug 2026), before the share price is taken into account. As of Aug 31, 2026, from the fund's quarterly holdings report. Original document →
• First reported to the regulator in 2003.

How this has changed

• Payouts per share: $4.49 in the fiscal year ended Nov 30, 2025; $2.98 in the year ended Nov 30, 2024; $2.84 in the year ended Nov 30, 2023.As of Nov 30, 2025, from the fund's annual report. Original document →
• Of that, your own money back rather than income: $4.34 in the year ended Nov 30, 2025; $2.53 in the year ended Nov 30, 2024; $1.19 in the year ended Nov 30, 2023.As of Nov 30, 2025, from the fund's annual report. Original document →
• Costs, including interest on borrowed money: 1.95% a year in the fiscal year ended Nov 30, 2025; 1.69% a year in the year ended Nov 30, 2024; 1.75% a year in the year ended Nov 30, 2023.As of Nov 30, 2025, from the fund's annual report. Original document →
• Size of the holdings: about $987 million at Nov 30, 2025; $562 million at Nov 30, 2024; $380 million at Nov 30, 2023. From the fund's quarterly holdings reports. Original documents: Nov 30, 2025 →, Nov 30, 2024 →, Nov 30, 2023 →.
• Borrowing: about 24% on top of its own money at Nov 30, 2025; 19% at Nov 30, 2024; 24% at Nov 30, 2023. From the fund's quarterly holdings reports. Original documents: Nov 30, 2025 →, Nov 30, 2024 →, Nov 30, 2023 →.
• The fund had about 21.1 million shares at Nov 30, 2025, up 96.3% from Nov 30, 2023.As of Nov 30, 2025, from the fund's annual report. Original document →
  In between, the fund said it may sell new shares. Original document →

What these lines mean: a payout that is your own money back, what a fund costs, borrowing.

What a holder made

• The year ended Nov 30, 2025: the shares returned +6.4%, counting payouts. As of Nov 30, 2025, from the fund's annual report. Original document →
• The year ended Nov 30, 2024: the shares returned +77.9%, counting payouts. As of Nov 30, 2024, from the fund's annual report. Original document →
• The year ended Nov 30, 2023: the shares returned -7.8%, counting payouts. As of Nov 30, 2023, from the fund's annual report. Original document →
• The year ended Nov 30, 2022: the shares returned +33.8%, counting payouts. As of Nov 30, 2022, from the fund's annual report. Original document →
• The year ended Nov 30, 2021: the shares returned +50.3%, counting payouts. As of Nov 30, 2021, from the fund's annual report. Original document →
• Those five years together: the shares returned +250.9%. $10,000 of shares bought at the start (Dec 1, 2020) would have become about $35,100 by Nov 30, 2025, with every payout counted, before tax. As of Nov 30, 2025, from the fund's annual report. Original document →
• The holdings over the last twelve months we have, to Aug 31, 2026: +15.7%. The quarterly reports carry no share price, so this is the holdings alone. As of Aug 31, 2026, from the fund's quarterly holdings report. Original document →
• Of the 8 funds that invest in energy and resources companies with a fiscal year ending within six months of this one, 5 reported a higher share return for that year and 2 a lower one. As of Nov 30, 2025, from the fund's annual report. Original document →
• A past year says nothing about the next one. All figures are the fund's own, from its reports to the regulator.

Why the shares and the holdings can differ: the gap between price and value. Why payouts count: a payout that is your own money back.

What the fund holds

All shares (100%). About 97% issued in the U.S.

The fund also sells options on its holdings to raise income.

1. Targa Resources - 13.6%
2. Williams Cos Inc/The - 11%
3. Cheniere Energy - 10.5%
4. Mplx L.P. - 8.8%
5. Oneok - 7.8%
6. Entergy - 7%
7. Energy Transfer LP - 6.5%
8. Plains GP Holdings LP - 5.8%
9. Sempra - 5.4%
10. Western Midstream Partners LP - 5.1%

As of Aug 31, 2026, from the fund's quarterly holdings report. Original document →