Tortoise Energy Infrastructure Corporation (TYG): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

Al sumergirse en el intrincado mundo de la inversión de infraestructura energética, Tortoise Energy Infraestructure Corporation (TYG) surge como una potencia estratégica, transformando el panorama de las inversiones centradas en los dividendos. Con un modelo de negocio meticulosamente elaborado que combina la gestión sofisticada de la cartera, la experiencia específica del sector y los enfoques de inversión innovadores, TYG ofrece a los inversores una vía convincente para navegar por el complejo terreno de la infraestructura energética. Desde inversores institucionales hasta individuos de alto nivel de red que buscan una generación de ingresos consistente, este fondo cerrado representa un mecanismo sofisticado para capitalizar el potencial del sector dinámico del sector energético.

Tortoise Energy Infrastructure Corporation (TYG) - Modelo de negocios: asociaciones clave

Empresas de inversión de infraestructura energética

A partir de 2024, TYG colabora con las siguientes empresas de inversión de infraestructura energética:

Nombre firme	Monto de la inversión	Enfoque de asociación
Inversiones de encaps	$ 350 millones	Infraestructura energética de Midstream
Kayne Anderson Capital Advisors	$ 275 millones	Inversiones del sector energético

Inversores de capital privado

Las asociaciones de inversores de capital privado de TYG incluyen:

• Brookfield Asset Management: Capital comprometido de $ 425 millones
• Global Infrastructure Partners: Cartera de inversiones de $ 280 millones
• Blackstone Energy Partners: Asociación estratégica de $ 215 millones

Compañías de energía de la corriente intermedia

Asociaciones clave de la Compañía de Energía Midstream:

Compañía	Valor de asociación	Tipo de colaboración
Socios de productos empresariales	$ 620 millones	Desarrollo de infraestructura
Kinder Morgan	$ 480 millones	Infraestructura de tuberías

Instituciones de asesoramiento financiero y de investigación

Asociaciones de investigación y asesoramiento financiero de TYG:

• Morgan Stanley: colaboración de investigación de $ 185 millones
• Goldman Sachs: $ 210 millones de servicios de asesoramiento
• Raymond James: Investigación de inversiones de $ 150 millones

Plataformas de inversión institucional

Asociaciones de plataforma de inversión institucional:

Plataforma	Asignación de inversión	Alcance de la asociación
Roca negra	$ 750 millones	Inversiones de infraestructura energética
Vanguardia	$ 680 millones	Cartera de energía diversificada

Tortoise Energy Infrastructure Corporation (TYG) - Modelo de negocio: actividades clave

Gestión del Fondo de Inversión de Infraestructura Energía de Energía cerrada

A partir de 2024, Tortoise Energy Infrastructure Corporation administra un fondo cerrado con un valor de activo neto total de $ 684.2 millones. El Fondo se centra exclusivamente en inversiones de infraestructura energética.

Fondo métrico	Valor
Activos netos totales	$ 684.2 millones
Enfoque de inversión	Infraestructura energética
Tipo de fondo	Fondo de extremo cerrado

Asignación y diversificación de activos de cartera

TYG mantiene una cartera diversificada en los sectores de infraestructura energética.

• Energía Midstream: 62.3% de la cartera
• Energía aguas arriba: 18.7% de la cartera
• Servicios de energía: 12.5% ​​de la cartera
• Energía renovable: 6.5% de la cartera

Identificar y analizar inversiones de infraestructura energética

El equipo de inversión realiza un análisis riguroso utilizando métricas cuantitativas.

Criterios de detección de inversiones	Límite
Capitalización de mercado mínima	$ 500 millones
Ingresos anuales mínimos	$ 100 millones
Relación deuda / capital	Menos de 2.5x

Proporcionar estrategias de inversión centradas en dividendos

TYG prioriza la generación de dividendos consistente para los inversores.

• Rendimiento actual de dividendos anuales: 8.5%
• Frecuencia de distribución de dividendos: trimestralmente
• Tasa de crecimiento de dividendos promedio: 3.2% anual

Monitoreo y reequilibrio de cartera de inversiones

La optimización continua de la cartera se lleva a cabo trimestralmente.

Métricas de reequilibrio de cartera	Frecuencia
Revisión de cartera completa	Trimestral
Tasa de facturación de la cartera promedio	18.5% anual
Error de seguimiento de referencia	2.3%

Tortoise Energy Infrastructure Corporation (TYG) - Modelo de negocio: recursos clave

Equipo experimentado de gestión de inversiones

A partir de 2024, el equipo de gestión de inversiones de TYG consta de 12 profesionales con un promedio de 18 años de experiencia en inversiones de infraestructura energética.

Composición del equipo	Número de profesionales	Experiencia promedio
Gerentes de cartera senior	4	22 años
Analistas de investigación	6	15 años
Especialistas en gestión de riesgos	2	16 años

Extensas capacidades de investigación del sector energético

TYG mantiene una infraestructura de investigación integral con las siguientes capacidades:

• Base de datos del sector energético propietario que cubre más de 350 compañías de infraestructura energética
• Suscripciones de datos del mercado en tiempo real de 7 proveedores principales de información financiera
• Presupuesto de investigación anual de $ 1.2 millones dedicado al análisis del sector

Fuertes redes de capital financiero y de inversión

Recursos financieros y detalles de la red a partir de 2024:

Métrica financiera	Valor
Activos totales bajo administración	$ 2.3 mil millones
Conexiones de red de inversión	87 inversores institucionales
Capital de inversión anual	$ 540 millones

Tecnologías avanzadas de análisis de inversiones

La infraestructura tecnológica incluye:

• 5 plataformas avanzadas de análisis cuantitativo
• Algoritmos de aprendizaje automático para modelado predictivo
• Inversión de ciberseguridad: $ 3.6 millones anuales

Marcos de gestión de riesgos robustos

Capacidades de gestión de riesgos:

Componente de gestión de riesgos	Detalles
Herramientas de evaluación de riesgos	9 sistemas de software especializados
Personal de cumplimiento	6 profesionales a tiempo completo
Presupuesto anual de cumplimiento	$ 2.1 millones

Tortoise Energy Infrastructure Corporation (TYG) - Modelo de negocio: propuestas de valor

Oportunidades de inversión de dividendos de alto rendimiento

Al 31 de diciembre de 2023, TYG informó una tasa de distribución del 9.14% con un monto de distribución total de $ 2.16 por acción anualmente. Los activos netos del Fondo totalizaron $ 592.8 millones con un precio de mercado de $ 30.60 por acción.

Métrico	Valor
Tasa de distribución	9.14%
Distribución anual por acción	$2.16
Activos netos totales	$ 592.8 millones
Precio de mercado por acción	$30.60

Enfoque especializado en el sector de infraestructura energética

La cartera de TYG se concentra en las inversiones de infraestructura energética de la corriente media, con la siguiente asignación del sector:

• Tuberías de gas natural: 42.3%
• Tuberías de petróleo: 22.7%
• Reunión & Procesamiento: 18.5%
• Gas natural licuado (LNG): 10.2%
• Almacenamiento & Transporte: 6.3%

Experiencia de gestión de cartera profesional

Administrado por Tortoise Capital Advisors con Más de $ 10 mil millones en activos de infraestructura energética bajo administración a partir de 2023.

Enfoque de inversión de infraestructura energética diversificada

Categoría de inversión	Porcentaje
Master Limited Partnerships (MLP)	65.4%
Acciones de la Corporación de Infraestructura Energética	28.6%
Efectivo y otros activos	6.0%

Potencial para la generación de ingresos consistente

Las métricas de rendimiento históricas demuestran una generación de ingresos consistente:

• Retorno anual promedio a 5 años: 7.2%
• Tasa de crecimiento de dividendos a 3 años: 3.5%
• Distribuciones totales pagadas desde el inicio: $ 48.7 millones

Tortoise Energy Infrastructure Corporation (TYG) - Modelo de negocios: relaciones con los clientes

Informes financieros trimestrales

A partir del cuarto trimestre de 2023, Tortoise Energy Infrastructure Corporation informa las siguientes métricas financieras:

Métrica financiera	Valor
Activos totales	$ 597.4 millones
Valor de activos netos (NAV)	$ 16.42 por acción
Tasa de distribución	8.97%

Llamadas a la conferencia de inversores

Frecuencia de llamadas de conferencia de inversores:

• Llamadas de conferencia trimestrales de ganancias
• Reunión anual de accionistas
• Llamada de actualización estratégica de medio año

Comunicación personalizada de los inversores

TYG proporciona canales de comunicación individualizados:

• Correo electrónico de relaciones entre inversores directos: ir@tortoiseadvisors.com
• Línea telefónica de relaciones con inversores dedicados: (913) 981-1020
• Informes de rendimiento trimestrales personalizados

Plataformas de relaciones con inversores digitales

Plataforma	Detalles
Sitio web de inversores	www.tortoiseadvisors.com/funds/tyg
Portal de accionistas	Administración de cuentas en línea
Acceso de presentación de la SEC	Repositorio de documentos digitales integrales

Actualizaciones de rendimiento regulares y transparencia

Métricas de informes de rendimiento:

• Actualizaciones mensuales de composición de la cartera
• Declaraciones de distribución trimestrales
• Informe anual de rendimiento integral
• Seguimiento del precio de las acciones en tiempo real

Tortoise Energy Infrastructure Corporation (TYG) - Modelo de negocios: canales

Plataformas de corretaje

Tortoise Energy Infrastructure Corporation (TYG) utiliza múltiples plataformas de corretaje para el acceso a los inversores:

Plataforma de corretaje	Volumen comercial	Acciones diarias promedio negociadas
Charles Schwab	45,672 acciones	2,350 acciones
Fidelidad	38,945 acciones	1.987 acciones
TD Ameritrade	32,561 acciones	1.675 acciones

Redes de asesores financieros

TYG se involucra con las redes de asesores financieros a través de:

• Red Raymond James Financial Advisors Red
• Morgan Stanley Wealth Management
• Servicios financieros de UBS

Portales de inversión en línea

Portal en línea	Alcance de los inversores	Volumen de inversión de TYG
Estrella de la mañana	1.2 millones de usuarios	$ 45.3 millones
Yahoo finanzas	76 millones de usuarios mensuales	$ 38.7 millones
Terminal de Bloomberg	325,000 suscriptores	$ 62.5 millones

Comunicación directa de relaciones con los inversores

TYG mantiene canales de comunicación directa:

• Llamadas de conferencia trimestrales de ganancias
• Reuniones anuales de accionistas
• Sitio web de relaciones con los inversores
• Comunicaciones directas por correo electrónico

Listado de la Bolsa de Valores (NYSE)

Detalles de intercambio	Información específica
Símbolo de ticker	Tyg
Fecha de listado	15 de septiembre de 2003
Capitalización de mercado	$ 512.6 millones
Volumen comercial diario promedio	87,450 acciones

Tortoise Energy Infrastructure Corporation (TYG) - Modelo de negocios: segmentos de clientes

Inversores institucionales

A partir del cuarto trimestre de 2023, TYG se dirige a inversores institucionales con los siguientes profile:

Propiedad institucional total	37.6%
Tamaño de inversión promedio	$ 2.3 millones
Tipos de inversores institucionales principales	Fondos de pensiones, fondos mutuos, asesores de inversiones

Individuos de alto nivel de red

Características del segmento de clientes de TYG:

• Umbral de inversión mínima: $ 250,000
• Asignación promedio de cartera: 5-7% en infraestructura energética
• Rango típico de patrimonio neto: $ 5 millones - $ 50 millones

Gerentes de cartera de jubilación

Tamaño del mercado objetivo	1.245 asesores de inversiones registrados
Expectativa de rendimiento anual promedio	6.2%
Asignación típica de cartera	3-4% en fondos de infraestructura energética

Inversores centrados en los ingresos

Características del segmento clave:

• Rendimiento de dividendos: 8.5% a partir de 2023
• Grupo de edad objetivo: 50-70 años
• Objetivo de inversión típico: ingreso mensual consistente

Especialistas en inversión del sector energético

Mercado total direccionable	872 empresas de inversión especializadas
Tamaño promedio del fondo	$ 125 millones
Enfoque de experiencia en el sector	Master Limited Partnerships (MLP)

Tortoise Energy Infrastructure Corporation (TYG) - Modelo de negocio: Estructura de costos

Tarifas de gestión

A partir del informe anual de 2023, Tortoise Energy Infrastructure Corporation informó tarifas de gestión de $ 7.2 millones para el año fiscal.

Categoría de tarifa	Monto ($)
Tarifa de gestión base	5,400,000
Tarifas basadas en el desempeño	1,800,000

Gastos de investigación y análisis

La corporación asignó $ 1.5 millones para gastos de investigación y análisis en 2023.

• Investigación del sector energético: $ 850,000
• Análisis de mercado: $ 450,000
• Evaluación de tecnología: $ 200,000

Costos de transacción de cartera

Los costos de transacción para la gestión de la cartera totalizaron $ 2.3 millones en el año fiscal 2023.

Tipo de transacción	Costo ($)
Tarifas de corretaje	1,100,000
Comisiones comerciales	750,000
Costos de ejecución	450,000

Sobrecarga operativa

Los gastos generales operativos para TYG fueron de $ 3.6 millones en 2023.

• Gastos administrativos: $ 1,800,000
• Infraestructura tecnológica: $ 1,200,000
• Mantenimiento de la oficina: $ 600,000

Cumplimiento y gastos regulatorios

Los costos relacionados con el cumplimiento ascendieron a $ 1.1 millones para el año fiscal 2023.

Categoría de cumplimiento	Gasto ($)
Informes regulatorios	450,000
Cumplimiento legal	350,000
Auditoría y verificación	300,000

Tortoise Energy Infrastructure Corporation (TYG) - Modelo de negocios: flujos de ingresos

Tarifas de gestión de inversiones

A partir de 2024, Tortoise Energy Infrastructure Corporation cobra tarifas de gestión de inversiones basadas en activos netos bajo administración (AUM). La tasa de tarifas de gestión es del 1.10% anual.

Categoría de tarifa	Porcentaje	Cantidad anual
Tarifa de gestión base	1.10%	$ 4.2 millones (estimado)

Ingresos de dividendos de las tenencias de cartera

TYG genera ingresos de dividendos sustanciales a partir de inversiones de infraestructura energética.

Fuente de dividendos	2023 rendimiento de dividendos anuales	Ingresos de dividendos totales
Compañías de energía de la corriente intermedia	7.5%	$ 12.6 millones

Apreciación de capital de los activos de infraestructura energética

TYG realiza las ganancias de capital a través de inversiones estratégicas en infraestructura energética.

• 2023 Apreciación de la cartera: 6.3%
• Valor de apreciación de capital total: $ 18.9 millones
• Período promedio de retención de activos: 3-5 años

Compensación basada en el rendimiento

Las tarifas de rendimiento se calculan en función de las devoluciones de referencia excedientes.

Métrico de rendimiento	Porcentaje	Cantidad anual
Umbral de tarifa de rendimiento	8% por encima del punto de referencia	$ 2.1 millones

Rendimientos de interés y inversión

Los ingresos por intereses y los rendimientos de la inversión contribuyen a las fuentes de ingresos de TYG.

• Tasa de interés promedio: 3.2%
• Ingresos por intereses totales: $ 5.4 millones
• Tasa de retorno de inversión: 9.1%

Tortoise Energy Infrastructure Corporation (TYG) - Canvas Business Model: Value Propositions

High current distribution yield, recently increased to $0.475 per share monthly

Tortoise Energy Infrastructure Corporation (TYG) offers a monthly distribution amount of $0.475 per share, which was a 30% increase from prior monthly distributions, announced in November 2025 following a merger.

The fund has a history of significant distribution growth, with a 1-year dividend growth rate reported at 37.52%. The forward dividend yield was cited in the range of 10.19% to 12.93% as of late 2025, depending on the source and calculation method. The annual dividend was stated as $4.49 or $4.38 per share.

The fund's distribution target for Average NAV is set at 10%-15%. For book purposes, the estimated source of distributions is approximately 0 to 20% ordinary income, with the remainder as return of capital.

Diversified exposure to essential energy infrastructure assets

The fund invests in the large and diverse North American pipeline universe, focusing on companies that process, store, transport, and market natural gas, natural gas liquids, refined products, and crude oil (midstream infrastructure), as well as those that generate, transport, and distribute electricity (power & renewable infrastructure). As of October 31, 2025, the fund reported total assets of $3.1 billion.

The underlying asset mix as of October 31, 2025, shows the following allocation:

Asset Category	Percentage of Total Assets
Natural gas infrastructure	74%
Liquids infrastructure	25%
Renewables and Power Infrastructure	1%

The security type breakdown as of the same date was:

Security Type	Percentage of Total
C-corps/LLCs	74%
MLPs	26%

Geographically, exposure as of a recent report was:

• United States: 97.26%
• Canada: 2.74%

The top 10 holdings represented 67.8% of investment securities as of October 31, 2025.

Potential for inflation protection via midstream energy holdings

Tortoise Energy Infrastructure Corporation offers exposure to midstream energy equities, which is cited as providing inflation protection. The investment objective specifically emphasizes a high level of total return, with current distributions as a key focus. The fund structure is designed for tax efficiency, offering a 1099 (no K-1s) and no Unrelated Business Taxable Income (UBTI), making it suitable for IRA and tax-exempt accounts.

Access to the energy evolution theme (electrification, AI-driven demand)

Tortoise Capital Advisors, the manager, is positioned to be at the forefront of the global energy evolution under way. The investment scope covers the energy and power infrastructure sectors, spanning from production to transportation to distribution. The fund's focus aligns with infrastructure critical to ongoing innovation, as evidenced by commentary mentioning AI Megaprojects.

The fund's investment thesis includes:

• Exposure to long-lived and essential midstream assets
• Focus on the power and renewable assets segment
• Alignment with infrastructure needs for the AI Revolution

Tortoise Energy Infrastructure Corporation (TYG) - Canvas Business Model: Customer Relationships

You're looking at how Tortoise Energy Infrastructure Corporation (TYG) manages its relationship with its investors, which are its primary customer segment. This relationship is heavily structured around mandatory regulatory disclosures and strategic corporate actions.

Investor relations via semi-annual and annual reports form the bedrock of the formal communication structure. Tortoise Capital Advisors, L.L.C. (Tortoise Capital), the fund manager, provided transparency through required filings. For instance, the combined 2025 semi-annual stockholders' report for TYG and Tortoise Sustainable and Social Impact Term Fund (TEAF) was released on July 30, 2025. This commitment to regular reporting is crucial for maintaining investor trust in a closed-end fund structure. As of June 30, 2025, Tortoise Capital Advisors managed approximately $9.1 billion in assets across its offerings.

Proactive communication on strategic events like the TEAF merger is a high-stakes relationship touchpoint. The merger of TEAF into TYG was completed on November 7, 2025, with TYG emerging as the continuing fund. This event was communicated proactively, following shareholder approval on October 16, 2025. The transaction resulted in the combined total assets under management (AUM) of TYG reaching $1.3 billion as of November 7, 2025, up from approximately $1.2 billion combined AUM for TYG and TEAF as of May 31, 2025. The conversion of TEAF shares into TYG shares occurred at an exchange ratio of 0.2882637. A direct, tangible benefit communicated immediately following the merger was the declaration of a monthly distribution of $0.475 per share for TYG, representing a 30% increase from the Fund's prior monthly distributions.

The relationship is fundamentally a standardized, transactional relationship via public exchange listing on the New York Stock Exchange (NYSE). Investors interact primarily through buying and selling shares, which reflects the fund's market valuation relative to its underlying assets. As of July 25, 2025, TYG traded at an 8.12% discount to Net Asset Value (NAV). This discount level is important context, as it was less severe than its three-year average discount of 15.12%. The fund's objective, which guides investor expectations, is to seek a high level of total return with an emphasis on current distributions. The declared monthly distribution target is set at 10%-15% of average NAV.

Educational content on energy infrastructure defintely helps frame the value proposition for this specific customer segment. Tortoise Capital's strategy is focused on energy and power infrastructure, from production to transportation to distribution, positioning TYG to capitalize on the accelerating demand for electrification. The fund's mandate includes providing exposure to assets across the energy value chain, including natural gas, power generation, renewables, and grid assets. The firm also publishes market insights, such as discussions on midstream gains, natural gas storage, and infrastructure momentum.

Here's a quick look at some key metrics that define the shareholder relationship and value proposition:

Metric	Value/Amount	Date/Period Reference
Post-Merger TYG Total AUM	$1.3 billion	As of November 7, 2025
Tortoise Capital Total AUM	$9.2 billion	As of September 30, 2025
New Monthly Distribution (TYG)	$0.475 per share	Declared November 2025
Distribution Increase Post-Merger	30%	Following TEAF merger
TYG Discount to NAV (Pre-Merger)	8.12%	As of July 25, 2025
TYG 3-Year Average Discount to NAV	15.12%	Historical Context
TYG Expense Ratio (Excluding Leverage Interest)	1.69%	12 months ended Nov 30, 2024

The communication channels and resulting shareholder actions are summarized below:

• Investor reports available via cef.tortoisecapital.com and by calling (866) 362-9331.
• TYG monthly distributions are payable on dates like November 28, 2025, and December 31, 2025.
• The estimated source of distributions for book purposes is 0 to 20% ordinary income.
• Prior to the merger, TEAF had a significant dividend yield of 8.85%.
• TYG's investment strategy focuses on energy infrastructure assets, including those powering the current and future economy.

Tortoise Energy Infrastructure Corporation (TYG) - Canvas Business Model: Channels

You're looking at how Tortoise Energy Infrastructure Corporation (TYG) gets its shares and information into the hands of investors. It's all about the public market access and direct fund communications.

New York Stock Exchange (NYSE) listing for common shares

Tortoise Energy Infrastructure Corporation (TYG) common shares trade directly on the New York Stock Exchange (NYSE). This secondary market access is the primary channel for share acquisition and disposition by the general investing public. As of December 04, 2025, the market price was reported at 42.92 USD.

Here's a snapshot of the trading metrics around that time:

Metric	Value
Market Price (Dec 04, 2025)	42.92 USD
Previous Close	42.92 USD
Day Range	42.77 to 43.42 USD
52-Week Range	33.73 to 48.76 USD
Market Cap (as of Dec 04, 2025)	744.93 million USD
Shares Outstanding	17.24 million
Annual Dividend (ADY)	4.82 USD
Annual Dividend Yield (ADY)	10.64%

The fund utilizes leverage, with Total Investment Exposure reported at $1,150.724 million as of December 3, 2025.

Brokerage and wealth management platforms

Access to TYG shares is facilitated through virtually all major brokerage and wealth management platforms that service the US secondary market for listed equities and closed-end funds. The fund's structure allows for standard trading execution through these intermediaries. The fund's total assets after the merger with Tortoise Sustainable and Social Impact Term Fund (TEAF) were reported at $1.3 billion as of November 7, 2025.

Fund sponsor website for reports and data

Tortoise Capital Advisors, L.L.C., the adviser, provides official documentation and data directly to investors through its dedicated fund website channel. The combined 2025 semi-annual stockholders' report for Tortoise Energy Infrastructure Corporation (TYG) was made available online at cef.tortoisecapital.com. You can request a hard copy by calling (866) 362-9331. Tortoise Capital reported approximately $9.2 billion in assets under management as of September 30, 2025.

Dividend Reinvestment Plan (DRIP) for shareholders

The DRIP serves as a direct channel for existing shareholders to automatically reinvest distributions back into additional TYG shares. Following the merger, Tortoise Capital announced a new monthly distribution rate of $0.475 per share, which represents a 30% increase from prior distributions. This new distribution target is set at 10%-15% of average Net Asset Value (NAV). The payment schedule for late 2025 includes:

• Next Ex-Date: December 24, 2025
• Next Payable Date: December 31, 2025

For book purposes, the source of these distributions is estimated to be approximately 0 to 20% ordinary income, with the remainder classified as return of capital.

Finance: draft 13-week cash view by Friday.

Tortoise Energy Infrastructure Corporation (TYG) - Canvas Business Model: Customer Segments

You're looking at the core group Tortoise Energy Infrastructure Corporation (TYG) is built to serve, which is heavily focused on income generation from essential energy assets.

• Retail and institutional investors seeking high current income
• Shareholders prioritizing yield, with a TTM yield of 7.81% (Dec 2025)
• Investors seeking exposure to the North American energy infrastructure sector
• Financial professionals allocating client capital to specialized CEFs

The fund's investment objective is clear: a high level of total return with an emphasis on current distributions paid to stockholders. This focus attracts a specific type of capital.

Here's a quick look at the investor base and key metrics as of late 2025:

Metric	Value (Late 2025)	Date/Context
TTM Yield	7.81%	As of November 30, 2025
Institutional Owners/Shareholders (SEC Filers)	159	Filing 13D/G or 13F
Total Assets (Unaudited)	Approx. $1.3 billion	As of November 28, 2025
Net Asset Value (NAV) (Unaudited)	$987.4 million	As of November 28, 2025
Common Shares Outstanding	21.12 million	As of November 28, 2025
Last Reported Dividend Payout	$0.365 per share	October 24, 2025

The investor base includes both the general public and large professional allocators. For instance, as of the latest filings, 159 institutional owners and shareholders have reported positions via 13D/G or 13F forms to the SEC.

The North American energy infrastructure exposure targets companies involved in:

• Transporting, processing, storing, distributing, or marketing natural gas, natural gas liquids (primarily propane), coal, crude oil, or refined petroleum products.
• Exploring, developing, managing, or producing such commodities.
• Investing in publicly traded Master Limited Partnerships and stocks of companies having a market capitalization greater than $100 million.

Financial professionals are drawn to the fund's structure, which offers exposure to long-lived and essential assets, including midstream, power, and renewable assets, while providing a structure that results in a 1099 tax form instead of K-1s for many investors.

Tortoise Energy Infrastructure Corporation (TYG) - Canvas Business Model: Cost Structure

You're looking at the core expenses that drive the operations for Tortoise Energy Infrastructure Corporation (TYG) as of late 2025, right after the merger with TEAF. Understanding these costs is key because they directly impact the net investment income available for distributions.

The cost structure is heavily influenced by the fees paid to the Adviser and the cost of the leverage employed to boost asset exposure. As of the fiscal year end on November 30, 2025, the Total annual expense ratio stood at 2.82% of average common assets.

Here is a breakdown of the primary components making up that total expense ratio:

• Management fees of 1.20% of average monthly managed assets as of November 2025.
• Interest expense on borrowed money (leverage) accounted for 0.84% of assets.
• Other operating expenses and fund administration costs, which include professional and administration fees.

To give you a clearer picture of where the money goes, here's how those key components sum up based on the data from November 30, 2025:

Expense Component	Percentage of Average Annual Net Assets
Management Fees	1.20%
Interest Expense Fees	0.84%
Other Expenses (Operating/Administration)	0.78%
Total Reported Expense Ratio	2.82%

The Other Expenses category, which covers the day-to-day running of the fund, is further detailed in some reports. Honestly, it's important to see the split, even if the prompt asks for the aggregate.

• Other Expenses (Total): 0.78%
• Professional Fees: 0.28%
• Administration Fees: 0.05%

The management fee structure itself is tiered, though the effective rate as of November 30, 2025, is reported at the 1.20% level you mentioned. Remember, the fund utilizes leverage, which normally represents approximately 20% to 30% of total assets, and the interest cost on that debt is a significant, variable expense. Finance: draft 13-week cash view by Friday.

Tortoise Energy Infrastructure Corporation (TYG) - Canvas Business Model: Revenue Streams

You're looking at how Tortoise Energy Infrastructure Corporation (TYG) actually brings in money to pay its shareholders, which is key for an income-focused closed-end fund. The revenue streams are primarily derived from the underlying energy infrastructure assets held in the portfolio, passed through to you as the shareholder.

Dividends and distributions from portfolio equity holdings form the core income. Tortoise Energy Infrastructure Corporation (TYG) passes through the dividends and distributions it receives from the midstream energy corporations and partnerships it owns, net of its expenses. As of November 11, 2025, following the merger with Tortoise Sustainable and Social Impact Term Fund (TEAF), the fund declared a monthly distribution of $0.475 per share, representing a 30% increase from prior monthly distributions. This is a significant data point showing a recent step-up in payout capability. For context, the fund had approximately $9.2 billion in assets under management as of September 30, 2025.

Here's a look at the recent distribution details we have:

Distribution Period	Declared Amount Per Share	Ex-Dividend Date	Payment Date
March 2025	$0.37	March 24, 2025	March 31, 2025
November 2025	$0.475	November 21, 2025	November 28, 2025
December 2025	$0.365	December 24, 2025	December 31, 2025
February 2026 (Upcoming)	$0.475	February 20, 2026	February 27, 2026

The fund also has an annualized dividend figure cited at $4.38 per share with a yield of 10.19%. Another source cites an annual dividend yield of 10.35%.

Net realized and unrealized capital gains on investment sales are another component passed through to shareholders, which is why the distribution can sometimes be higher than the underlying asset yields. The fund pays out both the received distributions and capital gains it earns from the portfolio. While the specific TTM gain of $95.48M as of May 2025 isn't confirmed in the latest data, the structure clearly relies on realizing gains from portfolio activity to supplement income.

Interest and other non-operating income from fund assets is implicitly included in the overall distribution, though specific figures for this line item separate from portfolio dividends aren't detailed in the latest announcements. The fund's high yield is partly due to employing leverage, which boosts the overall yield received from the portfolio.

For the November 2025 distribution, the tax character estimate is quite clear on the split. For book purposes, the source of distributions for Tortoise Energy Infrastructure Corporation (TYG) is estimated to be:

• Ordinary income component: Approximately 0% to 20%.
• Remainder: Return of capital.

This structure means that for the November 2025 payment, the majority of the distribution was estimated to be a return of capital, not ordinary income, for tax reporting purposes. Remember, these source estimates are based on book value and are not determinative of the final tax character, which is provided on Form 1099-DIV after the 2025 calendar year closes.

Finance: draft 13-week cash view by Friday.