Tortoise Energy Independence Fund, Inc. Announces Distribution for the First Quarter of 2020, Payable on February 28, 2020
February 12, 2020 at 08:00 am EST
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Tortoise Energy Independence Fund, Inc. declared distribution of $0.1000 for the first quarter of 2020, payable on February 28, 2020 to stockholders of record on February 21, 2020.
Tortoise Energy Independence Fund, Inc. (the Fund) is a non-diversified, closed-end management investment company focused on North American crude oil and natural gas production. The Fund's primary investment objective is to seek a high level of total return with an emphasis on current distributions. The Fund invests primarily in equity securities of upstream North American energy companies that engage in the exploration and production of crude oil, condensate, natural gas and natural gas liquids that generally have a significant presence in North American oil and gas fields, including shale reservoirs. The Fund is focused on investing at least 80% of its total assets in equity securities of North American energy companies, including at least 50% of its total assets in equity securities of upstream energy companies. It may invest approximately 35% of its total assets in securities of non-United States issuers. Tortoise Capital Advisors, L.L.C. serves as the Fund's investment advisor.