Tortoise Energy Infrastructure Corp. (TYG) Achieves Target Positioning for the Future of Energy
Tortoise’s closed-end fund, Tortoise Energy Infrastructure Corp. (TYG), has transitioned its portfolio, positioning for the future of energy growth with a current portfolio allocation of 45% renewables and power infrastructure as of November 30, 2021. This allocation expansion, up from approximately 15% upon announcement, adds diversification and expected lower volatility through low correlation across investments and adds visibility into long-term growth opportunities.
Positioned for the Future of Energy
“We are excited to have reached our target portfolio as laid out in November 2020. We believe the portfolio is well positioned to generate positive risk-adjusted returns for its shareholders by investing in a broader universe of companies that facilitate energy consumption in ways that ultimately reduce emissions”, said Matt Sallee, President – Tortoise. “Further, we see energy infrastructure playing a tremendous role in decarbonizing the energy necessary for the economy to function and maintain our standard of living.”
Lesen Sie auch
Below depicts the shift in TYG’s decarbonization infrastructure portfolio allocation.
|
|
Tortoise Energy Infrastructure Corp. (TYG) |
|||
|
|
|
|
|
|
|
|
10/31/2020 |
|
|
11/30/2021 |
Natural Gas Infrastructure |
|
44% |
|
|
45% |
Liquids Infrastructure |
|
37% |
|
|
9% |
Renewables and Power Infrastructure |
|
15% |
|