checkAd

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.”

Below depicts the shift in TYG’s decarbonization infrastructure portfolio allocation.

 

 

Tortoise Energy Infrastructure Corp. (TYG)

 

 

 

 

 

 

 

 

10/31/2020
Portfolio

 

 

11/30/2021
Portfolio

Natural Gas Infrastructure

 

44%

 

 

45%

Liquids Infrastructure

 

37%

 

 

9%

Renewables and Power Infrastructure

 

15%

 

Seite 1 von 2


Nachrichtenquelle: Business Wire (engl.)
08.12.2021, 00:45  |  104   |   |   

Schreibe Deinen Kommentar

Bitte melden Sie sich an, um zu kommentieren. Anmelden | Registrieren

 

Disclaimer

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, …

Nachrichten des Autors

Titel
Titel
Titel
Titel