Tortoise Energy Infrastructure Corp. (NYSE: TYG) has begun a public offering of 2,500,000 shares of common stock. The company plans to grant the underwriters in the offering a 45 day option to purchase 375,000 additional shares of common stock in order to cover over-allotments.
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The company plans to use its net proceeds to invest in energy infrastructure companies in accordance with its investment objective and policies or for working capital purposes.
About Tortoise Energy Infrastructure Corp.
Tortoise Energy Infrastructure Corp. owns a portfolio of master limited partnership investments in the energy infrastructure sector. Tortoise Energy Infrastructure Corp.’s goal is to provide its stockholders a high level of total return with an emphasis on current distributions.
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