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OVERLAND PARK, KS / ACCESSWIRE / February 27, 2024 / Tortoise Energy Infrastructure Total Return Fund (NASDAQ:TORIX) announced a quarterly distribution of $0.1980 per share, which is a notable increase quarter-over-quarter.
Within the energy infrastructure sector, the trend of free cash flow increasingly directed towards share buybacks and improved current yield has continued. As a result, we are passing along the value from higher distribution growth to our shareholders.
We now have greater conviction in potential 5-7% sector growth over the medium-term. "Based on longer-dated guidance and disciplined capital return policies, energy infrastructure management teams are increasingly confident in the outlook for the next several years, not just the year ahead," said Brian Kessens, Senior Portfolio Manager, Managing Director.
Tortoise believes it can return dividends and distributions to shareholders in the form of a quarterly payout going forward. The fund continues to invest for total return.
Distribution Date and Amounts
Tortoise Energy Infrastructure Total Return Fund paid the following distributions on February 22, 2024, to shareholders of record on February 21, 2024.
| Share Class | Amount |
| TORIX | $0.1980 |
| TORTX | $0.1980 |
| TORCX | $0.1980 |
About Tortoise
Tortoise focuses on energy & power infrastructure and the transition to cleaner energy. Tortoise's track record of energy value chain investment experience and research dates back more than 20 years. As an early investor in midstream energy, Tortoise believes it is well-positioned to be at the forefront of the global energy evolution that is underway. With a steady wins approach and a long-term perspective, Tortoise strives to make a positive impact on clients and communities. To learn more, please visit www.tortoiseadvisors.com.
About Tortoise Energy Infrastructure Total Return Fund
The Tortoise Energy Infrastructure Total Return Fund focuses on the large and diverse North American pipeline universe. The fund invests primarily in equity securities of energy infrastructure companies that process, store, transport and market natural gas, natural gas liquids, refined products and crude oil (i.e., midstream infrastructure) as well as generate, transport and distribute electricity (i.e., power & renewable infrastructure)."
Disclosures
TCA Advisors is the adviser to the Tortoise Energy Infrastructure Total Return Fund.
Quasar Distributors, LLC, distributor.
Nothing contained in this communication constitutes tax, legal, or investment advice. Investors must consult their tax advisor or legal counsel for advice and information concerning their particular situation. Distributions are not guaranteed. Please consult the prospectus for additional information.