Investment Companies & Venture Capital M&A » By The Online Investor Staff, updated Thu., Apr. 18, 10:15 AM
Recent mergers and acquisitions in the Investment Companies & Venture Capital M&A category.
Slide #10. Tortoise Energy Infrastructure Corp. (NYSE:TYG), Tortoise Energy Capital Corp. (NYSE:TYY) — Tortoise North American Energy Corp.
Acquirer: |
Tortoise Energy Infrastructure Corp. (NYSE:TYG), Tortoise Energy Capital Corp. (NYSE:TYY) (TYG) |
Acquiree: |
Tortoise North American Energy Corp. (TYN) |
Details: |
Tortoise Capital Advisors today announced the Board of Directors of Tortoise's closed-end funds approved a proposal to merge three of Tortoise's MLP closed-end funds: Tortoise Energy Infrastructure Corp. (NYSE:TYG), Tortoise Energy Capital Corp. (NYSE:TYY) and Tortoise North American Energy Corp. (NYSE:TYN). Subject to stockholder approval, TYY and TYN common stockholders will be issued TYG common stock and TYG would acquire substantially all of the assets and liabilities of TYY and TYN. |
Tortoise Energy Infrastructure is a closed-end management investment company. The Fund's investment objective is to seek high total return with an emphasis on current distributions.
Preferreds: TYG.PRC, TYG.PRB
Open the TYG Page at The Online Investor » Tortoise Energy Infrastructure is a closed-end management investment company. The Fund's investment objective is to seek high total return with an emphasis on current distributions.
Preferreds: TYG.PRC, TYG.PRB
Open the TYN Page at The Online Investor »