Tortoise Energy Independence Fund, Inc:NDP

    Manage Alerts

    Overview

    As of 7/2/2020

     Share
    Price
    NAVPremium/
    Discount
    Current$11.57$15.54-25.55%
    52 Wk Avg$27.05$29.42-11.27%
    52 Wk High$57.60$49.0426.05%
    52 Wk Low$6.00$9.52-29.78%
    Regular Distribution TypeIncome Only
    Distribution Rate27.66%
    Distribution Amount$0.8000
    Distribution FrequencyQuarterly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    Under normal circumstances, we will invest at least 80% of our Total Assets in equity securities of North American energy companies, including at least 70% of our Total Assets in equity securities of upstream energy companies. We define Total Assets as the value of securities, cash or other assets held, including securities or assets obtained through leverage, and interest accrued but not yet received. We will invest in equity securities that are publicly traded on an exchange or in the OTC market, primarily consisting of common stock, but also including, among others, MLP and LLC common units. We consider a company to be a North American energy company if (i) it is organized under the laws of, or maintains its principal place of business in, the U.S. or Canada, and (ii) at least 50% of its assets, cash flow or revenue is associated with the exploration, development, drilling, completion or production of crude oil, condensate, natural gas and NGLs, or providing associated transportation, processing, storage, servicing and equipment. We consider a company to be an upstream energy company if (i) at least 50% of its assets, cash flow or revenue is associated with the exploration, development, drilling, completion or production of crude oil, condensate, natural gas and NGLs or (ii) its business is related to energy production or refining as defined by the SIC system.

    Capital Structure

    As of 7/2/2020

    Total Investment Exposure:$55.191M
    Total Common Assets:$28.691M
    Common Shares Outstanding:1,846,250
    Leverage

    As of 5/31/2017

    Preferred Share Assets:
    Total Debt (USD): $26.500M
    Regulatory Leverage (USD): $26.500M
    Effective Leverage (USD): $26.500M
    Effective Leverage (%): 48.02%
    Annual Expense Ratios

    As of 11/30/2019

      Per Common Share
    Management Fees1.52%
    Other Expenses:0.50%
    Baseline Expense: N/A
    Interest Expense:1.31%
    Total: 3.33%
    Fund Management

    Fund Sponsor
    Tortoise Capital Advisors

    Portfolio Managers
    Robert J. Thummel, Brett Jergens

    Basics
    Category: Equity-Sector Equity
    Ticker: NDP
    NAV Ticker: XNDPX
    Average Daily Volume (shares): 17,920
    Average Daily Volume (USD): $0.474M
    Inception Date: 7/27/2012
    Inception Share Price: $25.00
    Inception NAV: $23.88
    Tender Offer: No
    Term: No
    Fiscal Year End: November 30
    Third Party Links & Reports

    Distributions

    As of 7/2/2020

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 11/30/2019
    $9.8814
    Annualized Distribution Rate on NAV:
    As of 7/2/2020
    20.59%
    Total Return on NAV (12 months):
    As of 7/2/2020
    -66.10%
    Total % Portfolio Effectively Leveraged:
    As of 7/2/2020
    48.02%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 7/3/2020

    PeriodAvg Discount
    6 Month-17.22%
    1 Year-11.27%
    3 Year-0.61%
    5 Year-3.19%
    Z-Score

    As of 7/3/2020

    PeriodZStat
    3 Month-1.09
    6 Month-1.11
    1 Year-1.19
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 6/30/2020
    Category: Morningstar US CEF Sector Equity

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD-65.48%-59.39%-13.47%-11.78%
    2019-25.51%-19.37%26.64%22.38%
    2018-40.58%-38.31%-12.35%-9.96%
    2017-8.65%-9.97%18.18%12.88%
    201666.92%45.94%17.45%14.67%
    2015-33.87%-35.36%-15.98%-12.75%
    2014-19.10%-12.95%5.16%4.65%
    201325.23%27.86%16.34%17.44%
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 6/30/2020
    Category: Morningstar US CEF Sector Equity

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 5/31/2019
    27
    Annual Portfolio Turnover:
    As of 11/30/2019
    182.52%
    Asset Allocation

    As of 5/31/2019 reported by Fund Sponsor

    Top Sectors

    As of 5/31/2019 reported by Fund Sponsor

    Sector%Portfolio
    Energy93.16%
    Sensitive (Super Sector)93.16%
    Cash Equivalents (Super Sector)5.15%
    Cash Equivalents5.15%
    Preferred Stock1.85%
    Corporate (Super Sector)1.85%
    Top Holdings

    As of 5/31/2019 reported by Fund Sponsor

    HoldingValue% Portfolio
    Cabot Oil & Gas Corp Class A$12.16M9.41%
    Pioneer Natural Resources Co$9.58M7.41%
    EQT Corp$9.52M7.36%
    Occidental Petroleum Corp$7.08M5.48%
    Diamondback Energy Inc$6.83M5.29%
    Concho Resources Inc$6.61M5.11%
    Continental Resources Inc$6.53M5.05%
    EOG Resources Inc$5.73M4.43%
    Parsley Energy Inc A$5.70M4.41%
    Devon Energy Corp$5.44M4.21%
    Country Allocation

    As of 5/31/2019 reported by Fund Sponsor

    Country% Portfolio
    United States - Equity89.29%
    Canada - Equity3.86%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

    EWB-1014244PR-E1119W