Tortoise Publishes Closed-End Funds Podcast on Leverage, Coverage and Updated Fitch Ratings

Tortoise today announced that it has published a podcast with an update on its closed-end funds including leverage, coverage and updated Fitch Ratings.

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Business Wire, Inc.Business Wire, Inc.
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Tuesday, March 17, 2020
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Energy, Professional services, Oil, Gas, Finance, Finance, Money, Economy, Credit rating agencies, Fitch Ratings, Tehrik-i-Taliban Pakistan, Probability of default, Fitch
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United States, KANSAS
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TORTOISE
Summary
Key Points: 
  • Tortoise today announced that it has published a podcast with an update on its closed-end funds including leverage, coverage and updated Fitch Ratings.
  • For each of TYG, NTG and TTP, Fitch Ratings recently updated its ratings on each funds notes to A and each funds mandatory redeemable preferred shares to BBB.
  • With a steady wins approach and a long-term perspective, Tortoise strives to make a positive impact on clients and communities.
  • Other than as required by law, the funds and Tortoise Capital Advisors do not assume a duty to update this forward-looking statement.


Tortoise today announced that it has published a podcast with an update on its closed-end funds including leverage, coverage and updated Fitch Ratings. For each of TYG, NTG and TTP, Fitch Ratings recently updated its ratings on each fund’s notes to A and each fund’s mandatory redeemable preferred shares to BBB. The podcast is available here.

About Tortoise

Tortoise invests in essential assets – those assets and services that are indispensable to the economy and society. 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.

Safe Harbor Statement

This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains certain statements that may include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although the funds and Tortoise Capital Advisors believe that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the fund’s reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, the funds and Tortoise Capital Advisors do not assume a duty to update this forward-looking statement.

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