**Merger Announcement: Tortoise Capital Advisors Consolidates MLP/Midstream Funds**
In a strategic move, Tortoise Capital Advisors has unveiled plans to merge two of its closed-end funds focused on Master Limited Partnerships (MLPs) and midstream energy infrastructure. The consolidation involves Tortoise Midstream Energy Fund (NYSE:NTG) and Tortoise Energy Infrastructure Corp (NYSE:TYG).
This development is part of the company’s efforts to optimize its fund offerings and enhance investor value. The merger is expected to create a more diversified and robust portfolio, better positioned to navigate the complexities of the energy sector.
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**Disclosure:** The author holds a long position in NTG through stock ownership, options, or derivatives. This article represents the author’s personal opinions and is not influenced by any compensation or business relationships. Past performance is not indicative of future results, and no investment advice is being offered.
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