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Stock impact report

Tortoise Energy Independence Fund, Inc. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of May 31, 2017

Tortoise Energy Independence Fund, Inc. (NDP) 
Company Research Source: Business Wire
LEAWOOD, Kan.--(BUSINESS WIRE)-- Tortoise Energy Independence Fund, Inc. (NYSE: NDP) today announced that as of May 31, 2017, the company’s unaudited total assets were approximately $264.1 million and its unaudited net asset value was $198.4 million, or $13.63 per share. As of May 31, 2017, the company was in compliance with its asset coverage ratios under the Investment Company Act of 1940 (the 1940 Act). The company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 407 percent. For more information on calculation of coverage ratios, please refer to the company’s most recent applicable prospectus. Set forth below is a summary of the company’s unaudited preliminary balance sheet at May 31, 2017 and a summary of its top 10 holdings. Unaudited preliminary balance sheet Show less Read more
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