Tortoise to Adjourn Special Meeting of Tortoise Pipeline & Energy Fund, Inc. (TTP) & Tortoise Energy Independence Fund, Inc. ...
April 06 2021 - 4:28PM
Business Wire
Adjourned to Friday, June 4, 2021
Tortoise and the Board of Directors for its closed-end funds
announced today that it intends to convene and then adjourn the
special meeting of stockholders scheduled for 10 a.m., Central
time, Wednesday, April 7, 2021 at 5100 W. 115th Place, Leawood,
Kansas 66211. The special meeting will be adjourned until 10 a.m.,
Central time, Friday, June 4, 2021 in order to provide stockholders
who have yet to vote their shares, additional time to do so.
“The adjournment provides us the opportunity to take into
consideration the votes of additional shareholders,” said Brad
Adams, CEO of Tortoise’s closed-end funds. “We believe the proposed
merger is in the best interest of shareholders and the results, at
present, indicate that a majority of shares voted thus far, are
supportive of the merger.”
If you have not submitted a proxy, you are urged to do so
promptly. No action is required by any stockholder who has
previously delivered a proxy. If you need assistance voting your
shares, please call our proxy agent, AST Fund Solutions at (866)
796-1285. Representatives are available 9 a.m. to 9 p.m. Eastern
time, Monday through Friday.
Tortoise Capital Advisors, L.L.C. is the adviser to the
funds.
For additional information on these funds, please visit
cef.tortoiseecofin.com/ndp-ttp-combination/.
About Tortoise
Tortoise focuses on energy & power infrastructure and the
transition to cleaner energy. Tortoise’s solid track record of
energy value chain investment experience and research dates back
more than 20 years. As one of the earliest investors in midstream
energy, Tortoise believes it is well-positioned to be at the
forefront of the global energy evolution that is underway. With a
steady wins approach and a long-term perspective, Tortoise strives
to make a positive impact on clients and communities. For
additional information, please visit www.TortoiseEcofin.com.
Important Information About the Proposed Merger and Where to
Find It
More information on the proposed merger between TTP and NDP is
contained in the proxy materials filed by each of the funds. TTP
and NDP have filed with the Securities and Exchange Commission
(SEC) a joint proxy statement/prospectus with respect to the
merger, and each fund has mailed a definitive joint proxy
statement/prospectus to each of its stockholders that contains
information about the proposed merger. Stockholders are urged to
read the definitive joint proxy statement/prospectus carefully and
in its entirety as it contains important information about the
proposed merger. The joint proxy statement/prospectus and other
documents filed by the funds are available for free at the SEC’s
Web site, http://www.sec.gov and on the funds’ website at
cef.tortoiseecofin.com. Stockholders can also obtain copies of the
definitive joint proxy statement/prospectus, for free by dialing
(866) 362-9331.
The funds, Tortoise Capital Advisors and certain of their
respective directors, officers and affiliates may be deemed under
the rules of the SEC to be participants in the solicitation of
proxies from stockholders in connection with the proposed merger
discussed herein. Information about the directors and officers of
the funds may be found in the joint proxy statement/prospectus
previously filed with the SEC.
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.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20210406006099/en/
Maggie Zastrow (913) 981-1020 info@tortoiseecofin.com
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