NTG: Tender Offer Results, Tighter Discount
Summary
- Tortoise Midstream Energy Fund, Inc is a closed end fund focused on midstream energy entities.
- The fund has been trading at substantial discounts to NAV and the management team announced a tender offer for 5% of its shares back in August.
- The tender offer results have just been announced, with the corporate action having a positive effect on NTG's discount to NAV.
- This article covers CEFs from our suite of products - we focus on macro portfolio allocation, CEFs, and yield-generating options strategies, targeting overall yearly portfolio returns of 9%+.
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