Tortoise Closed-End Funds

Tortoise
Energy Independence Fund, Inc. (NYSE: NDP)



NDP Distribution History
See complete history
Declared Ex-date Record
date
Payment
date
Amount Market
price
NAV DRIP1
02/10/2017 02/16/2017 02/21/2017 02/28/2017 0.4375 16.33 15.84 15.84
Fiscal Year 2017 Total: $0.4375  
11/07/2016 11/21/2016 11/23/2016 11/30/2016 0.4375 15.85 16.95 15.96
08/08/2016 08/22/2016 08/24/2016 08/31/2016 0.4375 15.61 16.22 15.97
05/10/2016 05/20/2016 05/24/2016 05/31/2016 0.4375 13.71 15.30 14.21
02/09/2016 02/18/2016 02/22/2016 02/29/2016 0.4375 9.76 11.35 10.56
Fiscal Year 2016 Total: $1.7500  
11/09/2015 11/19/2015 11/23/2015 11/30/2015 0.4375 13.18 15.53 12.23
08/12/2015 08/20/2015 08/24/2015 08/31/2015 0.4375 14.64 16.65 14.33
05/11/2015 05/20/2015 05/22/2015 05/29/2015 0.4375 19.47 21.61 19.40
02/09/2015 02/18/2015 02/20/2015 02/27/2015 0.4375 21.25 22.12 21.36
Fiscal Year 2015 Total: $1.7500  
11/10/2014 11/19/2014 11/21/2014 11/28/2014 0.4375 21.29 22.76 21.35
08/08/2014 08/20/2014 08/22/2014 08/29/2014 0.4375 27.32 31.04 26.76
05/12/2014 05/20/2014 05/22/2014 05/30/2014 0.4375 26.78 30.38 26.98
02/10/2014 02/19/2014 02/21/2014 02/28/2014 0.4375 24.61 27.70 24.69
Fiscal Year 2014 Total: $1.7500  
11/11/2013 11/20/2013 11/22/2013 11/29/2013 0.4375 24.08 26.49 23.85
08/08/2013 08/21/2013 08/23/2013 09/03/2013 0.4375 23.98 25.82 24.39
05/06/2013 05/21/2013 05/23/2013 06/03/2013 0.4375 24.91 24.65 24.65
02/11/2013 02/19/2013 02/21/2013 03/01/2013 0.4375 24.02 24.11 24.11
Fiscal Year 2013 Total: $1.7500  
09/05/2012 11/20/2012 11/23/2012 11/30/2012 0.4375 22.33 22.73 21.85
Fiscal Year 2012 Total: $0.4375  

 

1Price of shares issued pursuant to company-sponsored dividend reimbursement plan. Amounts are rounded to the nearest whole cent.

Determining distributions to stockholders

We pay quarterly distributions based primarily upon our current and estimated future distributable cash flow (DCF). In addition, and to the extent that the sum of our net investment company taxable income and net realized gains from investments exceed our quarterly distributions, we intend to make an additional distribution to common stockholders in the last quarter of the calendar year to avoid being subject to U.S. federal income taxes. Our Board of Directors reviews the distribution rate quarterly, and may adjust the quarterly distribution throughout the year.

DCF is income from investments less expenses. Income from investments includes the amount we receive as cash or paid-in-kind distributions from common stock, MLPs, affiliates of MLPs in which we invest and dividend payments on short-term investments. Income also includes the premiums received from sales of covered call options, net of amounts paid to buy back out-of-the-money options. The total expenses include current or anticipated operating expenses and leverage costs.