Sunday, August 18, 2013

Tortoise Energy Infrastructure Corp. (TYG): A Diversified Fund Of MLPs Yielding 5.2%, No K-1s And Significant Upside Potential - Seeking Alpha

Tortoise Energy Infrastructure Corp. (TYG): A Diversified Fund Of MLPs Yielding 5.2%, No K-1s And Significant Upside Potential - Seeking Alpha

Here is a great article on a closed-end fund (CEF) that is tied to oil and gas MLPs.  TYG operates in such a way that only a 1099 tax reporting form would be received in a regular trading account, and it is suitable for a tax-deferred IRA account.  Moreover, this fund will probably have extensive capital gains in the future when the U.S. starts exporting LNG.

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