Tortoise MLP Fund Inc. (NTG) a closed-end fund focused on natural gas infrastructure investments, announced pricing of initial public offering of common stock. The fund priced 42.4 million shares at $25.00 per share, raising $1.06 billion.
The fund granted underwriters 45-day option to buy additional 6.153 million common shares at the same price.
The fund intends to use offering net proceeds to invest in a portfolio consisting primarily of energy infrastructure master limited partnerships or MLPs and their affiliates, with an emphasis on natural gas infrastructure MLPs.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.