Tortoise Tax-Advantaged Social Infrastructure Fund Estimated Capital Gains Distribution

LEAWOOD, Kan.--()--To assist our shareholders with year-end planning, we are providing estimates of the per-share capital gains distribution expected to be paid during 2019. These estimates were prepared using capital gain amounts as of October 31, 2019. The estimates are being provided for informational purposes only and may not include all required tax adjustments. The final per-share amounts will be based on the actual number of shares outstanding on the Fund’s record date which may differ significantly from the number of shares outstanding at the time these estimates were prepared. Please keep in mind that the following amounts are estimates and subject to change. The final amounts will be reported to you on Form 1099-DIV, which will be mailed in early 2020.

Record Date: 12/26/2019
Ex-Dividend Date: 12/27/2019
Payment Date: 12/27/2019

2019 Estimated Capital Gain Distributions Per Share

 

Fund Name

Short-Term
Capital Gains1

Long-Term
Capital Gains2

Total
Capital Gains

Tortoise Tax-Advantaged Social 
Infrastructure Fund - TSIFX

 

$0.0016

 

$0.00

 

$0.0016

1 Short-term capital gains are generally taxable as ordinary income. A portion of ordinary income may be taxable at qualified dividend income tax rates. The estimates above do not reflect calculations for qualified dividends. Such calculations, if applicable, will appear on your Form 1099-DIV.
2 Long-term capital gains may be taxable at reduced capital gain tax rates.

Nothing contained in this communication constitutes tax, legal, or investment advice. Investors must consult their tax advisor or legal counsel for advice and information concerning their particular situation.

This data is provided for informational purposes only and is not intended for trading purposes. This communication shall not constitute an offering of any security, product or service. The addition, removal or inclusion of a security in the index is not a recommendation to buy, sell or hold that security, nor is it investment advice. The information contained in this communication is current as of the publication date. Tortoise makes no representations with respect to the accuracy or completeness of these materials and will not accept responsibility for damages, direct or indirect, resulting from an error or omission in this document. The methodology involves rebalancing and maintenance of the index that is made periodically during each year and may not, therefore, reflect real time information.

About Tortoise

Tortoise invests in essential assets – those assets and services that are indispensable to the economy and society. With a steady wins approach and a long-term perspective, Tortoise strives to make a positive impact on clients and communities. To learn more, please visit www.tortoiseadvisors.com.

About Tortoise Credit Strategies

Tortoise Credit Strategies is the Adviser to the Tortoise Tax-Advantaged Social Infrastructure Fund. Tortoise Credit Strategies is a registered investment adviser specializing in fixed income and direct lending investments. The team’s investment philosophy is deeply rooted in an investment decision process refined over many economic and financial cycles, which emphasizes top-down macro views, business fundamentals, bottom-up credit analysis as well as a disciplined focus on managing risk.

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.

Contacts

Tortoise
Pam Kearney, Investor and Media Relations
844-872-1562
info@tortoiseadvisors.com

Contacts

Tortoise
Pam Kearney, Investor and Media Relations
844-872-1562
info@tortoiseadvisors.com