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home / news releases / TEAF - NDP: Reinstates Distribution Continues As A Somewhat Speculative Fund

TEAF - NDP: Reinstates Distribution Continues As A Somewhat Speculative Fund

Tortoise Essential Assets Income Term Fund of Beneficial Interest
  • NDP just recently reinitiated its distribution after a long suspension.
  • The fund remains fairly aggressively tilted towards oil and gas production which can leave it more volatile.
  • The fund's failed merger earlier this year prompted new steps to increase shareholder value.
  • Overall, continuing to operate leaves it a more speculative fund and there are better choices, in my opinion.

For further details see:

NDP: Reinstates Distribution, Continues As A Somewhat Speculative Fund
Stock Information
Company Name: Tortoise Essential Assets Income Term Fund of Beneficial Interest
Stock Symbol: TEAF
Market: NYSE
Website: cef.tortoiseadvisors.com/teaf/overview/
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