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home / news releases / NDP - NDP: This CEF May Soon Pay A Distribution Again But Don't Expect Much


NDP - NDP: This CEF May Soon Pay A Distribution Again But Don't Expect Much

  • The fund is investing in those companies driving America's energy independence, including renewable energy firms.
  • The fund had to suspend its distribution in response to the pandemic, which undoubtedly soured many investors.
  • The long-term future of the American energy industry is reasonably strong even given the current administration's hostility towards fracking.
  • The fund's distributions surprisingly depend on option premiums, which may allow it to resume paying one later this year.
  • The fund trades at a huge discount to NAV, but don't expect an amazing yield once it begins paying the distribution again.

For further details see:

NDP: This CEF May Soon Pay A Distribution Again But Don't Expect Much
Stock Information

Company Name: Tortoise Energy Independence Fund Inc.
Stock Symbol: NDP
Market: NYSE

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