NTG - NTG: An MLP Closed-End Fund With Attractive Low-Cost Leverage
2024-05-22 17:21:33 ET
Summary
- Energy MLPs and pipeline companies can be a valuable addition to a bond portfolio or a substitute for bonds.
- MLP closed-end funds offer advantages such as simplified tax reporting and qualified dividend income.
- Tortoise Midstream Energy Fund has had a roller coaster performance but has shown improvement in recent years.
- Activist investor Saba Capital owns a large position in NTG.
- NTG currently trades at a 17% discount to NAV.
Over the last ten years or so, there are times when Energy Master Limited Partnerships (MLPs) have been the hottest and best-performing asset class. But there have been other periods where they have been the worst-performing asset class....
NTG: An MLP Closed-End Fund With Attractive Low-Cost Leverage