OVERLAND PARK, KS - Tortoise Energy Infrastructure Corp. (NYSE:TYG) announced today that it has adjourned its Special Meeting of Stockholders originally scheduled for Monday to December 5, 2024, at 10:00 a.m. Central Time. The postponement will provide stockholders additional time to cast their votes on a proposal detailed in the Joint Proxy Statement/Prospectus dated November 5, 2024.
The meeting, which began at the company's headquarters in Overland Park, Kansas, was convened and subsequently adjourned without any business being conducted. The record date for determining stockholders eligible to vote at the Special Meeting remains August 27, 2024.
During the adjournment, Tortoise Energy will continue to solicit votes from its stockholders regarding the proposal. The company has not disclosed the nature of the proposal in the press release statement. The reconvened Special Meeting will be held at the same location, 6363 College Boulevard, Suite 100A, Overland Park, Kansas 66211.
Tortoise Energy Infrastructure Corporation, headquartered in Overland Park, Kansas, is a publicly-traded company focusing on energy infrastructure investments. The company's common stock is listed on the New York Stock Exchange under the ticker symbol TYG.
InvestingPro Insights
As Tortoise Energy Infrastructure Corp. (NYSE:TYG) prepares for its reconvened Special Meeting, investors might find additional context from recent financial data and market performance useful. According to InvestingPro, TYG has demonstrated strong market performance, with a notable 75.32% price total return over the past year and is currently trading near its 52-week high at 98.59% of that peak.
For income-focused investors, two key InvestingPro Tips stand out. First, TYG "pays a significant dividend to shareholders," which is further supported by a current dividend yield of 6.94%. Second, the company "has maintained dividend payments for 21 consecutive years," highlighting a consistent commitment to shareholder returns.
These insights may be particularly relevant as stockholders consider their votes on the undisclosed proposal. The company's strong recent performance and dividend history could influence investor sentiment and decision-making at the upcoming meeting.
InvestingPro offers 10 additional tips for TYG, providing a more comprehensive analysis for investors interested in deeper insights into the company's financial health and market position.
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