Tortoise Pipeline & Energy ups public share offering to $275 million

By Toni Weeks

San Diego, Oct. 25 - Tortoise Pipeline & Energy Fund, Inc. increased a public offering of shares to $275 million from $5 million, according to an N-2 filing with the Securities and Exchange Commission.

The fund's adviser is Tortoise Capital Advisors, LLC.

Proceeds will be used for working capital and further investments.

The Leawood, Kan., company is a newly organized, non-diversified closed-end management investment company focused on investing in equity securities of pipeline and other energy infrastructure companies.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.