Canal Insurance Co buys $1,187,706 stake in Tortoise Energy Independence Fund Inc (NDP)

Tortoise Energy Independence Fund Inc (NDP) : Canal Insurance Co scooped up 3,535 additional shares in Tortoise Energy Independence Fund Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 76,135 shares of Tortoise Energy Independence Fund Inc which is valued at $1,187,706.Tortoise Energy Independence Fund Inc makes up approximately 0.38% of Canal Insurance Co’s portfolio.

Other Hedge Funds, Including , Advisors Asset Management boosted its stake in NDP in the latest quarter, The investment management firm added 106,371 additional shares and now holds a total of 313,523 shares of Tortoise Energy Independence Fund Inc which is valued at $4,890,959. Tortoise Energy Independence Fund Inc makes up approx 0.08% of Advisors Asset Management’s portfolio. First Trust Advisors Lp added NDP to its portfolio by purchasing 39,627 company shares during the most recent quarter which is valued at $604,312.Msi Financial Services Inc reduced its stake in NDP by selling 670 shares or 41.49% in the most recent quarter. The Hedge Fund company now holds 945 shares of NDP which is valued at $14,175. Deschutes Portfolio Strategy sold out all of its stake in NDP during the most recent quarter. The investment firm sold 99,921 shares of NDP which is valued $1,541,781.Benjamin F. Edwards Company reduced its stake in NDP by selling 250 shares or 4.52% in the most recent quarter. The Hedge Fund company now holds 5,278 shares of NDP which is valued at $80,912. Tortoise Energy Independence Fund Inc makes up approx 0.02% of Benjamin F. Edwards Company’s portfolio.

Tortoise Energy Independence Fund Inc. is a non-diversified closed-end management investment company. The Fund’s primary investment objective is to seek a high level of total return with an emphasis on current distributions. The Fund invests primarily in equity securities of upstream North American energy companies that engage in the exploration and production of crude oil condensate natural gas and natural gas liquids that generally have a significant presence in North American oil and gas fields including shale reservoirs. Under normal circumstances the Fund invests at least 80% of its total assets (including assets obtained through leverage) in equity securities of North American energy companies including at least 70% in upstream energy companies. Tortoise Capital Advisors L.L.C. is the Fund’s adviser.

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