Tortoise Energy Infrastructure Prices Public Offering of Mandatory Redeemable Preferred Shares
Posted on December 03, 2012 at 18:30 PM EST
Tortoise Energy Infrastructure Corp. (NYSE: TYG ) today announced that it has priced the sale of 8,000,000 of its 4.375 percent Series B Mandatory Redeemable Preferred (MRP B) Shares at $10.00 per share. The company estimates that its net proceeds from this offering, after expenses, will be approximately $78 million. The company intends to