By: Benzinga
Tortoise Energy Infrastructure Prices Public Offering of Mandatory Redeemable Preferred Shares
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
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