NPORT-EX 2 tygsoi.htm TYG SCHEDULE OF INVESTMENTS AND NOTES

Tortoise Energy Infrastructure Corporation
           
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)
 
             
   
February 28, 2021
 
   
Shares
   
Fair Value
 
Master Limited Partnerships - 73.9%(1)
           
Crude Oil Pipelines - 15.3%(1)
           
United States - 15.3%(1)
           
BP Midstream Partners LP
   
588,860
   
$
6,718,893
 
NuStar Energy L.P.
   
1,168,071
     
20,908,471
 
Plains All American Pipeline, L.P.
   
2,606,368
     
21,997,746
 
Shell Midstream Partners, L.P.
   
471,584
     
5,163,845
 
             
54,788,955
 
Natural Gas/Natural Gas Liquids Pipelines - 23.7%(1)
               
United States - 23.7%(1)
               
DCP Midstream, LP
   
937,403
     
20,491,630
 
Energy Transfer LP
   
2,783,863
     
21,268,713
 
Enterprise Products Partners L.P.(2)
   
2,007,979
     
42,810,112
 
             
84,570,455
 
Natural Gas Gathering/Processing - 4.5%(1)
               
United States - 4.5%(1)
               
Western Midstream Partners, LP
   
971,071
     
16,148,911
 
             
16,148,911
 
Renewable Infrastructure - 6.7%(1)
               
United States - 6.7%(1)
               
Enviva Partners LP
   
90,944
     
4,822,760
 
NextEra Energy Partners, LP
   
264,253
     
19,195,338
 
             
24,018,098
 
Refined Product Pipelines - 23.7%(1)
               
United States - 23.7%(1)
               
Holly Energy Partners, L.P.
   
365,340
     
6,294,808
 
Magellan Midstream Partners, L.P.
   
885,537
     
36,900,327
 
MPLX LP
   
1,751,335
     
41,699,286
 
             
84,894,421
 
                 
Total Master Limited Partnerships (Cost $290,945,137)
           
264,420,840
 
                 
Common Stock - 37.0%(1)
               
Natural Gas/Natural Gas Liquids Pipelines - 25.2%(1)
               
United States - 25.2%(1)
               
Kinder Morgan Inc.
   
1,443,949
     
21,226,050
 
ONEOK, Inc.
   
560,279
     
24,814,757
 
The Williams Companies, Inc.
   
1,935,685
     
44,211,046
 
             
90,251,853
 
Natural Gas Gathering/Processing - 7.2%(1)
               
United States - 7.2%(1)
               
Equitrans Midstream Corp.
   
1,241,828
     
8,978,418
 
Targa Resources Corp.
   
542,518
     
16,780,082
 
             
25,758,500
 
Solar- 1.2%(1)
               
United States - 1.2%(1)
               
Sunnova Energy Intl Inc.
   
98,518
     
4,417,546
 
                 
                 
Renewable Infrastructure - 3.4%(1)
               
United States - 3.4%(1)
               
Algonquin Power Utilities Corp.
   
66,635
     
1,030,177
 
Atlantica Sustainable Infrastructure PLC
   
174,512
     
6,308,609
 
Clearway Energy Inc.
   
172,004
     
4,723,230
 
             
12,062,016
 
                 
Total Common Stock (Cost $108,646,727)
           
132,489,915
 
                 
Preferred Stock - 4.5%(1)
               
Natural Gas/Natural Gas Liquids Pipelines - 3.5%(1)
               
United States - 3.5%(1)
               
Altus Midstream Company Preferred(3)(4)(5)
   
10,427,344
     
12,624,697
 
                 
                 
Renewable Infrastructure - 1.0%(1)
               
United States - 1.0%(1)
               
NextEra Energy Inc.
   
72,016
     
3,497,817
 
                 
                 
Total Preferred Stock (Cost $13,927,321)
           
16,122,514
 
                 
Corporate Bonds - 1.1%(1)
               
Refined Product Pipelines - 0.3%(1)
               
United States - 0.3%(1)
               
Buckeye Partners, 6.370%, 01/22/2078
   
1,200,000
     
972,000
 
                 
                 
Natural Gas Gathering/Processing - 0.8%(1)
               
United States - 0.8%(1)
               
Enlink Midstream Partners, 6.000%, Perpetual
   
5,100,000
     
3,040,875
 
                 
Total Corporate Bonds (Cost $5,054,720)
           
4,012,875
 
                 
Private Investments - 2.9%(1)
               
Renewables - 2.9%(1)
               
United States - 2.9%(1)
               
TK NYS Solar Holdco, LLC(3)(4)(5) (Cost $52,206,470)
   
N/A
     
10,155,617
 
                 
Special Purpose Acquisition Company - 11.3%(1)
               
Energy Technology - 11.3%(1)
               
United States - 11.3%(1)
               
Bluescape Opportunities Acquisition Corp.
   
175,338
     
1,879,623
 
Climate Change Crisis Real Impact Class A
   
62,048
     
960,503
 
Climate Real Impact Solutions II Acquisition Corp.
   
219,888
     
2,418,768
 
Decarbonization Plus Acquisition II
   
109,654
     
1,165,622
 
ECP Environmental Growth Opportunities Corp.
   
165,114
     
1,758,464
 
European Sustainable Growth Acquisition Corp.
   
237,720
     
2,517,455
 
Flame Acquisition Corp.
   
117,800
     
1,183,890
 
Hennessy Captial Investment Corp. V
   
470,585
     
5,110,553
 
Kensington Capital Acquisition Corp. II
   
55,552
     
608,294
 
Northern Genesis Acquisition Unit
   
76,648
     
837,763
 
Power & Digital Infrastructure Acquisition Corp.
   
192,632
     
2,090,057
 
Qell Acquisition Corp.
   
85,354
     
1,017,420
 
Queen's Gambit Growth Capital
   
221,085
     
2,332,447
 
Rice Acquisition Corp.
   
131,065
     
1,431,230
 
RMG Acquisition Corp III
   
137,068
     
1,439,214
 
Spartan Acquisition Corp III
   
165,114
     
1,730,395
 
Spring Valley Acquisition Equity
   
206,000
     
2,183,600
 
Star Peak Corp II
   
71,031
     
802,650
 
Star Peak Energy Transition
   
57,828
     
1,976,561
 
Sustainable Development Acquisition I Corp
   
274,134
     
2,878,407
 
Switchback II Corp
   
74,362
     
847,727
 
Warrior Technologies Acquisition Co.
   
330,954
     
3,312,850
 
                 
Total Special Purpose Acquisition Companies (Cost $36,746,614)
     
40,483,493
 
                 
Warrants - 0.3%(1)
               
Energy Technology - 0.3%(1)
               
Bluescape Opportunities Acquisition Corp. Warrant
   
87,669
     
188,488
 
Climate Change Crisis Real Impact Warrant
   
85,002
     
310,256
 
Qell Acquisition Corp. Warrant
   
37,935
     
113,805
 
Spring Valley Acquisition Equity Warrant
   
103,000
     
218,360
 
Rice Acquisition Corp. Warrant
   
87,377
     
198,345
 
                 
Total Warrants (Cost $711,691)
           
1,029,254
 
                 
Short-Term Investment - 0.1%(1)
               
United States Investment Company - 0.1%(1)
               
Invesco Government & Agency Portfolio - Institutional Class, 0.01%(6) (Cost $260,876)
   
260,876
   
$
260,876
 
                 
Total Investments - 131.1%(1) (Cost $513,668,492)
         
$
468,975,384
 
Interest Rate Swap Contracts - (0.0)%(1)
               
$10,000,000 notional - net unrealized depreciation(7)
         
$
(134,836
)
Other Assets and Liabilities - (2.4)%(1)
         
$
(8,682,816
)
Deferred Tax Asset - 14.5%(1)
         
$
52,052,354
 
Senior Notes - (24.6)%(1)
         
$
(87,926,667
)
Line of Credit - (9.6)%(1)
         
$
(34,200,000
)
Mandatory Redeemable Preferred Stock at Liquidation Value - (9.0)%(1)
   
$
(32,300,000
)
Total Net Assets Applicable to Common Stockholders - 100.0%(1)
   
$
357,783,419
 

(1)
Calculated as a percentage of net assets applicable to common stockholders.
   

(2)
A portion of the security is segregated as collateral for the unrealized depreciation of interest rate swap contracts of $117,883.
(3)
Restricted securities have a total fair value of $22,780,314, which represents 6.4% of net assets.  See Note 6 to the financial statements for further disclosure.
(4)
Securities have been valued by using significant unobservable inputs in accordance with fair value procedures and are categorized as level 3 investments, as more fully described in Note 2 to the financial statements.
(5)
Deemed to be an affiliate of the fund. See Affiliated Company Transactions Note 7 and Basis For Consolidation Note 13 to the financial statements for further disclosure.
(6)
Rate indicated is the current yield as of February 28, 2021.
     
(7)
See Schedule of Interest Rate Swap Contracts and Note 12 to the financial statements for further disclosure.
     



Various inputs are used in determining the fair value of the Funds’ investments and financial instruments.  These inputs are summarized in the three broad levels listed below:

Level 1 – quoted prices in active markets for identical investments
Level 2 – other significant observable inputs (including quoted prices for similar investments, market corroborated inputs, etc.)
Level 3 – significant unobservable inputs (including a Fund’s own assumptions in determining the fair value of investments)

The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following tables provide the fair value measurements of applicable assets and liabilities by level within the fair value hierarchy as of February 28, 2021.  These assets and liabilities are measured on a recurring basis.

TYG:
                       
Description
 
Level 1
   
Level 2
   
Level 3
   
Total
 
Assets
                       
Investments:
                       
Master Limited Partnerships(a)
 
$
264,420,840
   
$
-
   
$
-
   
$
264,420,840
 
Common Stock(a)
   
132,489,915
     
-
     
-
     
132,489,915
 
Warrants(a)
   
1,029,254
     
-
     
-
     
1,029,254
 
Preferred Stock(a)
   
3,497,817
     
-
     
12,624,697
     
16,122,514
 
Corporate Bonds(a)
   
-
     
4,012,875
     
-
     
4,012,875
 
       Private Investment(a)
   
-
     
-
     
10,155,617
     
10,155,617
 
Special Purpose Acquisition Companies(a)
   
40,483,493
                     
40,483,493
 
Short-Term Investment(b)
   
260,876
     
-
     
-
     
260,876
 
       Total Assets
 
$
442,182,195
   
$
4,012,875
   
$
22,780,314
   
$
468,975,384
 
Liabilities
                               
Interest Rate Swap Contracts
 
$
-
   
$
117,883
   
$
-
   
$
117,883
 

(a)
All other industry classifications are identified in the Schedule of Investments.
(b)
Short-term investment is a sweep investment for cash balances.

The following tables present each Fund’s assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the period ended  February 28, 2021:

Preferred Stock
TYG
Balance – beginning of period
$34,068,604
Purchases
-
Return of capital
-
Sales
(21,758,000)
Total realized gain/loss
                   3,360,752
Change in unrealized gain/loss
(3,046,659)
Balance – end of period
$12,624,697

Private Investments
TYG
Balance – beginning of period
$10,365,844
Purchases
-
Return of capital
-
Sales
-
Total realized gain/loss
-
Change in unrealized gain/loss
(210,227)
Balance – end of period
$10,155,617

Convertible Bond
TYG
Balance – beginning of period
$3,954,420
Purchases
-
Return of capital
-
Sales
-
Corporate Action
(3,954,420)
Total realized gain/loss
-
Change in unrealized gain/loss
-
Balance – end of period
$-

 
TYG
Change in unrealized gain/loss on investments still held at
February 28, 2021
$(3,256,886)



 
SCHEDULE OF INTEREST RATE SWAP CONTRACTS (Unaudited)
           
 
February 28, 2021
                 
                     
 
Tortoise Energy Infrastructure Corp.
                 
 
Counterparty
Maturity Date
 
Notional Amount
Fixed Rate Paid by TYG
Floating Rate Received by TYG
 Unrealized Depreciation
 
The Bank of Nova Scotia
09/02/2021
 
 $ 10,000,000
 
2.381%
 
 1-month U.S. Dollar LIBOR
 $               (134,836)