Tortoise Energy Independence Fund, (Tortoise Energy Independence Fund,) Cash Flow from Financing : $-2.32 Mil (TTM As of Nov. 2023)

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What is Tortoise Energy Independence Fund, Cash Flow from Financing?

Cash from financing is the cash generated/spent from financial activities such as share issuance (buy back), debt issuance (repayment), and dividends paid to preferred and common stockholders.

For the six months ended in Nov. 2023, Tortoise Energy Independence Fund, paid $0.00 Mil more to buy back shares than it received from issuing new shares. It received $0.00 Mil from issuing more debt. It paid $0.00 Mil more to buy back preferred shares than it received from issuing preferred shares. It spent $2.15 Mil paying cash dividends to shareholders. It spent $3.06 Mil on other financial activities. In all, Tortoise Energy Independence Fund, spent $5.21 Mil on financial activities for the six months ended in Nov. 2023.

Tortoise Energy Independence Fund, Cash Flow from Financing Historical Data

The historical data trend for Tortoise Energy Independence Fund,'s Cash Flow from Financing can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Tortoise Energy Independence Fund, Cash Flow from Financing Chart

Tortoise Energy Independence Fund, Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Cash Flow from Financing

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-45.90

-22.98

-3.45

-6.36

-2.32

Tortoise Energy Independence Fund, Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Cash Flow from Financing	Get a 7-Day Free Trial								-2.05	-0.87	-5.49	2.89	-5.21

Tortoise Energy Independence Fund, Cash Flow from Financing Calculation

This is the cash generated/spent from financial activities such as share issuance (buy back), debt issuance (repayment), and dividends paid to preferred and common stockholders. In the calculation of free cash flow, cash from financing is not calculated because it is not related to operating activities.

Tortoise Energy Independence Fund,'s Cash from Financing for the fiscal year that ended in Nov. 2023 is calculated as:

	Cash Flow from Financing		(A: Nov. 2023 )
=	Issuance of Stock	+	Repurchase of Stock	+	Net Issuance of Debt	+	Net Issuance of Preferred Stock	+	Cash Flow for Dividends	+	Other Financing
=	0	+	0	+	5.1	+	0	+	-4.364	+	-3.056
=	-2.32

Tortoise Energy Independence Fund,'s Cash from Financing for the quarter that ended in Nov. 2023 is:

	Cash Flow from Financing		(Q: Nov. 2023 )
=	Issuance of Stock	+	Repurchase of Stock	+	Net Issuance of Debt	+	Net Issuance of Preferred Stock	+	Cash Flow for Dividends	+	Other Financing
=	0	+	0	+	0	+	0	+	-2.154	+	-3.056
=	-5.21

Cash Flow from Financing for the trailing twelve months (TTM) ended in Nov. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-2.32 Mil.

Tortoise Energy Independence Fund, (NYSE:NDP) Cash Flow from Financing Explanation

Cash from financing contains six items:

1. Issuance of Stock:
A company may raise cash from issuing new shares. Issuance of stock represents the cash inflow from offering common stock, which is the additional capital contribution to the entity during the period.

Tortoise Energy Independence Fund,'s issuance of stock for the six months ended in Nov. 2023 was $0.00 Mil.

2. Repurchase of Stock:
A company may raise cash from issuing new shares. It can also use cash to buy back shares. Repurchase of stock represents the cash outflow to reacquire common stock during the period.

Tortoise Energy Independence Fund,'s repurchase of stock for the six months ended in Nov. 2023 was $0.00 Mil.

3. Net Issuance of Debt:
Net issuance of debt is the cash a company received or spent through debt related activities such as debt issuance or debt repayment. If a company pays down its debt during the period, this number will be negative. If a company issued more debt, it receives cash and this number is positive.

Tortoise Energy Independence Fund,'s net issuance of debt for the six months ended in Nov. 2023 was $0.00 Mil. Tortoise Energy Independence Fund, received $0.00 Mil from issuing more debt.

4. Net Issuance of Preferred Stock:
A company may raise cash from issuing new preferred shares. It can also use cash to buy back preferred shares. If this number is positive, it means that the company has received more cash from issuing preferred shares than it has paid to buy back preferred shares. If this number is negative, it means that company has paid more cash to buy back preferred shares than it has received for issuing preferred shares.

Tortoise Energy Independence Fund,'s net issuance of preferred for the six months ended in Nov. 2023 was $0.00 Mil. Tortoise Energy Independence Fund, paid $0.00 Mil more to buy back preferred shares than it received from issuing preferred shares.

5. Cash Flow for Dividends:
Cash flow for dividends refers to the payment of cash to shareholders as dividends when the company generates income.

Tortoise Energy Independence Fund,'s cash flow for dividends for the six months ended in Nov. 2023 was $-2.15 Mil. Tortoise Energy Independence Fund, spent $2.15 Mil paying cash dividends to shareholders.

6. Other Financing:
Money spent or earned by company from other financial activities.

Tortoise Energy Independence Fund,'s other financing for the six months ended in Nov. 2023 was $-3.06 Mil. Tortoise Energy Independence Fund, spent $3.06 Mil on other financial activities.

Tortoise Energy Independence Fund, Cash Flow from Financing Related Terms

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Tortoise Energy Independence Fund, (Tortoise Energy Independence Fund,) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Tortoise Energy Independence Fund, Inc. (NYSE:NDP) » Definitions » Cash Flow from Financing

Comparable Companies

Traded in Other Exchanges

N/A

Address

6363 College Boulevard, Suite 100A, Overland Park, KS, USA, 66211

Website

https://www.tortoiseecofin.com

Tortoise Energy Independence Fund, Inc. is a non-diversified closed-end management investment company. Its primary investment objective 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 presence in North American oil and gas fields, including shale reservoirs.

Executives

Ciccotello Conrad S	director	5100 W. 115TH PLACE, LEAWOOD KS 66211
Jennifer Paquette	director	5100 W. 115TH PLACE, LEAWOOD KS 66211
H Kevin Birzer	director	5100 W. 115TH PLACE, LEAWOOD KS 66211
Rand C Berney	director	11550 ASH STREET, SUITE 300, LEAWOOD KS 66211
Alexandra Herger	director	5100 W. 115TH PLACE, LEAWOOD KS 66211
Matthew Sallee	other: Member of Investment Committee	5100 W. 115TH PLACE, LEAWOOD KS 66211
P. Bradley Adams	officer: Chief Financial Officer	5100 W. 115TH PLACE, LEAWOOD KS 66211
Brian Alan Kessens	other: Member of Investment Committee	5100 W. 115TH PLACE, LEAWOOD KS 66211
Shobana Gopal	officer: Vice President	5100 W. 115TH PLACE, LEAWOOD KS 66211
Sean Paul Wickliffe	officer: Vice President & Asst Treas.	6363 COLLEGE BOULEVARD, OVERLAND PARK KS 66211
Investors, Llp Bulldog	10 percent owner	PARK 80 WEST - PLAZA TWO, 250 PEHLE AVE. SUITE 708, SADDLE BROOK NJ 07663
Phillip Goldstein	10 percent owner	60 HERITAGE DRIVE, PLEASANTVILLE NY 10570
Andrew Dakos	10 percent owner	250 PEHLE AVE., SUITE 708, SADDLE BROOK NJ 07663
Aristides Fund Qp, Lp	10 percent owner	118 EAST MAIN STREET, SUITE 600, LOUISVILLE KY 40202
Aristides Fund Lp	10 percent owner	C/O ARISTIDES CAPITAL LLC, 118 EAST MAIN STREET, SUITE 600, LOUISVILLE KY 40202

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