Tortoise Energy Infrastructure calls mandatory redeemable preferreds

By Wendy Van Sickle

Columbus, Ohio, Dec. 22 – Tortoise Energy Infrastructure Corp. plans to redeem its $50 million of series C mandatory redeemable preferred shares on Jan. 8, according to a notice.

The shares will be redeemed at a liquidation preference of $10 a share plus accrued dividends of $0.040598 a share.

The company drew under its credit facilities to fund the redemption.

The company is based in Leawood, Kan.

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