Tortoise Capital Advisors To Implement Strategic Enhancements To Tortoise Essential Energy Fund, Effective January 1, 2026

Tortoise Capital Advisors, L.L.C. (Tortoise Capital), a fund manager focused on energy and infrastructure investing, today announced a series of strategic enhancements to the Tortoise Essential Energy Fund (TPZ) that will become effective on January 1, 2026. These updates include changes to the fund's investment policy and name, as well as a shift in distribution frequency.

TPZ's new non-fundamental investment policy is centered on what Tortoise believes may be one of the most powerful and durable investment themes of the next decade: the buildout of North American electrification infrastructure. Electrification refers to the rapidly expanding system of power generation, transmission, distribution, and equipment needed to support rising electricity demand across industries. To reflect this expanded focus, the fund will be renamed the Tortoise Electrification Infrastructure ETF, positioning it to invest primarily in the companies powering the growth of the modern electricity infrastructure.