Tortoise Capital Advisors Announces Completion of TYG, TYY and TYN Merger

Tortoise Capital Advisors today announced the completion of the merger of Tortoise Energy Infrastructure Corp. (NYSE: TYG), Tortoise Energy Capital Corp. (NYSE: TYY) and Tortoise North American Energy Corp. (NYSE: TYN).

TYG acquired substantially all of the assets and liabilities of TYY and TYN in a tax-free transaction in exchange for an equal aggregate value of newly issued TYG common stock and cash proceeds for fractional shares. The exchange rates were based on each fund’s relative net asset value (“NAV”) per share as of June 20, 2014, as listed below:

*Acquired Fund NAV per share/TYG NAV per share

Additionally, TYY preferred stockholders received an equivalent number of newly issued TYG Series C Mandatory Redeemable Preferred shares with terms identical to their previously held TYY Series C Mandatory Redeemable Preferred shares.

TYG’s post-merger total assets and NAV were approximately $4.4 billion and $2.4 billion, respectively. Its NAV per share was $50.95, with approximately 48.0 million shares outstanding.

About Tortoise Capital Advisors, L.L.C.

Tortoise Capital Advisors, L.L.C. is an investment manager specializing in listed energy investments. As of May 31, 2014, the adviser had approximately $17.2 billion of assets under management in NYSE-listed closed-end funds companies, open-end funds and other accounts. For more information, visit www.tortoiseadvisors.com.

Forward-looking statement

This press release contains certain statements that may include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are “forward-looking statements.” Although the funds and Tortoise Capital Advisors believe that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the funds’ reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, the funds and Tortoise Capital Advisors do not assume a duty to update this forward-looking statement.

Safe harbor statement

This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.