Tortoise Closed-End Funds Announce the Board’s Approval of Amended and Restated Bylaws

LEAWOOD, KS--(BUSINESS WIRE)--Each fund, effective today, has adopted Amended and Restated Bylaws (Bylaws). The amendments to the Bylaws were adopted in an effort to protect each fund’s ability to pursue its investment objective and long-term value for stockholders. Included in the amendments is the election to be subject to the Maryland Control Share Acquisition Act (MCSAA), which seeks to limit the ability of an acquiring person to achieve a short-term gain at the expense of a fund’s ability...

Leggi tutto

Tags: CEF BUSINESSWIRE

Fonte: BUSINESSWIRE