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NDP (Tortoise Energy Independence Fund,) Shares Outstanding (EOP) : 1.67 Mil (As of May. 2024)


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What is Tortoise Energy Independence Fund, Shares Outstanding (EOP)?

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Tortoise Energy Independence Fund,'s shares outstanding for the quarter that ended in May. 2024 was 1.67 Mil.

Tortoise Energy Independence Fund,'s quarterly shares outstanding increased from Nov. 2023 (1.67 Mil) to May. 2024 (1.67 Mil). It means Tortoise Energy Independence Fund, issued new shares from Nov. 2023 to May. 2024 .

Tortoise Energy Independence Fund,'s annual shares outstanding declined from Nov. 2022 (1.75 Mil) to Nov. 2023 (1.67 Mil). It means Tortoise Energy Independence Fund, bought back shares from Nov. 2022 to Nov. 2023 .


Tortoise Energy Independence Fund, Shares Outstanding (EOP) Historical Data

The historical data trend for Tortoise Energy Independence Fund,'s Shares Outstanding (EOP) 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.

* Premium members only.

Tortoise Energy Independence Fund, Shares Outstanding (EOP) Chart

Tortoise Energy Independence Fund, Annual Data
Trend Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Shares Outstanding (EOP)
Get a 7-Day Free Trial 1.85 1.85 1.85 1.75 1.67

Tortoise Energy Independence Fund, Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24
Shares Outstanding (EOP) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.85 1.75 1.75 1.67 1.67

Competitive Comparison of Tortoise Energy Independence Fund,'s Shares Outstanding (EOP)

For the Asset Management subindustry, Tortoise Energy Independence Fund,'s Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Tortoise Energy Independence Fund,'s Shares Outstanding (EOP) Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Tortoise Energy Independence Fund,'s Shares Outstanding (EOP) distribution charts can be found below:

* The bar in red indicates where Tortoise Energy Independence Fund,'s Shares Outstanding (EOP) falls into.



Tortoise Energy Independence Fund, Shares Outstanding (EOP) Calculation

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.

Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.

Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that end of period. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.


Tortoise Energy Independence Fund,  (NYSE:NDP) Shares Outstanding (EOP) Explanation

A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.

Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Tortoise Energy Independence Fund, Shares Outstanding (EOP) Related Terms

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Tortoise Energy Independence Fund, Business Description

Traded in Other Exchanges
N/A
Address
6363 College Boulevard, Suite 100A, Overland Park, KS, USA, 66211
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