Tortoise Energy Declares $0.4375 Distribution

The Board of Directors of Tortoise Energy Independence Fund, Inc. (NYSE: NDP) has declared its initial distribution of $0.4375 per share. The distribution will be paid on Nov. 30, 2012 to stockholders of record on Nov. 23, 2012. This distribution achieves the fund's target of a 7.0 percent annualized yield on its $25 public offering price. The fund provides access to what Tortoise believes is an extended period of North American oil and gas production growth, which is expected to support North American energy independence. The fund focuses primarily on North American energy companies that engage in the exploration and production of crude oil, condensate, natural gas and natural gas liquids and that generally have a strong presence in North American oil and gas reservoirs.