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Tortoise Energy Infrastructure (NYSE: TYG) gets 6M preferred share buy

(Very High)
(Very Positive)
Form Type
4

Rhea-AI Filing Summary

Prudential Financial–affiliated insurers purchased preferred shares of Tortoise Energy Infrastructure Corp. On 2026-07-15, The Prudential Insurance Company of America bought 3,000,000 shares of Series K Mandatory Redeemable Preferred Stock at $10 per share, and PRUCO Life Insurance Company bought 3,000,000 shares of Series L at $10 per share, both held indirectly through these subsidiaries.

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Insights

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Insider PRUDENTIAL FINANCIAL INC, PRUDENTIAL INSURANCE CO OF AMERICA, PRUCO LIFE INSURANCE CO
Role 10% Owner | 10% Owner | 10% Owner
Bought 6,000,000 shs ($60.00M)
Type Security Shares Price Value
Purchase Series K Mandatory Redeemable Preferred Stock 3,000,000 $10.00 $30.00M
Purchase Series L Mandatory Redeemable Preferred Stock 3,000,000 $10.00 $30.00M
Holdings After Transaction: Series K Mandatory Redeemable Preferred Stock — 3,000,000 shares (Indirect, By The Prudential Insurance Company of America, a wholly-owned subsidiary of the Reporting Person); Series L Mandatory Redeemable Preferred Stock — 3,000,000 shares (Indirect, By PRUCO Life Insurance Company, a wholly-owned subsidiary of the Reporting Person)
Footnotes (1)
  1. Preferred stock owned by The Prudential Insurance Company of America, indirectly owned by Prudential Financial, Inc., its parent holding company and a ten percent owner of a class. Preferred stock owned by PRUCO Life Insurance Company, indirectly owned by Prudential Financial, Inc., its parent holding company and a ten percent owner of a class.
Series K shares purchased 3,000,000 shares Series K Mandatory Redeemable Preferred Stock bought on 2026-07-15
Series L shares purchased 3,000,000 shares Series L Mandatory Redeemable Preferred Stock bought on 2026-07-15
Purchase price per share $10.00 Price per share for both Series K and Series L purchases
Total preferred shares purchased 6,000,000 shares Aggregate of Series K and Series L preferred stock bought by Prudential affiliates
Series K holdings after transaction 3,000,000 shares Total Series K Mandatory Redeemable Preferred Stock held following the purchase
Series L holdings after transaction 3,000,000 shares Total Series L Mandatory Redeemable Preferred Stock held following the purchase
Mandatory Redeemable Preferred Stock financial
"Series K Mandatory Redeemable Preferred Stock"
ten percent owner regulatory
"its parent holding company and a ten percent owner of a class"
indirectly owned financial
"Preferred stock owned by PRUCO Life Insurance Company, indirectly owned by Prudential"

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FAQ

What insider transactions in TYG are reported for Prudential entities?

Prudential-affiliated insurers purchased 6,000,000 preferred shares of Tortoise Energy Infrastructure Corp. on 2026-07-15, split evenly between Series K and Series L Mandatory Redeemable Preferred Stock, at a price of $10 per share for each series.

How many TYG preferred shares did each Prudential subsidiary acquire and at what price?

Each Prudential subsidiary acquired 3,000,000 preferred shares at $10.00 per share. Prudential Insurance bought 3,000,000 Series K Mandatory Redeemable Preferred shares, and PRUCO Life bought 3,000,000 Series L Mandatory Redeemable Preferred shares, all on 2026-07-15.

Are the TYG preferred shares held directly by Prudential Financial Inc.?

The preferred shares are held indirectly through subsidiaries. Series K shares are owned by The Prudential Insurance Company of America and Series L shares by PRUCO Life Insurance Company, both indirectly owned by Prudential Financial, Inc. as their parent holding company.

Were the TYG insider purchases made under a Rule 10b5-1 trading plan?

The transactions were not marked as being under a Rule 10b5-1 trading plan. The Form 4’s plan affirmation checkbox is unchecked, and no footnote describes these purchases as executed pursuant to a pre-arranged trading arrangement.

What ownership status does Prudential Financial Inc. report in relation to TYG?

Prudential Financial Inc. is described as a ten percent owner of a class of Tortoise Energy Infrastructure Corp., through indirect ownership of preferred stock held by its insurance subsidiaries, including The Prudential Insurance Company of America and PRUCO Life Insurance Company.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
PRUDENTIAL FINANCIAL INC

(Last)(First)(Middle)
751 BROAD ST

(Street)
NEWARK NEW JERSEY 07102

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
TORTOISE ENERGY INFRASTRUCTURE CORP [ tyg ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
DirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/15/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
XForm filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Series K Mandatory Redeemable Preferred Stock07/15/2026P3,000,000A$103,000,000I(1)By The Prudential Insurance Company of America, a wholly-owned subsidiary of the Reporting Person
Series L Mandatory Redeemable Preferred Stock07/15/2026P3,000,000A$103,000,000I(2)By PRUCO Life Insurance Company, a wholly-owned subsidiary of the Reporting Person
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
1. Name and Address of Reporting Person*
PRUDENTIAL FINANCIAL INC

(Last)(First)(Middle)
751 BROAD ST

(Street)
NEWARK NEW JERSEY 07102

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
PRUDENTIAL INSURANCE CO OF AMERICA

(Last)(First)(Middle)
751 BROAD STREET

(Street)
NEWARK NEW JERSEY 07102

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
PRUCO LIFE INSURANCE CO

(Last)(First)(Middle)
213 WASHINGTON STREET

(Street)
NEWARK NEW JERSEY 07102

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
Explanation of Responses:
1. Preferred stock owned by The Prudential Insurance Company of America, indirectly owned by Prudential Financial, Inc., its parent holding company and a ten percent owner of a class.
2. Preferred stock owned by PRUCO Life Insurance Company, indirectly owned by Prudential Financial, Inc., its parent holding company and a ten percent owner of a class.
Prudential Financial, Inc., By: /s/ Richard Baker, Second Vice President07/16/2026
The Prudential Insurance Company of America, By: PGIM, Inc., as Investment Manager, By: /s/ Aaron Christopherson, Vice President07/16/2026
PRUCO Life Insurance Company, By: PGIM, Inc., as Investment Manager, , By: /s/ Aaron Christopherson, Vice President07/16/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)