TYG - Tortoise Energy Infrastructure Corp

Insider Purchase by Prudential Financial Inc (10%)

1 Year
After Trade
Before Trade

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Trade Summary

6 months ago, Prudential Financial Inc, serving as 10% owner at Tortoise Energy Infrastructure Corp (TYG), purchased 1,500,000 shares at $10.00 per share, for a total transaction value of $15,000,000.00. Following this transaction, Prudential Financial Inc now holds 1,500,000 shares of TYG.

The trade was executed on Thursday, August 21, 2025 and publicly disclosed via SEC Form 4 filing on Monday, August 25, 2025, 4 days after the trade was made.

Tortoise Energy Infrastructure Corp operates in the FINANCIAL SERVICES sector, specifically within the ASSET MANAGEMENT industry. Insider buying activity in this sector can provide valuable signals about industry trends and company-specific developments.

Prudential Financial Inc

10%

Prudential Financial Inc. is a major multinational financial services company headquartered in Newark, New Jersey, specializing in insurance, investment management, and retirement services.[[9]](https://investor.prudential.com/overview/default.aspx) Founded in 1875 as a mutual life insurance company, Prudential has grown into one of the largest financial institutions globally, managing over $1.5 trillion in assets under management as of September 30, 2025, and serving customers in more than 50 countries with diversified businesses including life insurance, annuities, and asset management.[[9]](https://investor.prudential.com/overview/default.aspx) The company maintains a strong commitment to shareholder returns, evidenced by a 5-year annual dividends per share CAGR from 2019 to 2024.[[9]](https://investor.prudential.com/overview/default.aspx) As a 10% Owner of Tortoise Energy Infrastructure Corp (TYG), Prudential Financial Inc., through subsidiaries like PRUCO and Prudential Insurance Co of America, has actively increased its stake via non-open market acquisitions of Series J mandatory redeemable preferred shares.[[1]](https://www.stocktitan.net/sec-filings/TYG/form-4-tortoise-energy-infrastructure-corp-insider-trading-activity-bd40e33aaa36.html)[[3]](https://www.gurufocus.com/insider/93551/prudential-financial-inc)[[5]](https://www.ainvest.com/news/prudential-financial-buys-1-5m-shares-tortoise-energy-infrastructure-corp-2508/)[[6]](https://www.nasdaq.com/market-activity/stocks/tyg/insider-activity) Notable transactions include the purchase of 1,500,000 shares at $10 each on August 21, 2025, bolstering its 10% ownership,[[5]](https://www.ainvest.com/news/prudential-financial-buys-1-5m-shares-tortoise-energy-infrastructure-corp-2508/)[[7]](https://www.insidearbitrage.com/symbol-metrics/TYG/insider-transactions) and additional acquisitions such as 300,000 shares on December 23, 2024, contributing to holdings reported at 29,458,677 shares.[[6]](https://www.nasdaq.com/market-activity/stocks/tyg/insider-activity) These moves reflect Prudential's strategic investments in energy infrastructure securities.[[2]](https://www.investing.com/news/insider-trading-news/prudential-financial-reports-556-billion-in-purchases-of-tortoise-energy-securities-93CH-3785206)[[4]](https://www.marketbeat.com/stocks/NYSE/TYG/sec-filings/)

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Trade Price

$10.00

Quantity

1,500,000

Total Value

$15,000,000.00

Shares Owned

1,500,000

Trade Date

Thursday, August 21, 2025

185 days ago

SEC Filing Date

Monday, August 25, 2025

Filed 4 days after trade

FINANCIAL SERVICESASSET MANAGEMENT

About Tortoise Energy Infrastructure Corp

Company Overview

No company information available
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