Tortoise Energy Independence Fund, Inc. (NYSE:NDP) announces a share repurchase program. Under the offer, the fund will repurchase up to 87,684 shares, representing 5% of its outstanding shares. The shares will be purchased at a price equal to 98% of the net asset value per share as on November 1, 2023. The purpose of the tender offer is to provide liquidity to investors who hold shares in the Fund. The offer will be funded from cash, liquid securities in the Fund?s investment portfolio or borrowings. If more shares than the Offer amount are properly tendered and not withdrawn prior to the date the offer expires, the fund will purchase the offer amount on a pro rata basis. The offer will expire on November 1, 2023, unless extended. As of September 25, 2023, the fund had 1,753,698 issued and outstanding shares.

Steven F. Carman of Husch Blackwell LLP acted as legal advisors and Georgeson LLC acted as information agent and Computershare Inc. and Computershare Trust Company, N.A. acted as depositary to the fund.