SCHEDULE: Morgan Stanley Discloses 6.1% Stake in Tortoise Energy

Morgan Stanley and its subsidiary, Morgan Stanley Smith Barney LLC, reported a 6.1% beneficial ownership stake in Tortoise Energy Infrastructure Corp. common stock.

Summary

• Morgan Stanley and its wholly-owned subsidiary, Morgan Stanley Smith Barney LLC, collectively reported beneficial ownership of 1,045,172 shares of Tortoise Energy Infrastructure Corp. Common Stock.
• This aggregate ownership represents 6.1% of the issuer's outstanding common stock.
• Morgan Stanley holds shared dispositive power over 1,045,172 shares and shared voting power over 688 shares.
• Morgan Stanley Smith Barney LLC holds shared dispositive power over 1,044,485 shares and shared voting power over 1 share.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of beneficial ownership, which is neutral in sentiment. The presence of a large institutional investor can be seen as a minor positive signal, but the filing itself does not contain forward-looking statements or performance metrics to significantly shift sentiment.

Positives

• The disclosure of a significant 6.1% stake by a major financial institution like Morgan Stanley may signal institutional confidence in Tortoise Energy Infrastructure Corp.

Future Outlook

NA

Management Comments

• The securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer.

Industry Context

This filing reflects a passive investment position by a major financial institution in a company operating within the energy infrastructure sector, a sector often characterized by stable, long-term assets and regulated returns.

Related Party Transactions

• Morgan Stanley Smith Barney LLC, one of the reporting persons, is a wholly-owned subsidiary of Morgan Stanley, the other reporting person, indicating a consolidated ownership structure.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership, which can influence market perception and liquidity.

Key Dates

Keywords

Tortoise Energy Infrastructure Corp, Morgan Stanley, Institutional Ownership, Common Stock, Energy Infrastructure, SEC Filing, Schedule 13G