Tortoise offers shares for smart grid (KC)

Tortoise Energy Infrastructure Corp. said Thursday that it will offer 2.5 million shares of common stock.

Leawood-based Tortoise (NYSE: TYG) said it will use the offering’s proceeds to invest in energy infrastructure companies. Until investments are made, the company said it will use the money to repay short-term debt and to invest in money-market instruments or short-term securities issued by the U.S. government.

See the full report in the Kansas City Business Journal

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