TYG: The 13% Yield Isn't The Problem - The Price Tag Is

Tortoise Energy Infrastructure Corp is rated a strong Hold due to a diminished discount cushion despite solid asset quality and distribution coverage. TYG offers ~26% leverage and ~44% power infrastructure allocation, enhancing diversification and potential forward returns versus pure midstream peers. Recent discount compression to ~6.7% limits entry appeal; alternatives like KYN (~12.7% discount) or AMLP (no discount risk) offer better cushions. Existing TYG investors can expect mid to high single digit total returns, but slower growth and potential NAV erosion if returns moderate.