[SCHEDULE 13G] Tortoise Energy Infrastructure Corp. SEC Filing
Tortoise Energy Infrastructure Corp. has a Schedule 13G reporting that Massachusetts Mutual Life Insurance Company directly owns 1,000,000 Series J Mandatory Redeemable Preferred Shares, representing 14.3% of the MRPS class based on the issuer's reported aggregate liquidation preference. Those shares are held in one or more advisory accounts and Barings LLC, a wholly-owned indirect subsidiary of MassMutual, acts as investment adviser and may be deemed a beneficial owner. All reported shares show shared voting and dispositive power of 1,000,000 and no sole voting or dispositive power. The filing states the shares were acquired and are held in the ordinary course of business and not for the purpose of changing control.
Tortoise Energy Infrastructure Corp. ha presentato un Schedule 13G che riporta come la Massachusetts Mutual Life Insurance Company possieda direttamente 1.000.000 di Azioni Preferenziali Rimborsabili Obbligatorie Serie J, corrispondenti al 14,3% della classe MRPS calcolato in base alla preferenza di liquidazione aggregata riportata dall'emittente. Queste azioni sono detenute in uno o pi霉 conti gestiti e Barings LLC, una sussidiaria indiretta interamente controllata da MassMutual, funge da consulente d'investimento e potrebbe essere considerata beneficiaria. Tutte le azioni dichiarate mostrano potere di voto e disposizione condivisi su 1.000.000 di azioni e nessun potere di voto o di disposizione esclusivo. La comunicazione indica che le azioni sono state acquisite e sono detenute nell'ordinario svolgimento dell'attivit脿 e non allo scopo di modificare il controllo.
Tortoise Energy Infrastructure Corp. presenta un Schedule 13G que informa que Massachusetts Mutual Life Insurance Company posee directamente 1.000.000 de Acciones Preferentes Rescatables Obligatorias Serie J, que representan el 14,3% de la clase MRPS seg煤n la preferencia de liquidaci贸n agregada reportada por el emisor. Esas acciones se mantienen en una o m谩s cuentas asesoradas y Barings LLC, una subsidiaria indirecta de propiedad total de MassMutual, act煤a como asesora de inversiones y podr铆a considerarse propietaria beneficiaria. Todas las acciones reportadas muestran poderes compartidos de voto y disposici贸n sobre 1.000.000 y no hay poder exclusivo de voto ni de disposici贸n. La presentaci贸n indica que las acciones se adquirieron y se mantienen en el curso ordinario del negocio y no con el prop贸sito de cambiar el control.
Tortoise Energy Infrastructure Corp.電� Schedule 13G毳� 鞝滌稖頃橃棳 Massachusetts Mutual Life Insurance Company臧� 歆侅爲 1,000,000欤� Series J 鞚橂靸來櫂 鞖办劆欤茧ゼ 氤挫湢頃橁碃 鞛堨溂氅�, 氚滍枆靷皜 氤搓碃頃� 齑� 觳偘 鞖办劆甓岇潉 旮办鞙茧 MRPS 韥措灅鞀れ潣 14.3%鞐� 頃措嫻頃滊嫟瓿� 氤搓碃頄堨姷雼堧嫟. 頃措嫻 欤检嫕鞚� 頃橂倶 鞚挫儊鞚� 鞛愲 瓿勳鞐� 氤搓磤霅橃柎 鞛堦碃 Barings LLC電� MassMutual鞚� 100% 臧勳爲 鞛愴殞靷靹� 韴瀽 鞛愲靷� 鞐暊鞚� 頃橂┌ 鞁れ鞝� 靻岇湢鞛愲 臧勳＜霅� 靾� 鞛堨姷雼堧嫟. 氤搓碃霅� 氇摖 欤检嫕鞚� 1,000,000欤检棎 雽�頃� 瓿惦彊 鞚橁舶甓� 氚� 觳橂秳甓�鞚� 氤挫湢頃橁碃 鞛堨溂氅� 雼弲 鞚橁舶甓岇澊雮� 觳橂秳甓岇潃 鞐嗢姷雼堧嫟. 鞝滌稖靹滊電� 鞚� 欤检嫕霌れ澊 韱奠儊鞝侅澑 鞓侅梾 瓿检爼鞐愳劀 旆摑路氤挫湢霅� 瓴冹澊氅� 歆�氚瓣秾 氤�瓴届潉 氇╈爜鞙茧 頃橃 鞎婌晿雼り碃 氇呾嫓頃橁碃 鞛堨姷雼堧嫟.
Tortoise Energy Infrastructure Corp. a d茅pos茅 un Schedule 13G indiquant que Massachusetts Mutual Life Insurance Company d茅tient directement 1 000 000 d'actions privil茅gi茅es remboursables obligatoires s茅rie J, repr茅sentant 14,3 % de la classe MRPS sur la base de la pr茅f茅rence de liquidation agr茅g茅e d茅clar茅e par l'茅metteur. Ces actions sont d茅tenues dans un ou plusieurs comptes conseill茅s et Barings LLC, une filiale indirecte enti猫rement d茅tenue par MassMutual, agit en tant que conseiller en investissement et peut 锚tre consid茅r茅e comme propri茅taire b茅n茅ficiaire. Toutes les actions d茅clar茅es montrent un pouvoir de vote et de disposition partag茅 sur 1 000 000 d'actions et aucun pouvoir exclusif de vote ou de disposition. Le d茅p么t pr茅cise que les actions ont 茅t茅 acquises et sont d茅tenues dans le cours normal des affaires et non dans le but de modifier le contr么le.
Tortoise Energy Infrastructure Corp. hat ein Schedule 13G eingereicht, das ausweist, dass die Massachusetts Mutual Life Insurance Company unmittelbar 1.000.000 Series J verpflichtend r眉ckzahlbare Vorzugsaktien besitzt, was 14,3 % der MRPS-Klasse anhand der vom Emittenten gemeldeten aggregierten Liquidationspr盲ferenz entspricht. Diese Aktien werden in einem oder mehreren beratenden Konten gehalten, und Barings LLC 鈥� eine vollst盲ndig indirekt von MassMutual gehaltene Tochtergesellschaft 鈥� fungiert als Anlageberater und kann als wirtschaftlicher Eigent眉mer angesehen werden. Alle gemeldeten Aktien zeigen geteilte Stimm- und Verf眉gungsrechte 眉ber 1.000.000 Aktien; es bestehen keine alleinigen Stimm- oder Verf眉gungsrechte. Die Einreichung gibt an, dass die Aktien im gew枚hnlichen Gesch盲ftsverlauf erworben und gehalten werden und nicht zum Zweck einer Kontroll盲nderung.
- Discloses a clear, material position of 1,000,000 Series J MRPS representing 14.3% of the class, improving transparency for investors
- Reports shares are held in advisory accounts with Barings LLC serving as investment adviser, clarifying managerial/ownership structure
- Filing includes a certification that the holdings are held in the ordinary course of business and not to influence control
- Significant concentration: a single reporting group holds 14.3% of the MRPS class, which could be material to preferred security dynamics
- All reported power is shared, so specific decision-making authority over votes or dispositions is not clearly attributable to a single party
Insights
TL;DR: MassMutual reports a meaningful minority position of 14.3% in the Series J preferred class, held via advisory accounts with Barings as adviser.
The filing discloses a non-control, passive holding of 1,000,000 Series J MRPS representing 14.3% of that preferred class by Massachusetts Mutual Life Insurance Company, with Barings LLC acting as investment adviser. Voting and dispositive power are reported as shared, indicating the securities are managed through advisory accounts rather than direct sole control. For creditors and preferred holders, this clarifies concentration in the MRPS tranche but does not indicate any activist intent or control change.
TL;DR: Disclosure confirms substantial passive ownership without intent to influence issuer control.
The Schedule 13G compliance language and certification assert the position is held in the ordinary course of business and not for control purposes. The joint filing and adviser relationship are properly disclosed, including shared voting and dispositive power. From a governance perspective, the filing signals a significant investor in the preferred series but explicitly classifies the stake as passive, reducing immediate governance implications for the issuer.
Tortoise Energy Infrastructure Corp. ha presentato un Schedule 13G che riporta come la Massachusetts Mutual Life Insurance Company possieda direttamente 1.000.000 di Azioni Preferenziali Rimborsabili Obbligatorie Serie J, corrispondenti al 14,3% della classe MRPS calcolato in base alla preferenza di liquidazione aggregata riportata dall'emittente. Queste azioni sono detenute in uno o pi霉 conti gestiti e Barings LLC, una sussidiaria indiretta interamente controllata da MassMutual, funge da consulente d'investimento e potrebbe essere considerata beneficiaria. Tutte le azioni dichiarate mostrano potere di voto e disposizione condivisi su 1.000.000 di azioni e nessun potere di voto o di disposizione esclusivo. La comunicazione indica che le azioni sono state acquisite e sono detenute nell'ordinario svolgimento dell'attivit脿 e non allo scopo di modificare il controllo.
Tortoise Energy Infrastructure Corp. presenta un Schedule 13G que informa que Massachusetts Mutual Life Insurance Company posee directamente 1.000.000 de Acciones Preferentes Rescatables Obligatorias Serie J, que representan el 14,3% de la clase MRPS seg煤n la preferencia de liquidaci贸n agregada reportada por el emisor. Esas acciones se mantienen en una o m谩s cuentas asesoradas y Barings LLC, una subsidiaria indirecta de propiedad total de MassMutual, act煤a como asesora de inversiones y podr铆a considerarse propietaria beneficiaria. Todas las acciones reportadas muestran poderes compartidos de voto y disposici贸n sobre 1.000.000 y no hay poder exclusivo de voto ni de disposici贸n. La presentaci贸n indica que las acciones se adquirieron y se mantienen en el curso ordinario del negocio y no con el prop贸sito de cambiar el control.
Tortoise Energy Infrastructure Corp.電� Schedule 13G毳� 鞝滌稖頃橃棳 Massachusetts Mutual Life Insurance Company臧� 歆侅爲 1,000,000欤� Series J 鞚橂靸來櫂 鞖办劆欤茧ゼ 氤挫湢頃橁碃 鞛堨溂氅�, 氚滍枆靷皜 氤搓碃頃� 齑� 觳偘 鞖办劆甓岇潉 旮办鞙茧 MRPS 韥措灅鞀れ潣 14.3%鞐� 頃措嫻頃滊嫟瓿� 氤搓碃頄堨姷雼堧嫟. 頃措嫻 欤检嫕鞚� 頃橂倶 鞚挫儊鞚� 鞛愲 瓿勳鞐� 氤搓磤霅橃柎 鞛堦碃 Barings LLC電� MassMutual鞚� 100% 臧勳爲 鞛愴殞靷靹� 韴瀽 鞛愲靷� 鞐暊鞚� 頃橂┌ 鞁れ鞝� 靻岇湢鞛愲 臧勳＜霅� 靾� 鞛堨姷雼堧嫟. 氤搓碃霅� 氇摖 欤检嫕鞚� 1,000,000欤检棎 雽�頃� 瓿惦彊 鞚橁舶甓� 氚� 觳橂秳甓�鞚� 氤挫湢頃橁碃 鞛堨溂氅� 雼弲 鞚橁舶甓岇澊雮� 觳橂秳甓岇潃 鞐嗢姷雼堧嫟. 鞝滌稖靹滊電� 鞚� 欤检嫕霌れ澊 韱奠儊鞝侅澑 鞓侅梾 瓿检爼鞐愳劀 旆摑路氤挫湢霅� 瓴冹澊氅� 歆�氚瓣秾 氤�瓴届潉 氇╈爜鞙茧 頃橃 鞎婌晿雼り碃 氇呾嫓頃橁碃 鞛堨姷雼堧嫟.
Tortoise Energy Infrastructure Corp. a d茅pos茅 un Schedule 13G indiquant que Massachusetts Mutual Life Insurance Company d茅tient directement 1 000 000 d'actions privil茅gi茅es remboursables obligatoires s茅rie J, repr茅sentant 14,3 % de la classe MRPS sur la base de la pr茅f茅rence de liquidation agr茅g茅e d茅clar茅e par l'茅metteur. Ces actions sont d茅tenues dans un ou plusieurs comptes conseill茅s et Barings LLC, une filiale indirecte enti猫rement d茅tenue par MassMutual, agit en tant que conseiller en investissement et peut 锚tre consid茅r茅e comme propri茅taire b茅n茅ficiaire. Toutes les actions d茅clar茅es montrent un pouvoir de vote et de disposition partag茅 sur 1 000 000 d'actions et aucun pouvoir exclusif de vote ou de disposition. Le d茅p么t pr茅cise que les actions ont 茅t茅 acquises et sont d茅tenues dans le cours normal des affaires et non dans le but de modifier le contr么le.
Tortoise Energy Infrastructure Corp. hat ein Schedule 13G eingereicht, das ausweist, dass die Massachusetts Mutual Life Insurance Company unmittelbar 1.000.000 Series J verpflichtend r眉ckzahlbare Vorzugsaktien besitzt, was 14,3 % der MRPS-Klasse anhand der vom Emittenten gemeldeten aggregierten Liquidationspr盲ferenz entspricht. Diese Aktien werden in einem oder mehreren beratenden Konten gehalten, und Barings LLC 鈥� eine vollst盲ndig indirekt von MassMutual gehaltene Tochtergesellschaft 鈥� fungiert als Anlageberater und kann als wirtschaftlicher Eigent眉mer angesehen werden. Alle gemeldeten Aktien zeigen geteilte Stimm- und Verf眉gungsrechte 眉ber 1.000.000 Aktien; es bestehen keine alleinigen Stimm- oder Verf眉gungsrechte. Die Einreichung gibt an, dass die Aktien im gew枚hnlichen Gesch盲ftsverlauf erworben und gehalten werden und nicht zum Zweck einer Kontroll盲nderung.
FAQ
What stake does Massachusetts Mutual Life Insurance Company report in TYG Series J MRPS?
Does Barings LLC directly own the shares reported in the Schedule 13G for TYG?
What voting and dispositive powers are reported for the 1,000,000 shares?
Is the reported holding intended to influence control of Tortoise Energy Infrastructure Corp.?
Who signed the Schedule 13G filing for the reporting persons?
