TORTOISEECOFIN

TortoiseEcofin focuses on essential assets – those assets and services that are indispensable to the economy and society. TortoiseEcofin brings together strong legacies from Tortoise, with expertise investing across the energy value chain for more than 20 years, and from Ecofin, which unites ecology and finance and has roots

back to the early

ENERGY | TORTOISEECOFIN Energy. Tortoise focuses on energy & power infrastructure and the transition to cleaner energy. Tortoise’s solid track record of energy value chain investment experience and research dates back more than 20 years. As one of the earliest investors in midstream energy, Tortoise believes it is well-positioned to be at the forefront of the

global

CONTACT US | TORTOISEECOFIN Portfolio manager Jean-Hugues de Lamaze discusses the transformation of utilities worldwide to de-carbonize the power generation mix, utility companies de-risking their business models as the power generation mix shifts, and attractive characteristics of renewable

energy source

OUR PEOPLE | TORTOISEECOFIN Meet the People of TortoiseEcofin. At TortoiseEcofin, we know that our most essential assets are our people. Our team-oriented culture creates a challenging and rewarding environment for our employees to thrive. We encourage our team to make a difference both professionally and personally. Business Development Ecofin Business Development COVID-19 AND THE IMPACT ON SENIOR LIVING FACILITIES We have gone to extreme lengths in a short period of time and have contacted every borrower on our platform to proactively determine if there are any current or perceived issues in the portfolio as a result

of COVID-19.

ABOUT TORTOISEECOFIN About. About TortoiseEcofin. TortoiseEcofin focuses on essential assets – those assets and services that are indispensable to the economy and society. We strive to make a positive impact on clients and communities by investing in energy infrastructure and the transition to cleaner energy and by providing capital for social

impact projects

PRINCIPLES FOR RESPONSIBLE INVESTMENT TortoiseEcofin is a signatory of the United Nations-supported Principles for Responsible Investment (PRI). The PRI initiative is recognized as the leading global network for investors and financial industry participants who are committed to integrating environmental, social and governance (ESG) considerations into their investment practices and ownership policies. ECOFIN GLOBAL DIGITAL PAYMENTS INFRASTRUCTURE INDEX (TPMT The Ecofin Global Digital Payments Infrastructure Index SM represents the existing global electronic transactions landscape. It is a proprietary, rules-based, modified market capitalization-weighted, float-adjusted index comprised of companies that are materially engaged in electronic transactions, including merchant processing and

settlement

CHARTER SCHOOLS

The history of education in the United States is an evolution from a luxury for the children of the wealthy, to a fundamental right for all. In colonial times, it was common for children of prominent families to be taught in the home by private tutors or a parent. TORTOISE ACQUISITION CORP. NOMINATING AND CORPORATE 1 . TORTOISE ACQUISITION CORP. NOMINATING AND CORPORATE GOVERNANCE COMMITTEE CHARTER (Adopted as of February 27, 2019 ) The responsibilities and powers of this Nominating and Corporate Governance Committee

TORTOISEECOFIN

TortoiseEcofin focuses on essential assets – those assets and services that are indispensable to the economy and society. TortoiseEcofin brings together strong legacies from Tortoise, with expertise investing across the energy value chain for more than 20 years, and from Ecofin, which unites ecology and finance and has roots

back to the early

ENERGY | TORTOISEECOFIN Energy. Tortoise focuses on energy & power infrastructure and the transition to cleaner energy. Tortoise’s solid track record of energy value chain investment experience and research dates back more than 20 years. As one of the earliest investors in midstream energy, Tortoise believes it is well-positioned to be at the forefront of the

global

CONTACT US | TORTOISEECOFIN Portfolio manager Jean-Hugues de Lamaze discusses the transformation of utilities worldwide to de-carbonize the power generation mix, utility companies de-risking their business models as the power generation mix shifts, and attractive characteristics of renewable

energy source

OUR PEOPLE | TORTOISEECOFIN Meet the People of TortoiseEcofin. At TortoiseEcofin, we know that our most essential assets are our people. Our team-oriented culture creates a challenging and rewarding environment for our employees to thrive. We encourage our team to make a difference both professionally and personally. Business Development Ecofin Business Development COVID-19 AND THE IMPACT ON SENIOR LIVING FACILITIES We have gone to extreme lengths in a short period of time and have contacted every borrower on our platform to proactively determine if there are any current or perceived issues in the portfolio as a result

of COVID-19.

ABOUT TORTOISEECOFIN About. About TortoiseEcofin. TortoiseEcofin focuses on essential assets – those assets and services that are indispensable to the economy and society. We strive to make a positive impact on clients and communities by investing in energy infrastructure and the transition to cleaner energy and by providing capital for social

impact projects

PRINCIPLES FOR RESPONSIBLE INVESTMENT TortoiseEcofin is a signatory of the United Nations-supported Principles for Responsible Investment (PRI). The PRI initiative is recognized as the leading global network for investors and financial industry participants who are committed to integrating environmental, social and governance (ESG) considerations into their investment practices and ownership policies. ECOFIN GLOBAL DIGITAL PAYMENTS INFRASTRUCTURE INDEX (TPMT The Ecofin Global Digital Payments Infrastructure Index SM represents the existing global electronic transactions landscape. It is a proprietary, rules-based, modified market capitalization-weighted, float-adjusted index comprised of companies that are materially engaged in electronic transactions, including merchant processing and

settlement

CHARTER SCHOOLS

The history of education in the United States is an evolution from a luxury for the children of the wealthy, to a fundamental right for all. In colonial times, it was common for children of prominent families to be taught in the home by private tutors or a parent. TORTOISE ACQUISITION CORP. NOMINATING AND CORPORATE 1 . TORTOISE ACQUISITION CORP. NOMINATING AND CORPORATE GOVERNANCE COMMITTEE CHARTER (Adopted as of February 27, 2019 ) The responsibilities and powers of this Nominating and Corporate Governance Committee COVID-19 AND THE IMPACT ON SENIOR LIVING FACILITIES We have gone to extreme lengths in a short period of time and have contacted every borrower on our platform to proactively determine if there are any current or perceived issues in the portfolio as a result

of COVID-19.

EVOLVING OPPORTUNITIES IN GLOBAL ENERGY DISRUPTION Join us in the Evolving Opportunities in Global Energy Disruption series as we learn from a policy analyst as well as C-level executives from a variety of energy companies that all have something in common – they are on the cutting edge of the energy evolution and are leading the changes in the energy sector. COVID-19 AND THE IMPACT ON SENIOR LIVING FACILITIES 02 Ecofin Has there been any direct impact of the virus on any of Ecofin’s collateral holdings? We have gone to extreme lengths in a short period of time and have contacted every borrower on our PANDEMIC PREPAREDNESS Ecofin's energy transition capabilities focus on secular growth opportunities related to changes in the way energy is produced and consumed. The sectors exposed to the energy transition include utilities, technology, cleantech, industrials, mobility, specialty chemicals and waste. ABOUT TORTOISEECOFIN About. About TortoiseEcofin. TortoiseEcofin focuses on essential assets – those assets and services that are indispensable to the economy and society. We strive to make a positive impact on clients and communities by investing in energy infrastructure and the transition to cleaner energy and by providing capital for social

impact projects

DIVERSITY & INCLUSION Diversity & Inclusion. Seeking inclusive thinking and soliciting honest views through healthy debate is a vital part of our culture at Tortoise. These dynamic leaders ensure our diverse voices are heard and that the broader concerns of our investment community are represented. H. Kevin Birzer, CFA. Chief Executive Officer. TortoiseEcofin. About.

TEAL ENERGY℠ DEAL

Energy is an essential asset, therefore global energy demand growth has been consistent and highly correlated with population growth. Typically, energy demand is comprised of power generation, transportation, residential, commercial and industrial sectors. TORTOISE INDEX SOLUTIONS ANNOUNCES SPECIAL REBALANCE DUE Ecofin's energy transition capabilities focus on secular growth opportunities related to changes in the way energy is produced and consumed. The sectors exposed to the energy transition include utilities, technology, cleantech, industrials, mobility, specialty chemicals and waste. TIMELY THEMATIC TOPIC: 10 REASONS ENERGY SHOULD BE PART OF 02 Tortoise www.Tortoisecofin.com At Tortoise, we think the energy sector warrants a portfolio allocation. Here are 10 reasons why: 1. The essential nature of the sector, the correlation to GDP, and the relative valuation to other sectors in TORTOISE CREDIT STRATEGIES COMPLETES MANAGEMENT BUY-OUT OF Tortoise Credit Strategies, LLC, part of the Tortoise Investments family, recently acquired Bradford & Marzec, LLC along with key Bradford & Marzec employees through a Tortoise-supported management buy-out. Bradford & Marzec, a specialized fixed income boutique, was founded in 1984 and has a 32-year track record in fixed income

investing.

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Energy & Power Infrastructure Tortoise focuses on energy infrastructure and the transition to cleaner energy with a track record that dates back more than 20 years.

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* Separately Managed Accounts

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* Exchange Traded Products Accessing the Energy Evolution The world is embarking on a significant energy transition Accessing the Energy Evolution Sustainable Infrastructure Ecofin's sustainable infrastructure capabilities provide globally diversified exposure to the equity securities of growth-oriented economic infrastructure businesses that deliver increasing cash flows.

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* Ecofin Global Utilities and Infrastructure Trust plc (EGL) * U.S. Renewables Infrastructure Trust plc (RNEW)

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* Exchange-Traded Products Investing in the global energy evolution Portfolio manager Jean-Hugues de Lamaze discusses the transformation of utilities worldwide to de-carbonize the power generation mix, utility companies de-risking their business models as the power generation mix shifts, and attractive characteristics of renewable

energy source

Listen to the Podcast

Energy Transition

Ecofin's energy transition capabilities focus on secular growth opportunities related to changes in the way energy is produced and consumed. The sectors exposed to the energy transition include utilities, technology, cleantech, industrials, mobility, specialty chemicals and waste.

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* UCITS

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How utilities in transition are transforming the electric power sector

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Water & Environment

Ecofin's water and environment capabilities seeks to invest in companies across the globe and throughout the water value chain that we believe are in a position to benefit from the pursuit of solving the water supply/demand imbalance.

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* Separately Managed Accounts

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* Exchange-Traded Product Water: A Wave of Opportunity

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Social Impact

Ecofin's social impact capabilities provide essential services to communities, including educational services, healthcare services and

housing services

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* Interval Fund

* Separately Managed Accounts

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Multi-Strategy

TortoiseEcofin's multi-strategy approach seeks segments where the capital supply/demand imbalance creates a market dislocation, giving TortoiseEcofin the opportunity to be a strategic provider of capital.

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* Closed-End Funds

What are essential assets? Changing demographics and trends are driving the need for capital across the essential assets universe. What are essential assets?

Indices

TortoiseEcofin’s actively researched indices fill a void in the essential asset universe and provide a platform for passively managed exchange-traded products.

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Available Indices:

* Tortoise MLP Index (TMLP) * Tortoise North American Pipeline Index (TNAP) * Ecofin Global Water ESG Index (EGWESG) * Ecofin Global Digital Payments Infrastructure Index (TPMT) Indexing Midstream Energy With more than $20 billion in passively managed assets, we feel that it is time to review the indicies that track the sector to make sure that they still accurately represent today’s midstream investing

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Podcasts

Providing timely updates on trending topics in the market. TortoiseEcofin in the News

Commentary

Energy Evolution

The fastest and least expensive way to reduce global carbon emissions with growing global energy ...

Commentary Energy

Tortoise Talk 1Q2021

Podcasts

Ecofin Podcast: Innovating the water sector with digital water

solutions

Podcasts

Ecofin Podcast: Innovating the water sector with digital water

solutions

Podcasts

Energy Podcast: Energy companies continue to embrace the energy

transition

Podcasts

Energy Podcast: Energy remains resilient despite rising inflation

News Energy

Senior Portfolio Manager Rob Thummel gives a shareholder perspective on the Brookfield-Pembina battle for Inter Pipeline in an interview

with BNN Bloomberg

News Energy

Senior Portfolio Manager Brian Kessens discusses the pros and cons of the recent crude oil draw with Bloomberg

News Energy

Senior Portfolio Manager Rob Thummel comments on Exxon’s decision to add four new members to its board and what that means for the global energy transition in Barrons

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Sustainability & Impact Sustainability & Impact As a steward of our clients' capital, we strive to optimize investor returns, while maximizing the measurable impact of their investments, with accountability, transparency and integrity.

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About TortoiseEcofin TortoiseEcofin focuses on essential assets – those assets and services that are indispensable to the economy and society. TortoiseEcofin brings together strong legacies from Tortoise, with expertise investing across the energy value chain for more than 20 years, and from Ecofin, which unites ecology and finance and has roots back to the early 1990s.

Learn More

About Ecofin

Ecofin is a sustainable investment firm dedicated to uniting ecology and finance. Our mission is to generate strong risk-adjusted returns while optimizing investors’ impact on society. We are socially-minded, ESG-attentive investors, harnessing years of expertise investing in sustainable infrastructure, energy transition, clean water & environment and social impact.

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Our strategies are accessible through a variety of investment solutions and seek to achieve positive impacts that align with UN Sustainable Development Goals by addressing pressing global issues surrounding climate action, clean energy and water, education, healthcare and sustainable communities.

Our People

We know that our most essential assets are our people. Our team-oriented culture creates a challenging and rewarding environment for our employees to thrive. We encourage our team to make a difference both professionally and personally.

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TORTOISEECOFIN FOCUSES ON ESSENTIAL ASSETS – THOSE ASSETS AND SERVICES THAT ARE INDISPENSABLE TO THE ECONOMY AND SOCIETY. TortoiseEcofin brings together strong legacies from Tortoise, with expertise investing across the energy value chain for more than 20 years, and from Ecofin, which unites ecology and finance and has roots back to the early 1990s. Search Products Learn More

Commentary

2/04/2021

A LETTER FROM TORTOISEECOFIN’S CEO KEVIN BIRZER Commentary Sustainable Infrastructure

2/25/2021

THE SUSTAINABILITY REVOLUTION: WHAT INVESTORS SHOULD KNOW

World Water Day

3/22/2021

ECOFIN'S VIEWS ON THE WATER CRISIS

Commentary

2/04/2021

A LETTER FROM TORTOISEECOFIN’S CEO KEVIN BIRZER Commentary Sustainable Infrastructure

2/25/2021

THE SUSTAINABILITY REVOLUTION: WHAT INVESTORS SHOULD KNOW

World Water Day

3/22/2021

ECOFIN'S VIEWS ON THE WATER CRISIS

Commentary

2/04/2021

A LETTER FROM TORTOISEECOFIN’S CEO KEVIN BIRZER

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TORTOISEECOFIN EXPERTISE We offer a variety of investment vehicles to provide clients the most efficient access to our strategies.

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Social Impact

Water & Environment

Multi Strategy

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Energy & Power Infrastructure Sustainable Infrastructure

Energy Transition

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Multi Strategy

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Energy & Power Infrastructure Sustainable Infrastructure

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Multi Strategy

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TortoiseEcofin

We strive to make a positive impact on clients and communities by investing in energy infrastructure and the transition to cleaner energy and by providing capital for social impact projects focused on education and seniors housing. Energy & Power Infrastructure TortoiseEcofin’s energy investing expertise across the energy value chain, including infrastructure and MLPs, dates back more than 15

years. Learn More

Available Through:

* Separately Managed Accounts

* Closed-End Funds

* Open-End Funds

* Private Funds

* Exchange Traded Products Sustainable Infrastructure Ecofin's sustainable infrastructure capabilities provide globally diversified exposure to the equity securities of growth-oriented economic infrastructure businesses that deliver increasing cash flows.

Learn More

Energy Transition

Ecofin's energy transition capabilities focus on secular growth opportunities related to changes in the way energy is produced and consumed. The sectors exposed to the energy transition include utilities, technology, cleantech, industrials, mobility, specialty chemicals and waste. Learn More

Social Impact

Ecofin's social impact capabilities provide capital for social infrastructure projects related to private nonprofits, 501(c)(3) organizations, public nonprofits and other entities authorized to issue private activity and tax-exempt municipal bonds focused on education, healthcare, housing, industrial infrastructure, human service providers and social services, where there is currently a capital dislocation. Learn More

Water & Environment

Ecofin's water and environment capabilities seeks to invest in companies across the globe and throughout the water value chain that we believe are in a position to benefit from the pursuit of solving the water supply/demand imbalance. Learn More

Multi Strategy

TortoiseEcofin's multi-strategy approach seeks segments where the capital supply/demand imbalance creates a market dislocation, giving Tortoise the opportunity to be a strategic provider of capital. Learn

More

Available Through:

* Closed-End Funds

Indices

TortoiseEcofin’s actively researched indices fill a void in the essential asset universe and provide a platform for passively managed exchange-traded products. Learn More

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TORTOISEECOFIN EXPERTISE We offer a variety of investment vehicles to provide clients the most efficient access to our strategies.

Learn More

TortoiseEcofin

We strive to make a positive impact on clients and communities by investing in energy infrastructure and the transition to cleaner energy and by providing capital for social impact projects focused on education and seniors housing. Energy & Power Infrastructure TortoiseEcofin’s energy investing expertise across the energy value chain, including infrastructure and MLPs, dates back more than 15 years. Learn More...

Available Through:

* Separately Managed Accounts

* Closed-End Funds

* Open-End Funds

* Private Funds

* Exchange Traded Products Sustainable Infrastructure Ecofin's sustainable infrastructure capabilities provide globally diversified exposure to the equity securities of growth-oriented economic infrastructure businesses that deliver increasing cash flows.

Learn More...

Energy Transition

Ecofin's energy transition capabilities focus on secular growth opportunities related to changes in the way energy is produced and consumed. The sectors exposed to the energy transition include utilities, technology, cleantech, industrials, mobility, specialty chemicals and waste. Learn More...

Social Impact

Ecofin's social impact capabilities provide capital for social infrastructure projects related to private nonprofits, 501(c)(3) organizations, public nonprofits and other entities authorized to issue private activity and tax-exempt municipal bonds focused on education, healthcare, housing, industrial infrastructure, human service providers and social services, where there is currently a capital dislocation. Learn More...

Water & Environment

Ecofin's water and environment capabilities seeks to invest in companies across the globe and throughout the water value chain that we believe are in a position to benefit from the pursuit of solving the water supply/demand imbalance. Learn More...

Multi Strategy

TortoiseEcofin's multi-strategy approach seeks segments where the capital supply/demand imbalance creates a market dislocation, giving Tortoise the opportunity to be a strategic provider of capital. Learn

More...

Available Through:

* Closed-End Funds

Indices

TortoiseEcofin’s actively researched indices fill a void in the essential asset universe and provide a platform for passively managed exchange-traded products. Learn More...

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ENERGY PODCAST: ENERGY MARKETS CONTINUE TO SOAR AS ECONOMY BOOMS

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Commentary Energy Transition ECOFIN EDITORIAL: CARBON, TRADE AND ENERGY INDEPENDENCE How to consider carbon, trade and energy independence in the context of energy transition and ESG...

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ENERGY PODCAST: ENERGY CONTINUES TO SURGE AS EARNINGS SEASON WRAPS UP

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ECOFIN PODCAST: INNOVATING THE WATER SECTOR WITH DIGITAL WATER

SOLUTIONS

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ENERGY PODCAST: ENERGY COMPANIES CONTINUE TO EMBRACE THE ENERGY

TRANSITION

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IN FOCUS - ARE THE STARS ALIGNING FOR MIDSTREAM INVESTORS?

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ENERGY PODCAST: ENERGY REMAINS RESILIENT DESPITE RISING INFLATION

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Commentary Energy

TIMELY THEMATIC TOPIC: ARE THE STARS ALIGNING FOR MIDSTREAM INVESTORS?

WE THINK SO!

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ECOFIN PODCAST: RENEWABLES RECORD GROWTH

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Commentary Social Impact CHARTER SCHOOLS - INVESTING IN INNOVATIVE EDUCATION

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ENERGY PODCAST: ENERGY MARKETS CONTINUE TO SOAR AS ECONOMY BOOMS

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Commentary Energy Transition ECOFIN EDITORIAL: CARBON, TRADE AND ENERGY INDEPENDENCE How to consider carbon, trade and energy independence in the context of energy transition and ESG...

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Podcasts

ENERGY PODCAST: ENERGY CONTINUES TO SURGE AS EARNINGS SEASON WRAPS UP

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Podcasts

ECOFIN PODCAST: INNOVATING THE WATER SECTOR WITH DIGITAL WATER

SOLUTIONS

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Podcasts

ENERGY PODCAST: ENERGY COMPANIES CONTINUE TO EMBRACE THE ENERGY

TRANSITION

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Video Energy

IN FOCUS - ARE THE STARS ALIGNING FOR MIDSTREAM INVESTORS?

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Podcasts

ENERGY PODCAST: ENERGY REMAINS RESILIENT DESPITE RISING INFLATION

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Commentary Energy

TIMELY THEMATIC TOPIC: ARE THE STARS ALIGNING FOR MIDSTREAM INVESTORS?

WE THINK SO!

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Podcasts

ECOFIN PODCAST: RENEWABLES RECORD GROWTH

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Commentary Social Impact CHARTER SCHOOLS - INVESTING IN INNOVATIVE EDUCATION

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Podcasts

ENERGY PODCAST: ENERGY MARKETS CONTINUE TO SOAR AS ECONOMY BOOMS

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Commentary Energy Transition ECOFIN EDITORIAL: CARBON, TRADE AND ENERGY INDEPENDENCE How to consider carbon, trade and energy independence in the context of energy transition and ESG...

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ENERGY PODCAST: ENERGY CONTINUES TO SURGE AS EARNINGS SEASON WRAPS UP

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WE ARE DEEPLY COMMITTED TO EXCEPTIONAL SERVICE We know that our most essential assets are our people. Our team-oriented culture creates a challenging and rewarding environment for our employees to thrive. We encourage our team to make a difference both professionally and personally. Meet the Team Contact Us

2002

Founded

130

Employees

5

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BRENT NEWCOMB

President - Ecofin

H. KEVIN BIRZER, CFA Chief Executive Officer

GARY P. HENSON, CFA

President - TortoiseEcofin MICHELLE KELLY JOHNSTON, CFA® Chief Financial Officer, Chief Operating Officer and Senior Managing

Director

MATTHEW SALLEE, CFA

President - Tortoise

BRENT NEWCOMB

President - Ecofin

H. KEVIN BIRZER, CFA Chief Executive Officer

GARY P. HENSON, CFA

President - TortoiseEcofin MICHELLE KELLY JOHNSTON, CFA® Chief Financial Officer, Chief Operating Officer and Senior Managing

Director

MATTHEW SALLEE, CFA

President - Tortoise

BRENT NEWCOMB

President - Ecofin Next

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This material should not be relied upon as investment, tax or legal advice, does not constitute a recommendation to buy or sell a security or other investment and is not intended to predict or depict performance of any investment. Investors must consult their tax advisor or legal counsel for advice and information concerning their particular situation. TortoiseEcofin's family of advisers includes TCA Advisors, TIS Advisors, Ecofin Advisors, LLC and Ecofin Advisors Limited. Copyright © 2021 TortoiseEcofin. All Rights Reserved.

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