INVESTMENT OBJECTIVE: The Tortoise Energy Independence Fund, Inc. seeks to provide a high level of total return, with an emphasis on current distributions.

FUND STRATEGY: Under normal circumstances, the Fund will invest at least 80% of the Fund's Total Assets in equity securities of North American energy companies, including at least 70% of the Fund's Total Assets in equity securities of upstream energy companies. Total Assets are defined as the value of securities, cash or other assets held, including securities or assets obtained through leverage, and interest accrued but not yet received. The Fund will invest in equity securities that are publicly traded on an exchange or in the OTC market, primarily consisting of common stock, but also including, among others, MLP and LLC common units. The Adviser’s investment process utilizes fundamental analysis and a comparison of quantitative, qualitative, and relative value factors. Investment decisions are driven by proprietary financial, risk, and valuation models developed and maintained by the Adviser which assist in the evaluation of investment decisions and risk. The Fund will also seek to provide current income from gains earned through covered call strategy.