Client Aristides Capital Issues Public Letter to Tortoise Energy Independence Fund Opposing Proposed Merger with Tortoise Pipeline & Energy Fund

Yahoo!Finance and other media outlets reported that Aristides Capital LLC., which together with its affiliates beneficially owns 304,131 shares of the outstanding common stock of Tortoise Energy Independence Fund, Inc. (NYSE: NDP), issued a public letter to NDP’s shareholders outlining its concerns regarding the proposed merger with Tortoise Pipeline & Energy Fund, Inc. (NYSE: TTP) and announcing that it would be voting against the proposed merger. Ian Engoron represented Aristides Capital in the NDP matter.