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Tortoise Energy Infrastructure Corporation (NYSE:TYG), a $741.48 million market cap company known for its impressive 10.11% dividend yield, announced the resignation of Rand C. Berney from its board of directors, effective Tuesday. According to InvestingPro data, TYG has maintained dividend payments for 22 consecutive years, demonstrating strong commitment to shareholder returns. The company’s board has appointed Carrie R. Schoffman to succeed Berney as a director, also effective Tuesday. Schoffman will serve as a member and the chair of the Audit and Valuation Committee.
According to a statement based on the company’s SEC filing, Schoffman will also join the board of Tortoise Sustainable and Social Impact Term Fund, which, along with TYG, is advised by Tortoise Capital Advisors, L.L.C.
Schoffman, age 52, has led CPA Concierge Services, LLC, a tax and accounting firm, since 2020. She previously held roles as a tax accountant at Bree Beers & Associates, PC, and served as Chief Compliance Officer, Principal Financial (NASDAQ:PFG) Officer, and Treasurer for ICON Funds from 2004 to 2017. She was also a staff accountant at the Securities and Exchange Commission and worked at PricewaterhouseCoopers LLP. Schoffman has been a Certified Public Accountant since 1997 and is a member of both the Colorado Society of Public Accountants and the American Institute of Certified Public Accountants.
In addition to her new role, Schoffman is currently an independent trustee and chair of the audit committee for Tortoise Capital Series Trust. She also serves as an independent trustee for several other publicly traded investment companies, including 83 Investment Group Income Fund, Beacon Pointe Multi-Alternative Fund, Booster Income Opportunities Fund, and Private Debt & Income Fund.
Schoffman will serve for the remainder of the full term for Class II directors, which is expected to run through the end of the 2027 annual shareholder meeting for both TYG and TEAF. The company stated that she is not a party to any arrangement or understanding regarding her selection and holds no direct or indirect material interest in any transaction requiring disclosure under SEC rules. Investors seeking deeper insights into TYG’s governance structure and additional financial metrics can access over 20 exclusive InvestingPro Tips and comprehensive financial analysis tools.
Schoffman will be compensated in accordance with the 2025 director compensation plan, as described in the company’s proxy statement filed on July 10, 2025. This information is based on a press release statement and the company’s SEC filing.
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