Tortoise Credit Strategies, LLC, part of the Tortoise Investments family, today announced the launch of its first mutual fund. The Tortoise Select Income Bond Fund (TBNIX, TBNTX) is designed to seek a high level of total return with an emphasis on current income.

The fund, structured as a 1940 Act regulated investment company, is designed after the firm’s flagship core plus bond strategy, for which the track record dates to the 1980s.

“We’re pleased to meet investors’ needs for access to Tortoise’s core plus strategy through a mutual fund,” said Tortoise Senior Managing Director, Michelle Kelly. “This is an important step toward expanding the opportunity for investors to invest with Tortoise Credit.”

“The Tortoise Select Income Bond Fund is constructed to capture investment opportunities by understanding the stages of the business cycle and tactically allocating to sectors,” said Tortoise Credit Strategies’ Chief Executive Officer and Chief Investment Officer, Brad Beman. “We believe that our seasoned investment team, along with a proven investment process will provide long-term opportunities for investors.”

The fund’s benchmark is the Bloomberg Barclays U.S. Aggregate Index. The investment objective of the fund is to achieve a high level of total return with an emphasis on current income through sector and industry rotation along with security selection. The fund offers institutional and investor share classes with minimum investments of $1 million and $2,500, respectively.

About Tortoise Credit Strategies

Tortoise Credit Strategies is a registered investment adviser focused on fixed income strategies. The team’s investment philosophy is deeply rooted in an investment decision process refined over many economic and financial cycles, which emphasizes top-down macro views, business fundamentals, bottom-up credit analysis as well as a disciplined focus on managing risk. As of Nov. 30, 2016, Tortoise Credit Strategies had approximately $4.1 billion of assets under management. For more information, visit www.tortoisecredit.com.

About Tortoise Investments

Through its family of companies including Tortoise Capital Advisors, Tortoise Index Solutions and Tortoise Credit Strategies, Tortoise Investments provides investors access to differentiated active and passive investment solutions and market insights. Tortoise’s business is rooted in more than a decade of leadership and expertise in both income and equity investing in energy and essential assets. Over time, Tortoise has enhanced and expanded its innovative product offerings, while staying true to its quality approach and focus. Tortoise Investments, through its family of registered investment advisers, had $19.8 billion assets under advisement as of Nov. 30, 2016. For more information, visit www.tortoiseinvest.com.

Safe harbor statement

This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.

Forward-looking statement

This press release contains certain statements that may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although the Fund and Tortoise Credit Strategies believe the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Fund's reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, the Fund and Tortoise Credit Strategies do not assume a duty to update any forward-looking statement.

Before investing in the fund, you should carefully consider your own investment goals, the amount of time you are willing to leave your money invested, and the amount of risk you are willing to take. An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the FDIC or any other governmental agency. There can be no assurance that the fund will achieve its investment objective. Remember, in addition to possibly not achieving your investment goals, you could lose all or a portion of your investment in the fund over short or even long periods of time.

The fund’s investment objective, risks, charges and expenses must be considered carefully before investing. The summary and statutory prospectus contains this and other important information about the fund and may be obtained by calling 855-822-3863 or visiting www.tortoisecredit.com. Read it carefully before investing.

Diversification does not assure a profit nor protect against loss in a declining market.

Mutual fund investing involves risk. Principal loss is possible. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. In addition to the normal risks associated with investing, bonds and bank loans, and the funds that invest in them are subject to interest rate risk and can be expected to decline in value as interest rates rise. Investments in asset-backed and mortgage-backed securities include additional risks that investors should be aware of such as credit risk, prepayment risk, possible illiquidity and default, as well as increased susceptibility to adverse economic developments. Derivatives involve special risks including correlation, counterparty, liquidity, operational, accounting and tax risks. These risks, in certain cases, may be greater than the risks presented by more traditional investments. The fund invests in foreign securities, which involve greater volatility and political, economic and currency risks and differences in accounting methods. These risks are greater in emerging markets. Investment by the fund in lower-rated and non-rated securities presents a greater risk of loss to principal and interest than higher-rated securities. The fund may use leverage, which may exaggerate the effect of any increase or decrease in the value of portfolio securities or the Net Asset Value of the fund, and money borrowed will be subject to interest costs.

The Bloomberg Barclays U.S. Aggregate Bond Index measures the investment-grade, U.S. dollar-denominated, fixed-rate taxable bond market. The index includes Treasuries, government-related and corporate securities, MBS (agency fixed-rate and hybrid adjustable rate mortgage pass-through securities), CMBS (agency and non-agency) and ABS. It is not possible to invest directly in an index.

Nothing contained on this communication constitutes tax, legal or investment advice. Investors must consult their tax advisor or legal counsel for advice and information concerning their particular situation.

Quasar Distributors, LLC, Distributor

• NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE