Tortoise Energy Independence Fund, Inc. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of Sept. 30, 2017

LEAWOOD, Kan.–(BUSINESS WIRE)–Tortoise Energy Independence Fund, Inc. (NYSE: NDP) today announced that
as of Sept. 30, 2017, the company’s unaudited total assets were
approximately $257.3 million and its unaudited net asset value was
$188.4 million, or $12.92 per share.

As of Sept. 30, 2017, the company was in compliance with its asset
coverage ratios under the Investment Company Act of 1940 (the 1940 Act).
The company’s asset coverage ratio under the 1940 Act with respect to
senior securities representing indebtedness was 399 percent. For more
information on calculation of coverage ratios, please refer to the
company’s most recent applicable prospectus.

Set forth below is a summary of the company’s unaudited balance sheet at
Sept. 30, 2017 and a summary of its top 10 holdings.

4th Quarter Conference Call

Tortoise will host its fourth quarter conference call on Oct. 25, 2017
at 3 p.m. Central to discuss the energy sector and provide an update on
the energy value chain and Tortoise’s investment outlook.

Toll Free Dial-In Number: (877) 407-9210
Toll Free Dial-In Number
(International): (201) 689-8049
Replay Number: (877) 481-4010
Replay
ID: 10195 (available through Nov. 25, 2017)

About Tortoise Energy Independence Fund, Inc.

Tortoise Energy Independence Fund, Inc. (NYSE: NDP) is a
non-diversified, closed-end management investment company that seeks to
obtain a high level of total return with an emphasis on current
distributions. NDP invests primarily in North American energy companies
that engage in the exploration and production of crude oil, condensate,
natural gas and natural gas liquids.

About Tortoise Capital Advisors, L.L.C.

Tortoise Capital Advisors, L.L.C., a registered investment adviser
specializing in essential assets investing (the “Adviser”), serves as
our investment adviser. Essential assets are those that are
indispensable and necessary to the functioning of our economy and our
society as a whole, such as education, healthcare, infrastructure and
energy. As of Aug. 31, 2017, the adviser had approximately $15.6 billion
of assets under management in listed closed-end funds, mutual funds,
private funds and separate accounts. For more information, visit www.tortoiseadvisors.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
Capital Advisors 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
Capital Advisors do not assume a duty to update any forward-looking
statement.

Contacts

Tortoise Capital Advisors, L.L.C.
Pam Kearney, 866-362-9331
Investor
and Public Relations
[email protected]