Tortoise Index Solutions Announces Index Updates for Fourth Quarter 2016

Tortoise Index Solutions today announced upcoming additions and
deletions to its indices as part of its regular quarterly rebalancing
for the fourth quarter of 2016. Following the close of trading on Dec.
16, 2016, the indices will be rebalanced and as a result, the following
changes will become effective.

The full constituent list can be viewed at www.tortoiseindexsolutions.com/tmlp/constituents.

The full constituent list can be viewed at www.tortoiseindexsolutions.com/tnap/constituents.

The full constituent list can be viewed at www.tortoiseindexsolutions.com/tnep/constituents.

The full constituent list can be viewed at http://tortoiseindexsolutions.com/tblue/constituents.

About Tortoise Index Solutions

Tortoise Index Solutions, LLC provides research-driven indices that can
be used as a realistic basis for exchange-traded products and thought
leadership in the universe of essential assets. Its indices are intended
to fill a void in the market and provide benchmarks and investible asset
class universes for use by investment professionals, research analysts
and industry executives to analyze relative performance, as well as to
provide a basis for passively managed exchange-traded products. Tortoise
Index Solutions, LLC is affiliated with Tortoise Capital Advisors,
L.L.C., a registered investment manager specializing in actively managed
listed energy investing. As of Nov. 30, 2016, Tortoise Capital Advisors
had approximately $15.5 billion of assets under management in listed
closed-end funds, mutual funds, private funds, and separate accounts.
For more information about Tortoise Index Solutions, LLC visit www.tortoiseindexsolutions.com.
For more information about Tortoise Capital Advisors, L.L.C., visit www.tortoiseadvisors.com.

About Tortoise MLP Index^®

The Tortoise MLP Index is a float-adjusted, capitalization weighted
index of energy master limited partnerships (MLPs). The index is
comprised of publicly traded companies organized in the form of limited
partnerships or limited liability companies engaged in transportation,
production, processing and/or storage of energy commodities.

About Tortoise North American Pipeline Index^SM

The Tortoise North American Pipeline Index is a float-adjusted,
capitalization weighted index of pipeline companies that are organized
and have their principal place of business in the United States or
Canada. A pipeline company is defined as a company that either 1) has
been assigned a standard industrial classification (“SIC”) system code
that indicates the company operates in the energy pipeline industry or
2) has at least 50% of its assets, cash flow or revenue associated with
the operation or ownership of energy pipelines. Pipeline companies
engage in the business of transporting natural gas, crude oil and
refined products, storing, gathering and processing such gas, oil and
products and local gas distribution. The index includes pipeline
companies structured as corporations, limited liability companies and
master limited partnerships (MLPs).

About Tortoise North American Oil & Gas Producers Index^SM

The Tortoise North American Oil & Gas Producers Index is
a float-adjusted, capitalization weighted index of North American energy
companies primarily engaged in the production of crude oil, condensate,
natural gas or natural gas liquids (NGLs). The index includes
exploration and production companies structured as corporations, limited
liability companies, and master limited partnerships, but excludes
United States royalty trusts.

About Tortoise North American Water Index^SM

The Tortoise North American Water Index^SM is a
float-adjusted, modified market capitalization-weighted index comprised
of companies that are materially engaged in the water infrastructure or
water management industries. Water infrastructure companies’ principal
business is providing public water distribution or supporting water
distribution infrastructure via equipment or engineering and
construction. Water management companies’ primary business is providing
technologies or products that manage or facilitate water distribution
and usage, including the fields of water efficiency, water treatment and
irrigation.

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.

The indices are the exclusive property of Tortoise Index Solutions, LLC,
which has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones
Indices LLC) to calculate and maintain the Tortoise MLP Index^®,
Tortoise North American Pipeline Index^SM, Tortoise North
American Oil and Gas Producers Index^SM and Tortoise North
American Water Index^SM (the “Indices”). The Indices are not
sponsored by S&P Dow Jones Indices or its affiliates or its third party
licensors (collectively, “S&P Dow Jones Indices”). S&P Dow Jones Indices
will not be liable for any errors or omission in calculating the
Indices. “Calculated by S&P Dow Jones Indices” and its related stylized
mark(s) are service marks of S&P Dow Jones Indices and have been
licensed for use by Tortoise Index Solutions, LLC and its affiliates.
S&P® is a registered trademark of Standard & Poor’s Financial Services
LLC (“SPFS”), and Dow Jones® is a registered trademark of Dow Jones
Trademark Holdings LLC (“Dow Jones”).

No portion of this publication may be reproduced in any format or by any
means including electronically or mechanically, by photocopying, or by
any other form or manner whatsoever, without the prior written consent
of Tortoise Index Solutions, LLC.

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