Heronetta Management, L.p.

Heronetta Management, L.P. is an investment advisory firm based in New York, established in December 2007 by Henry R. Breck. The firm specializes in managing assets for high-net-worth individuals, trusts, family offices, and insurance companies, focusing on tax-advantaged income investment strategies in energy-related midstream infrastructure, Master Limited Partnerships (MLPs), and C-Corporations. Heronetta's investment approach involves actively managed portfolios with a focus on yield investments and growth potential. The firm's strategies center around MLPs listed on major U.S. exchanges, emphasizing reliability of distributions, growth rate, current yield, and credit quality. Heronetta's investment discretion allows it to make decisions on behalf of qualified clients, accredited investors, and insurance companies through separately managed accounts and a pooled investment vehicle. The firm charges management fees to the Fund and separately managed accounts, with fees potentially negotiable based on account size and services provided. Heronetta does not charge performance-based fees and does not have any disciplinary information. The firm's investment strategies involve risks related to the energy sector, market fluctuations, and regulatory changes, and clients are advised to be prepared for potential losses. Heronetta's custody of client assets is maintained by a third-party custodian, and the firm has established policies for voting client securities in their best interests. Clients receive regular updates on their accounts and investment performance.