Effective as of the close of business on December 20, 2024, Tortoise Power and Energy Infrastructure (TPZ), Tortoise Energy Independence Fund, Inc. (NDP) and Tortoise Pipeline & Energy Fund, Inc. (TTP) – formerly closed-end funds – have successfully merged to form a new actively managed product: Tortoise Power and Energy Infrastructure Fund (TPZ).

Distributions Literature Tax Information

TPZ Distribution Summary

See complete history
Declared Record Date Payment Date Amount Market Price NAV DRIP 1
11/04/2024 11/22/2024 11/29/2024 $0.1050 $20.8200 $21.2900 $20.5388
10/10/2024 10/24/2024 10/31/2024 $0.1050 $18.6600 $19.1600 $18.7571
9/10/2024 9/23/2024 9/30/2024 $0.1050 $18.1100 $18.7100 $18.2575
8/08/2024 8/23/2024 8/30/2024 $0.1050 $18.3500 $18.7500 $18.0420
7/10/2024 7/24/2024 7/31/2024 $0.1050 $16.4900 $18.4300 $16.4664
6/07/2024 6/21/2024 6/28/2024 $0.1050 $15.7900 $18.1200 $15.7621
5/08/2024 5/24/2024 5/31/2024 $0.1050 $15.4500 $17.7500 $15.4465
4/10/2024 4/23/2024 4/30/2024 $0.1050 $15.0200 $17.4400 $15.0917
3/08/2024 3/22/2024 3/29/2024 $0.1050 $15.5900 $17.6800 $15.6614
2/07/2024 2/22/2024 2/29/2024 $0.1050 $14.5600 $16.8700 $14.7267
1/10/2024 1/24/2024 1/31/2024 $0.1050 $14.1300 $16.4500 $14.1812
12/11/2023 12/22/2023 12/29/2023 $0.1050 $14.0100 $16.3300 $14.1724
Fiscal Year 2024 Total: $1.2600
Fiscal Year 2024 Total: $1.2600

  1. Price of shares issued pursuant to company-sponsored dividend reimbursement plan. Amounts are rounded to the nearest whole cent.

Tortoise Power and Energy Infrastructure Fund, Inc. (TPZ), with approval of its Board of Directors (the Board), has adopted a distribution policy (the Policy) with the purpose of distributing over the course of each year, through periodic distributions as nearly equal as practicable and any required special distributions, an amount closely approximating the total taxable income of TPZ during such year and, if so determined by the Board, all or a portion of the return of capital paid by portfolio companies to TPZ during such year. In accordance with its Policy, TPZ distributes a fixed amount per common share, currently $0.105, each month to its common shareholders. This amount is subject to change from time to time at the discretion of the Board. Although the level of distributions is independent of TPZ's performance, TPZ expects such distributions to correlate with its performance over time. Each monthly distribution to shareholders is expected to be at the fixed amount established by the Board, except for extraordinary distributions in light of TPZ's performance for the entire calendar year and to enable TPZ to comply with the distribution requirements imposed by the Internal Revenue Code. The Board may amend, suspend or terminate the Policy without prior notice to shareholders if it deems such action to be in the best interests of TPZ and its shareholders. For example, the Board might take such action if the Policy had the effect of shrinking TPZ's assets to a level that was determined to be detrimental to TPZ shareholders. The suspension or termination of the Policy could have the effect of creating a trading discount (if TPZ's stock is trading at or above net asset value), widening an existing trading discount or decreasing an existing premium.

You should not draw any conclusions about TPZ's investment performance from the amount of the distribution or from the terms of TPZ's distribution policy. TPZ estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in TPZ is paid back to you. A return of capital distribution does not necessarily reflect TPZ's investment performance and should not be confused with "yield" or "income." The amounts and sources of distributions reported are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon TPZ's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. TPZ will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

The fund has adopted a managed distribution policy (“MDP”). Annual distribution amounts are expected to fall in the range of 7% to 10% of the average week-ending net asset value (“NAV”) per share for the prior fiscal semi-annual period. Distribution amounts will be reset both up and down to provide a consistent return on trailing NAV. Under the MDP, distribution amounts will normally be reset in February and August, with no changes in distribution amounts in May and November. The fund may designate a portion of its distributions as capital gains and may also distribute additional capital gains in the last quarter of the year to meet annual excise distribution requirements. Distribution amounts are subject to change from time to time at the discretion of the Board.

For more details, see TPZ's complete distribution and tax information here.

Section 19(a) Notifications

Tortoise Power and Energy Infrastructure Fund, Inc. TPZ

Annual Report Semi-Annual Report SEC Filings
Financial Reports Form N-PX
Commentaries 5/07/2020

Closed-End Funds Q&A

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Commentaries 3/11/2020

Closed-End Funds Q&A

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Commentaries 2/15/2019

The Evolution of Closed-End Funds

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Commentaries 5/04/2015

Explanation of closed-end fund distributable cash flow and income taxation

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Request Literature by Mail

Tax Information (NYSE: TPZ) Tortoise Power and Energy Infrastructure Fund, Inc.

Find distributions and other tax-related resources for Tortoise Capital closed-end funds. Tax forms, publications and instructions are available for download from the IRS Web site.

 

Nothing contained herein should be construed as tax advice; consult your tax adviser for more information. Furthermore, you may not rely upon any information herein for the purpose of avoiding any penalties that may be imposed under the Internal Revenue Code.

Annual 1099-DIV

2023 Common Stock Tax Information

Total 2023 Distributions: $1.2600

  1. Box 1a: Ordinary dividends are taxed at ordinary income tax rates.

  2. Box 1b: Qualified dividends are taxed at capital gain tax rates if the stockholder meets holding period requirements.

  3. Box 2a: Capital gain distributions (long-term) are taxed at capital gain tax rates.

  4. Box 3: Nondividend distributions are nontaxable and considered return of capital.

For stockholders who participated in the company sponsored dividend reinvestment plan, the tax basis of shares acquired is the greater of the purchase price or the market close price on the payment date.

Report of Organizational Actions Affecting Basis of Securities

Effective January 1, 2012, issuers of regulated investment company securities must complete Form 8937 to report organizational actions, including nontaxable distributions, that affect the basis of the securities involved in the organizational action. The information contained below is intended to satisfy the requirements of public reporting under section 1.6045B-1(a)(3) and (b)(4) of the Treasury Regulations.

 

 

Nothing contained herein should be construed as tax advice; consult your tax adviser for more information. Furthermore, you may not rely upon any information herein for the purpose of avoiding any penalties that may be imposed under the Internal Revenue Code.

Annual 1099-DIV

2022 Common Stock Tax Information

Total 2022 Distributions: $1.2150

  1. Box 1a: Ordinary dividends are taxed at ordinary income tax rates.

  2. Box 1b: Qualified dividends are taxed at capital gain tax rates if the stockholder meets holding period requirements.

  3. Box 2a: Capital gain distributions (long-term) are taxed at capital gain tax rates.

  4. Box 3: Nondividend distributions are nontaxable and considered return of capital.

For stockholders who participated in the company sponsored dividend reinvestment plan, the tax basis of shares acquired is the greater of the purchase price or the market close price on the payment date.

Report of Organizational Actions Affecting Basis of Securities

Effective January 1, 2012, issuers of regulated investment company securities must complete Form 8937 to report organizational actions, including nontaxable distributions, that affect the basis of the securities involved in the organizational action. The information contained below is intended to satisfy the requirements of public reporting under section 1.6045B-1(a)(3) and (b)(4) of the Treasury Regulations.

 

 

Nothing contained herein should be construed as tax advice; consult your tax adviser for more information. Furthermore, you may not rely upon any information herein for the purpose of avoiding any penalties that may be imposed under the Internal Revenue Code.

Annual 1099-DIV

2021 Common Stock Tax Information

 

Total 2021 Distributions: $0.6500

  1. Box 1a: Ordinary dividends are taxed at ordinary income tax rates.

  2. Box 1b: Qualified dividends are taxed at capital gain tax rates if the stockholder meets holding period requirements.

  3. Box 2a: Capital gain distributions (long-term) are taxed at capital gain tax rates.

  4. Box 3: Nondividend distributions are nontaxable and considered return of capital.

For stockholders who participated in the company sponsored dividend reinvestment plan, the tax basis of shares acquired is the greater of the purchase price or the market close price on the payment date.

Report of Organizational Actions Affecting Basis of Securities

Effective January 1, 2012, issuers of regulated investment company securities must complete Form 8937 to report organizational actions, including nontaxable distributions, that affect the basis of the securities involved in the organizational action. The information contained below is intended to satisfy the requirements of public reporting under section 1.6045B-1(a)(3) and (b)(4) of the Treasury Regulations.

Nothing contained herein should be construed as tax advice; consult your tax adviser for more information. Furthermore, you may not rely upon any information herein for the purpose of avoiding any penalties that may be imposed under the Internal Revenue Code.

Annual 1099-DIV

2020 Common Stock Tax Information

TPZ provides the following tax information to its common stockholders pertaining to the character of distributions paid during 2020. For stockholders who received all distributions in cash during 2020, approximately 44.75% was treated as ordinary income (Box 1a less Box 1b), 8.97% as qualified dividend income (Box 1b), 0.00% as capital gain (Box 2a), and 46.28% treated as return of capital (Box 3). The per share characterization is reflected in the sample Form 1099-DIV below.

 

Total 2020 Distributions: $21.0000

  1. Box 1a: Ordinary dividends are taxed at ordinary income tax rates.

  2. Box 1b: Qualified dividends are taxed at capital gain tax rates if the stockholder meets holding period requirements.

  3. Box 2a: Capital gain distributions (long-term) are taxed at capital gain tax rates.

  4. Box 3: Nondividend distributions are nontaxable and considered return of capital.

For stockholders who participated in the company sponsored dividend reinvestment plan, the tax basis of shares acquired is the greater of the purchase price or the market close price on the payment date.

Report of Organizational Actions Affecting Basis of Securities

Effective January 1, 2012, issuers of regulated investment company securities must complete Form 8937 to report organizational actions, including nontaxable distributions, that affect the basis of the securities involved in the organizational action. The information contained below is intended to satisfy the requirements of public reporting under section 1.6045B-1(a)(3) and (b)(4) of the Treasury Regulations.

Nothing contained herein should be construed as tax advice; consult your tax adviser for more information. Furthermore, you may not rely upon any information herein for the purpose of avoiding any penalties that may be imposed under the Internal Revenue Code.

Annual 1099-DIV

2019 Common Stock Tax Information

TPZ provides the following tax information to its common stockholders pertaining to the character of distributions paid during 2019. For stockholders who received all distributions in cash during 2019, approximately 63.64% was treated as ordinary income (Box 1a less Box 1b), 10.76% as qualified dividend income (Box 1b), 18.91% as capital gain (Box 2a), and 6.69% treated as return of capital (Box 3). The per share characterization is reflected in the sample Form 1099-DIV below.

Total 2019 Distributions: $21.00

  1. Box 1a: Ordinary dividends are taxed at ordinary income tax rates.

  2. Box 1b: Qualified dividends are taxed at capital gain tax rates if the stockholder meets holding period requirements.

  3. Box 2a: Capital gain distributions (long-term) are taxed at capital gain tax rates.

  4. Box 3: Nondividend distributions are nontaxable and considered return of capital.

For stockholders who participated in the company sponsored dividend reinvestment plan, the tax basis of shares acquired is the greater of the purchase price or the market close price on the payment date.

Report of Organizational Actions Affecting Basis of Securities 

Effective January 1, 2012, issuers of regulated investment company securities must complete Form 8937 to report organizational actions, including nontaxable distributions, that affect the basis of the securities involved in the organizational action. The information contained below is intended to satisfy the requirements of public reporting under section 1.6045B-1(a)(3) and (b)(4) of the Treasury Regulations.

Nothing contained herein should be construed as tax advice; consult your tax advisor for more information. Furthermore, you may not rely upon any information herein for the purpose of avoiding any penalties that may be imposed under the Internal Revenue Code.

Annual 1099-DIV

2018 Common Stock Tax Information

TPZ provides the following tax information to its common stockholders pertaining to the character of distributions paid during 2018. For stockholders who received all distributions in cash during 2018, approximately 39.32% was treated as ordinary income (Box 1a less Box 1b), 5.21% as qualified dividend income (Box 1b), and 55.47% as capital gain (Box 2a). The per share characterization is reflected in the sample Form 1099-DIV below.

Total 2018 Distributions: $21.00

  1. Box 1a: Ordinary dividends are taxed at ordinary income tax rates.

  2. Box 1b: Qualified dividends are taxed at capital gain tax rates if the stockholder meets holding period requirements.

  3. Box 2a: Capital gain distributions (long-term) are taxed at capital gain tax rates.

For stockholders who participated in the company sponsored dividend reinvestment plan, the tax basis of shares acquired is the greater of the purchase price or the market close price on the payment date.

Report of Organizational Actions Affecting Basis of Securities 

Effective January 1, 2012, issuers of regulated investment company securities must complete Form 8937 to report organizational actions, including nontaxable distributions, that affect the basis of the securities involved in the organizational action. TPZ had no organizational actions affecting the basis of securities to report during 2018.

Nothing contained herein should be construed as tax advice; consult your tax advisor for more information. Furthermore, you may not rely upon any information herein for the purpose of avoiding any penalties that may be imposed under the Internal Revenue Code.

Annual 1099-DIV

2017 Common Stock Tax Information

TPZ provides the following tax information to its common stockholders pertaining to the character of distributions paid during 2017. For stockholders who received all distributions in cash during 2017, approximately 56.46% was treated as ordinary income (Box 1a less Box 1b), 12.83% as qualified dividend income (Box 1b), 24.16% as capital gain (Box 2a) and 6.55% as a return of capital (Box 3). The per share characterization is reflected in the sample Form 1099-DIV below.

Total 2017 Distributions: $21.00

  1. Box 1a: Ordinary dividends are taxed at ordinary income tax rates.

  2. Box 1b: Qualified dividends are taxed at capital gain tax rates if the stockholder meets holding period requirements.

  3. Box 3: Nondividend distributions are nontaxable and considered return of capital.

For stockholders who participated in the company sponsored dividend reinvestment plan, the tax basis of shares acquired is the greater of the purchase price or the market close price on the payment date.

Report of Organizational Actions Affecting Basis of Securities 

Effective January 1, 2012, issuers of regulated investment company securities must complete Form 8937 to report organizational actions, including nontaxable distributions, that affect the basis of the securities involved in the organizational action. The information contained below is intended to satisfy the requirements of public reporting under section 1.6045B-1(a)(3) and (b)(4) of the Treasury Regulations.

2017 Form 8937

Nothing contained herein should be construed as tax advice; consult your tax advisor for more information. Furthermore, you may not rely upon any information herein for the purpose of avoiding any penalties that may be imposed under the Internal Revenue Code.

Annual 1099-DIV

2016 Common Stock Tax Information

TPZ provides the following tax information to its common stockholders pertaining to the character of distributions paid during 2016. For stockholders who received all distributions in cash during 2016, approximately 79.28% was treated as ordinary income (Box 1a less Box 1b), 11.26% as qualified dividend income (Box 1b), and 9.46% as capital gain (Box 2a). The per share characterization is reflected in the sample Form 1099-DIV below.

Total 2016 Distributions: $21.00

  1. Box 1a: Ordinary dividends are taxed at ordinary income tax rates.

  2. Box 1b: Qualified dividends are taxed at capital gain tax rates if the stockholder meets holding period requirements.

  3. Box 3: Nondividend distributions are nontaxable and considered return of capital.

For stockholders who participated in the company sponsored dividend reinvestment plan, the tax basis of shares acquired is the greater of the purchase price or the market close price on the payment date.

Report of Organizational Actions Affecting Basis of Securities 

Effective January 1, 2012, issuers of regulated investment company securities must complete Form 8937 to report organizational actions, including nontaxable distributions, that affect the basis of the securities involved in the organizational action. TPZ had no organizational actions affecting the basis of securities to report during 2016.

2017 Form 8937

Nothing contained herein should be construed as tax advice; consult your tax advisor for more information. Furthermore, you may not rely upon any information herein for the purpose of avoiding any penalties that may be imposed under the Internal Revenue Code.

Annual 1099-DIV

2015 Common Stock Tax Information

TPZ provides the following tax information to its common stockholders pertaining to the character of distributions paid during 2015. For stockholders who received all distributions in cash during 2015, approximately 46.83% was treated as ordinary income (Box 1a less Box 1b), 9.79% as qualified dividend income (Box 1b), and 43.38% as capital gain (Box 2a). The per share characterization is reflected in the sample Form 1099-DIV below.

Total 2015 Distributions: $21.00

  1. Box 1a: Ordinary dividends are taxed at ordinary income tax rates.

  2. Box 1b: Qualified dividends are taxed at capital gain tax rates if the stockholder meets holding period requirements.

  3. Box 3: Nondividend distributions are nontaxable and considered return of capital.

For stockholders who participated in the company sponsored dividend reinvestment plan, the tax basis of shares acquired is the greater of the purchase price or the market close price on the payment date.

Report of Organizational Actions Affecting Basis of Securities 

Effective January 1, 2012, issuers of regulated investment company securities must complete Form 8937 to report organizational actions, including nontaxable distributions, that affect the basis of the securities involved in the organizational action. TPZ had no organizational actions affecting the basis of securities to report during 2015.

Nothing contained herein should be construed as tax advice; consult your tax advisor for more information. Furthermore, you may not rely upon any information herein for the purpose of avoiding any penalties that may be imposed under the Internal Revenue Code.

Annual 1099-DIV

2014 Common Stock Tax Information

TPZ provides the following tax information to its common stockholders pertaining to the character of distributions paid during 2014. For stockholders who received all distributions in cash during 2014, approximately 31.43% was treated as ordinary income (Box 1a less Box 1b), 3.86% as qualified dividend income (Box 1b), and 64.71% as capital gain (Box 2a). The per share characterization is reflected in the sample Form 1099-DIV below.

Total 2014 Distributions: $21.00

  1. Box 1a: Ordinary dividends are taxed at ordinary income tax rates.

  2. Box 1b: Qualified dividends are taxed at capital gain tax rates if the stockholder meets holding period requirements.

  3. Box 3: Nondividend distributions are nontaxable and considered return of capital.

For stockholders who participated in the company sponsored dividend reinvestment plan, the tax basis of shares acquired is the greater of the purchase price or the market close price on the payment date.

Report of Organizational Actions Affecting Basis of Securities 

Effective January 1, 2012, issuers of regulated investment company securities must complete Form 8937 to report organizational actions, including nontaxable distributions, that affect the basis of the securities involved in the organizational action. TPZ had no organizational actions affecting the basis of securities to report during 2014.

Nothing contained herein should be construed as tax advice; consult your tax advisor for more information. Furthermore, you may not rely upon any information herein for the purpose of avoiding any penalties that may be imposed under the Internal Revenue Code.

Annual 1099-DIV

2013 Common Stock Tax Information

TPZ provides the following tax information to its common stockholders pertaining to the character of distributions paid during 2013. For stockholders who received all distributions in cash during 2013, approximately 31.97% was treated as ordinary income (Box 1a less Box 1b), 3.97% as qualified dividend income (Box 1b), and 64.06% as capital gain (Box 2a). The per share characterization by month is reflected in the sample Form 1099-DIV below.

Total 2013 Distributions: $21.00

  1. Box 1a: Ordinary dividends are taxed at ordinary income tax rates.

  2. Box 1b: Qualified dividends are taxed at capital gain tax rates if the stockholder meets holding period requirements.

  3. Box 3: Nondividend distributions are nontaxable and considered return of capital.

For stockholders who participated in the company sponsored dividend reinvestment plan, the tax basis of shares acquired is the greater of the purchase price or the market close price on the payment date.

Report of Organizational Actions Affecting Basis of Securities 

Effective January 1, 2012, issuers of regulated investment company securities must complete Form 8937 to report organizational actions, including nontaxable distributions, that affect the basis of the securities involved in the organizational action. TPZ had no organizational actions affecting the basis of securities to report during 2013.

Nothing contained herein should be construed as tax advice; consult your tax advisor for more information. Furthermore, you may not rely upon any information herein for the purpose of avoiding any penalties that may be imposed under the Internal Revenue Code.

Annual 1099-DIV

2012 Common Stock Tax Information

TPZ provides the following tax information to its common stockholders pertaining to the character of distributions paid during 2012. For stockholders who received all distributions in cash during 2012, approximately 58.59% was treated as ordinary income (Box 1a) and 41.41% as capital gain (Box 2a). The per share characterization by month is reflected in the sample Form 1099-DIV below.

Total 2012 Distributions: $21.00

  1. Box 1a: Ordinary dividends are taxed at ordinary income tax rates.

  2. Box 1b: Qualified dividends are taxed at capital gain tax rates if the stockholder meets holding period requirements.

  3. Box 3: Nondividend distributions are nontaxable and considered return of capital.

For stockholders who participated in the company sponsored dividend reinvestment plan, the tax basis of shares acquired is the greater of the purchase price or the market close price on the payment date.

Report of Organizational Actions Affecting Basis of Securities 

Effective January 1, 2012, issuers of regulated investment company securities must complete Form 8937 to report organizational actions, including nontaxable distributions, that affect the basis of the securities involved in the organizational action. The information contained below is intended to satisfy the requirements of public reporting under section 1.6045B-1(a)(3) and (b)(4) of the Treasury Regulations. TPZ had no organizational actions affecting the basis of securities to report during 2012.

Nothing contained herein should be construed as tax advice; consult your tax advisor for more information. Furthermore, you may not rely upon any information herein for the purpose of avoiding any penalties that may be imposed under the Internal Revenue Code.

Annual 1099-DIV

2011 Common Stock Tax Information

TPZ provides the following tax information to its common stockholders pertaining to the character of distributions paid during 2011. For stockholders who received all distributions in cash during 2011, 57.18% was treated as ordinary dividends (Box 1a), 33.93% as capital gain (Box 2a) and 8.89% as a return of capital (Box 3). The per share characterization by month is reflected in the sample Form 1099-DIV below.

Total 2011 Distributions: $21.00

  1. Box 1a: Ordinary dividends are taxed at ordinary income tax rates.

  2. Box 1b: Qualified dividends are taxed at capital gain tax rates if the stockholder meets holding period requirements.

  3. Box 3: Nondividend distributions are nontaxable and considered return of capital.

For stockholders who participated in the company sponsored dividend reinvestment plan, the tax basis of shares acquired is the greater of the purchase price or the market close price on the payment date.

Nothing contained herein should be construed as tax advice; consult your tax advisor for more information. Furthermore, you may not rely upon any information herein for the purpose of avoiding any penalties that may be imposed under the Internal Revenue Code.

Annual 1099-DIV

2010 Common Stock Tax Information

TPZ provides the following tax information to its common stockholders pertaining to the character of distributions paid in 2010. For stockholders who received all distributions in cash during 2010, 6.2% was treated as return of capital (Box 3), 5.6% as capital gains (Box 2a) and 88.2% as ordinary dividends (Box 1a). The per share characterization by month is reflected in the sample Form 1099-DIV below.

Total 2010 Distributions: $21.00

  1. Box 1a: Ordinary dividends are taxed at ordinary income tax rates.

  2. Box 1b: Qualified dividends are taxed at capital gain tax rates if the stockholder meets holding period requirements.

  3. Box 3: Nondividend distributions are nontaxable and considered return of capital.

For stockholders who participated in the company sponsored dividend reinvestment plan, the tax basis of shares acquired is the greater of the purchase price or the market close price on the payment date.

Nothing contained herein should be construed as tax advice; consult your tax advisor for more information. Furthermore, you may not rely upon any information herein for the purpose of avoiding any penalties that may be imposed under the Internal Revenue Code.

Annual 1099-DIV

2009 Common Stock Tax Information

TPZ provides the following tax information to its common stockholders pertaining to the character of distributions paid in 2009. For stockholders who received all distributions in cash during 2009, 56.50% was treated as ordinary dividends (Box1a) and the balance as return of capital (Box 3). The per share characterization by month is reflected in the sample Form 1099-DIV below.

Total 2009 Distributions: $21.00

  1. Box 1a: Ordinary dividends are taxed at ordinary income tax rates.

  2. Box 1b: Qualified dividends are taxed at capital gain tax rates if the stockholder meets holding period requirements.

  3. Box 3: Nondividend distributions are nontaxable and considered return of capital.

For stockholders who participated in the company sponsored dividend reinvestment plan, the tax basis of shares acquired is the greater of the purchase price or the market close price on the payment date.

Nothing contained herein should be construed as tax advice; consult your tax advisor for more information. Furthermore, you may not rely upon any information herein for the purpose of avoiding any penalties that may be imposed under the Internal Revenue Code.

Press Releases

12/23/2024 Company News

Tortoise Capital Completes Merger of Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ), Tortoise Pipeline & Energy Fund, Inc. (NYSE: TTP), and Tortoise Energy Independence Fund, Inc. (NYSE: NDP) and Conversion to Actively Managed ETF

12/05/2024

Tortoise Capital Announces Shareholder Approval of Closed-End Fund Mergers and Conversion to Actively Managed ETF
12/02/2024

Tortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of November 29, 2024, for TYG, NTG, TTP, NDP, TPZ and TEAF
11/29/2024

Tortoise Pipeline & Energy Fund, Inc. and Tortoise Power and Energy Infrastructure Fund, Inc. Provide Section 19(a) Notice
11/04/2024

Tortoise Capital Announces Closed-End Fund Distributions

11/01/2024

Tortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of October 31, 2024, for TYG, NTG, TTP, NDP, TPZ and TEAF
10/31/2024

Tortoise Power and Energy Infrastructure Fund, Inc. Provides Section 19(a) Notice
10/10/2024

Tortoise Power and Energy Infrastructure Fund, Inc. (TPZ) Declares Monthly Distribution

10/01/2024

Tortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of September 30, 2024, for TYG, NTG, TTP, NDP, TPZ and TEAF
9/30/2024

Tortoise Power and Energy Infrastructure Fund, Inc. Provides Section 19(a) Notice
View All Press Releases

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