Feb 15, 2012 - LEAWOOD, Kan.--(BUSINESS WIRE)-- Tortoise Pipeline & Energy Fund, Inc. (NYSE: TTP) today announced that members of Tortoise Capital Advisors and Montage Investments teams will ring the opening bell at the New York Stock Exchange on Friday, Feb. 17, 2012, in celebration of TTP's initial public offering.

TTP focuses particularly on North American pipeline companies that transport natural gas, natural gas liquids, crude oil and refined products, and to a lesser extent, on other energy infrastructure companies. As a flow-through regulated investment company, TTP may purchase securities of traditional pipeline corporations along with master limited partnerships. The fund's investment objective is to provide its stockholders a high level of total return, with an emphasis on current distributions.

About Tortoise Pipeline & Energy Fund, Inc.

Tortoise Pipeline & Energy Fund, Inc. (NYSE: TTP) 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. TTP intends to focus primarily in pipeline companies that engage in the business of transporting natural gas, natural gas liquids, crude oil and refined products and to a lesser extent, on other energy infrastructure companies.

About Tortoise Capital Advisors, L.L.C.

Tortoise Capital Advisors, L.L.C. is an investment manager specializing in listed energy infrastructure investments. As of Jan. 31, 2012, the adviser had approximately $7.8 billion of assets under management in NYSE-listed closed-end investment companies, an open-end fund and other accounts. For more information, visit www.tortoiseadvisors.com.

About Montage Investments

Montage Investments, an affiliate of Tortoise, brings together a unique group of institutional investment managers — each offering a distinct approach to money management that reflects many decades of professional experience and proprietary investment strategies across global asset classes. Currently managing more than $10 billion, the firm's organizational approach is to allow individual investment managers to retain boutique processes, talent and culture that have proven records of adding value to portfolios and meeting client objectives. For more information, visit www.montageinvestments.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.

Tortoise Capital Advisors, L.L.C.
Pam Kearney, 866-362-9331
Investor Relations
pkearney@tortoiseadvisors.com

Source: Tortoise Pipeline & Energy Fund, Inc.