Pipeline & Energy Fund, Inc. (NYSE: TTP)

TTP invests primarily in North American pipeline companies that transport natural gas, natural gas liquids, crude oil and refined products, and to a lesser extent, in other energy infrastructure companies.

TTP is designed to provide:

  • Exposure to North American pipeline companies
  • Investment objective seeks high level of total return, emphasizing current distributions
  • One 1099 (no K-1s)
  • No Unrelated Business Taxable Income (UBTI)
  • IRA and tax-exempt suitability
Fund Data (unaudited) As of 2/28/2018
Total Assets $245.1 million   Leverage (as percent of total assets) 28.5%
Market Price1 $16.41   Shares Outstanding 10.02 million
NAV2 $17.30   Management Fee3 1.10%
IPO Date 10/26/2011   Fiscal Year End November 30
IPO Price $25.00   CUSIP 89148H108
Distribution Frequency Quarterly      
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  2. As of 3/16/2018.

  3. Annual rate applied to the fund's average monthly total assets (including any asset attributable to leverage and the aggregate liquidation preference of outstanding preferred stock) less the sum of accrued liabilities (other than debt entered into for purposes of leverage) ("Managed Assets").