Tax Information

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

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Annual 1099-DIV

2017 Common Stock Tax Information

TTP 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 0% was treated as ordinary income (Box 1a less Box 1b), 16.55% as qualified dividend income (Box 1b), 2.05% as capital gain (Box 2a) and 81.40% as a return of capital (Box 3). The per share characterization is reflected in the sample Form 1099-DIV below.

Ex-Div Date Record Date Payment
Date
Total
Distributions
Per Share
Total
Ordinary Dividends
Box 1a
Qualified
Dividends
Box 1b
Capital Gain
Distributions
Box 2a
Nondividend
Distributions
Box 3
11/21/2017 11/22/2017 11/30/2017 $0.4075 $0.0674 $0.0674 $0.0083 $0.3318
08/22/2017 08/24/2017 08/31/2017 $0.4075 $0.0674 $0.0674 $0.0083 $0.3318
05/22/2017 05/24/2017 05/31/2017 $0.4075 $0.0674 $0.0674 $0.0083 $0.3318
02/16/2017 02/21/2017 02/28/2017 $0.4075 $0.0674 $0.0674 $0.0083 $0.3318
Total 2017 Distributions: $1.6300 $0.2696 $0.2696 $0.0332 $1.3272

 

Box 1a: Ordinary dividends are taxed at ordinary income tax rates.
Box 1b: Qualified dividends are taxed at capital gain tax rates if the stockholder meets holding period requirements.
Box 2a: Capital gain distributions (long-term) are taxed at capital gain tax rates.
Box 3: Nondividend distributions are nontaxable and considered return of capital.

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 satisy 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 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.