Tax Information

(NYSE: TPZ) Tortoise Power & Energy Infrastructure Fund, Inc.

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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.

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
12/21/2010 12/23/2010 12/31/2010 $0.125 $0.125000 $0.00 $0.000000 $0.000000
11/18/2010 11/22/2010 11/30/2010 $0.125 $0.108938 $0.00 $0.007668 $0.008394
10/20/2010 10/22/2010 10/29/2010 $0.125 $0.108938 $0.00 $0.007668 $0.008394
09/21/2010 09/23/2010 09/30/2010 $0.125 $0.108938 $0.00 $0.007668 $0.008394
08/19/2010 08/23/2010 08/31/2010 $0.125 $0.108938 $0.00 $0.007668 $0.008394
07/20/2010 07/22/2010 07/30/2010 $0.125 $0.108938 $0.00 $0.007668 $0.008394
06/18/2010 06/22/2010 06/30/2010 $0.125 $0.108938 $0.00 $0.007668 $0.008394
05/18/2010 05/20/2010 05/28/2010 $0.125 $0.108938 $0.00 $0.007668 $0.008394
04/20/2010 04/22/2010 04/30/2010 $0.125 $0.108938 $0.00 $0.007668 $0.008394
03/18/2010 03/22/2010 03/31/2010 $0.125 $0.108938 $0.00 $0.007668 $0.008394
02/16/2010 02/18/2010 02/26/2010 $0.125 $0.108938 $0.00 $0.007668 $0.008394
01/20/2010 01/22/2010 01/29/2010 $0.125 $0.108938 $0.00 $0.007668 $0.008394
Total 2010 Distributions: $1.500 $1.323318 $0.00 $0.084348 $0.092334

 

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

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.

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 adviser for more information. Further, you may not rely upon any information herein for the purpose of avoiding any penalties that may be imposed under the Internal Revenue Code.