Tax Information

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

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Find distributions and other tax-related resources for Tortoise closed-end funds.
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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.

Past performance is no guarantee of future results. Total return and market value will fluctuate so that shares, when sold, may be worth more or less than their original cost. Performance is for the stated time period only. Due to market volatility, current performance may be lower or higher than the figures shown.

Tortoise Capital Advisors is a registered investment adviser specializing in essential assets investing. Essential assets are those that are indispensable and necessary to the functioning of our economy and our society as a whole, such as education, healthcare, infrastructure and energy. For additional information, please call (866) 362-9331 or email info@tortoiseadvisors.com.

Past performance is no guarantee of future results. This data is provided for information only and is not intended for trading purposes. Closed-end funds, unlike open-end funds, are not continuously offered. After the initial public offering, shares are sold on the open market through a stock exchange. As with any other stock, total return and market value will fluctuate so that an investment, when sold, may be worth more or less than its original cost. Performance is for the stated time period only. Due to market volatility, current performance may be lower or higher than the figures shown. Shares of closed-end funds frequently trade at a market price that is below their net asset value. Leverage creates risks that may adversely affect return, including the likelihood of greater volatility of net asset value and market value.

All investments involve risk, including possible loss of principal. You should consider the investment objective, risks, charges and expenses carefully before investing. For this and other important information, please refer to the most recent closed-end fund prospectus supplement, if applicable, and its accompanying prospectus. Read it carefully before investing.

Nothing on this website should be considered a solicitation to buy or an offer to sell any shares of a fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction. Nothing contained in this communication constitutes tax, legal or investment advice. Investors must consult their tax adviser or legal counsel for advice and information concerning their particular situation.

NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE