Tax Information

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

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Annual 1099-DIV

2011 Common Stock Tax Information

TPZ provides the following tax information to its common stockholders pertaining to the character of distributions paid during 2011. For stockholders who received all distributions in cash during 2011, 57.18% was treated as ordinary dividends (Box 1a), 33.93% as capital gain (Box 2a) and 8.89% as a return of capital (Box 3). 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
12/21/2011 12/23/2011 12/30/2011 $0.125000 $0.125000 $0.00 $0.000000 $0.000000
11/18/2011 11/22/2011 11/30/2011 $0.125000 $0.066608 $0.00 $0.046268 $0.012124
10/20/2011 10/24/2011 10/31/2011 $0.125000 $0.066608 $0.00 $0.046268 $0.012124
09/21/2011 09/23/2011 09/30/2011 $0.125000 $0.066608 $0.00 $0.046268 $0.012124
08/22/2011 08/24/2011 08/31/2011 $0.125000 $0.066608 $0.00 $0.046268 $0.012124
07/20/2011 07/22/2011 07/29/2011 $0.125000 $0.066608 $0.00 $0.046268 $0.012124
06/21/2011 06/23/2011 06/30/2011 $0.125000 $0.066608 $0.00 $0.046268 $0.012124
05/20/2011 05/24/2011 05/31/2011 $0.125000 $0.066608 $0.00 $0.046268 $0.012124
04/19/2011 04/21/2011 04/29/2011 $0.125000 $0.066608 $0.00 $0.046268 $0.012124
03/22/2011 03/24/2011 03/31/2011 $0.125000 $0.066608 $0.00 $0.046268 $0.012124
02/16/2011 02/18/2011 02/28/2011 $0.125000 $0.066608 $0.00 $0.046268 $0.012124
01/20/2011 01/24/2011 01/31/2011 $0.125000 $0.066608 $0.00 $0.046268 $0.012124
Total 2011 Distributions: $1.500000 $0.857688 $0.00 $0.508948 $0.133364

 

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