Tax Information

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

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Annual 1099-DIV

2013 Common Stock Tax Information

TTP provides the following tax information to its common stockholders pertaining to the character of distributions paid during 2013. For stockholders who received all distributions in cash during 2013, approximately 25.23% was treated as ordinary income (Box 1a less Box 1b), 40.72% as qualified dividend income (Box 1b), 32.44% as capital gain (Box 2a), and 1.61% as a return of capital (Box 3). The per share characterization by quarter is reflected in the sample Form 1099-DIV below.

Ex-Div Date Record Date Payment
Per Share
Ordinary Dividends
Box 1a
Box 1b
Capital Gain
Box 2a
Box 3
11/20/2013 11/22/2013 11/29/2013 $0.407500 $0.268756 $0.165934 $0.132203 $0.006541
08/21/2013 08/23/2013 09/03/2013 $0.407500 $0.268756 $0.165934 $0.132203 $0.006541
05/21/2013 05/23/2013 06/03/2013 $0.407500 $0.268756 $0.165934 $0.132203 $0.006541
02/19/2013 02/21/2013 03/01/2013 $0.407500 $0.268756 $0.165934 $0.132203 $0.006541
Total 2013 Distributions: $1.630000 $1.075024 $0.663736 $0.528812 $0.026164


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.

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.

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 satisfy the requirements of public reporting under section 1.6045B-1(a)(3) and (b)(4) of the Treasury Regulations.

2013 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.