Tortoise Power and Energy Infrastructure Fund

Tortoise Power & Energy Infrastructure Fund, Inc. operates as a close-end investment company. The firm engages in the provision of current income, with an objective of capital appreciation. It intends to invest in fixed income and dividend-paying equity securities of power and energy infrastructure companies that provide stable and defensive characteristics throughout economic cycles. The company was founded on July 5, 2007 and is headquartered in Leawood, KS.

Tortoise Energy Independence Fund, Inc.

Tortoise MLP Fund

Tortoise Essential Assets Income Term Fund

Tortoise Pipeline & Energy Fund

Tortoise Energy Infrastructure

Distribution Amounts and Dates Declared for: Tortoise Energy Infrastructure Corp. (NYSE:TYG) Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) Tortoise Energy Independence Fund, Inc. (NYSE:NDP) Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) OVERLAND PARK, KS / ACCESSWIRE / November 4, 2024 / Tortoise Capital announced distributions declared by its closed-end funds. Tortoise Capital closed-end funds distribution details are as follows: Fund Ticker Distribution Amount Distribution Target of Average NAV Distribution Frequency Tortoise Energy Infrastructure Corp. TYG $0.78 7%-10% Quarterly Tortoise Midstream Energy Fund, Inc. NTG $0.81 7%-10% Quarterly Tortoise Pipeline & Energy Fund, Inc. TTP $0.59 7%-10% Quarterly Tortoise Energy Independence Fund, Inc. NDP $0.63 7%-10% Quarterly Tortoise Power and Energy Infrastructure Fund, Inc. TPZ $0.105 7%-10% Monthly Tortoise Sustainable and Social Impact Term Fund TEAF $0.09 6%-8% Monthly TYG, NTG, TTP, NDP and TPZ distributions are payable on Nov. 29, 2024, to shareholders of record on Nov. 22, 2024.

Tortoise Capital Announces Closed-End Fund Distributions

OVERLAND PARK, KS / ACCESSWIRE / November 1, 2024 / Tortoise Capital today announced the following unaudited balance sheet information and asset coverage ratio updates for closed-end funds TYG, NTG, TTP, NDP, TPZ and TEAF. Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of Oct. 31, 2024, the company's unaudited total assets were approximately $615.4 million and its unaudited net asset value was $492.6 million, or $45.76 per share.

Tortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of October 31, 2024, for TYG, NTG, TTP, NDP, TPZ and TEAF

OVERLAND PARK, KS / ACCESSWIRE / October 31, 2024 / This required notice under Section 19(a) of the Investment Company Act of 1940 provides stockholders of Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) with information regarding the sources of the distributions paid on Oct. 31, 2024, and cumulative distributions paid fiscal year-to-date. The following table sets forth the estimated amounts of the current distributions, payable Oct. 31, 2024, and the cumulative distributions paid this fiscal year to date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains and return of capital.

Tortoise Power and Energy Infrastructure Fund, Inc. Provides Section 19(a) Notice

OVERLAND PARK, KS / ACCESSWIRE / October 10, 2024 / Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) today declared the October monthly distribution of $0.105 per share payable on Oct. 31, 2024, to shareholders of record on Oct. 24, 2024. You should not draw any conclusions about TPZ's investment performance from the amount of this distribution or from the terms of TPZ's distribution policy.

Tortoise Power and Energy Infrastructure Fund, Inc. (TPZ) Declares Monthly Distribution

OVERLAND PARK, KS / ACCESSWIRE / October 1, 2024 / Tortoise Capital today announced the following unaudited balance sheet information and asset coverage ratio updates for closed-end funds TYG, NTG, TTP, NDP, TPZ and TEAF. Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of Sept.

Tortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of September 30, 2024, for TYG, NTG, TTP, NDP, TPZ and TEAF

OVERLAND PARK, KS / ACCESSWIRE / September 3, 2024 / Tortoise Capital today announced the following unaudited balance sheet information and asset coverage ratio updates for closed-end funds TYG, NTG, TTP, NDP and TPZ. Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of Aug. 30, 2024, the company's unaudited total assets were approximately $583.9 million and its unaudited net asset value was $460.9 million, or $42.82 per share.

Tortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of August 30, 2024, for TYG, NTG, TTP, NDP and TPZ

OVERLAND PARK, KS / ACCESSWIRE / August 30, 2024 / This required notice under Section 19(a) of the Investment Company Act of 1940 provides stockholders of Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) and Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) with information regarding the sources of the distributions paid on Aug. 30, 2024, and cumulative distributions paid fiscal year-to-date. The following table sets forth the estimated amounts of the current distributions, payable Aug. 30, 2024, and the cumulative distributions paid this fiscal year to date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains and return of capital.

Tortoise Pipeline & Energy Fund, Inc. and Tortoise Power and Energy Infrastructure Fund, Inc. Provide Section 19(a) Notice

MLP CEFs experienced significant drawdowns during the Covid crisis, leading to wide discounts to NAV.

TPZ: More Consolidation In The MLP CEF Space

The Tortoise Power and Energy Infrastructure Fund outperformed the S&P 500 Index by quite a lot over the past three months. The fund invests in both fixed-income securities and equity securities, providing some protection against inflation, which may be helpful going forward. The fund's recent portfolio changes look like smart moves, but the fund does not appear to have much utility exposure at the moment.

TPZ: This 7.33%-Yielding Fund Still Looks Like A Decent Way To Get Income Today

Actively Managed ETF Aims to Offer Investors Greater Liquidity at Net Asset Value OVERLAND PARK, KS / ACCESSWIRE / August 6, 2024 / Tortoise Capital Advisors, L.L.C. (Tortoise Capital), a fund manager focused on traditional energy and power infrastructure investing, today announced its plans to merge three of its closed-end funds into a newly formed actively managed exchange-traded fund (ETF), Tortoise Power and Energy Infrastructure ETF.

Tortoise Capital Advisors Plans Merger of Three Closed-End Funds into Active ETF

OVERLAND PARK, KS / ACCESSWIRE / August 1, 2024 / Tortoise today announced the following unaudited balance sheet information and asset coverage ratio updates for TYG, NTG, TTP, NDP and TPZ. Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of July 31, 2024, the company's unaudited total assets were approximately $563.0 million and its unaudited net asset value was $450.1 million, or $41.82 per share.

Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of July 31, 2024, for TYG, NTG, TTP, NDP and TPZ

Tortoise Energy Infrastructure Corp. (NYSE:TYG) Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) Tortoise Energy Independence Fund, Inc. (NYSE:NDP) Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) OVERLAND PARK, KS / ACCESSWIRE / July 29, 2024 / Tortoise Capital today announced the release of the combined 2024 semi-annual stockholders' report including all of these funds. The semi-annual report is available online at cef.tortoiseadvisors.com.

Tortoise Capital Releases Combined 2024 Closed-End Fund Semi-Annual Report

OVERLAND PARK, KS / ACCESSWIRE / July 1, 2024 / Tortoise today announced the following unaudited balance sheet information and asset coverage ratio updates for TYG, NTG, TTP, NDP and TPZ. Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of June 28, 2024, the company's unaudited total assets were approximately $554.1 million and its unaudited net asset value was $436.8 million, or $40.58 per share.

Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of June 28, 2024, for TYG, NTG, TTP, NDP and TPZ

Tortoise (NYSE:TPZ) today announced upcoming additions and deletions to its indices as part of its regular quarterly rebalancing for the second quarter of 2024. Following the close of trading on Friday, June 21, 2024, the indices will be rebalanced according to their stated methodologies and as a result, the following changes will become effective.

Tortoise Announces Index Updates for Second Quarter 2024

OVERLAND PARK, KS / ACCESSWIRE / June 3, 2024 / Tortoise today announced the following preliminary unaudited balance sheet information and asset coverage ratio updates for TYG, NTG, TTP, NDP and TPZ. Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of May 31, 2024, the company's unaudited total assets were approximately $553.7 million and its unaudited net asset value was $435.8 million, or $40.48 per share.

Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of May 31, 2024, for TYG, NTG, TTP, NDP and TPZ

Tortoise Power and Energy Infrastructure Fund offers investors a high level of income without sacrificing capital gains potential. The TPZ fund has a yield of 7.97%, higher than major equity indices such as the S&P 500 and Dow Jones Industrial Average. It also compares well with its peers. Over the past three years, investors in the fund have realized a total return of 75.99%, outperforming the S&P 500 Index.

TPZ: Very Strong 3-Year Performance And A Decent Yield

Distribution Amounts and Dates Declared for: Tortoise Energy Infrastructure Corp. (NYSE:TYG) Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) Tortoise Energy Independence Fund, Inc. (NYSE:NDP) Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) OVERLAND PARK, KS / ACCESSWIRE / May 8, 2024 / Tortoise and the Board of its closed-end funds announced distributions for its closed-end funds. Tortoise closed-end funds distribution details are as follows: Fund Ticker Distribution Amount Distribution Target of Average NAV Distribution Frequency Tortoise Energy Infrastructure Corp. TYG $0.71 7%-10% Quarterly Tortoise Midstream Energy Fund, Inc. NTG $0.77 7%-10% Quarterly Tortoise Pipeline & Energy Fund, Inc. TTP $0.59 7%-10% Quarterly Tortoise Energy Independence Fund, Inc., NDP $0.63 7%-10% Quarterly Tortoise Power and Energy Infrastructure Fund, Inc. TPZ $0.105 7%-10% Monthly TYG, NTG, TTP, NDP and TPZ distributions are payable on May 31, 2024, to shareholders of record on May 24, 2024.

Tortoise Announces Distribution Amounts for Its Closed-End Funds

OVERLAND PARK, KS / ACCESSWIRE / May 1, 2024 / Tortoise today announced the following unaudited balance sheet information and asset coverage ratio updates for TYG, NTG, TTP, NDP and TPZ. Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of April 30, 2024, the company's unaudited total assets were approximately $527.3 million and its unaudited net asset value was $413.1 million, or $38.38 per share.

Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of April 30, 2024, for TYG, NTG, TTP, NDP and TPZ

OVERLAND PARK, KS / ACCESSWIRE / April 1, 2024 / Tortoise today announced the following balance sheet information and asset coverage ratio updates for TYG, NTG, TTP, NDP and TPZ. Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of March 28, 2024, the company's unaudited total assets were approximately $529.6 million and its unaudited net asset value was $415.8 million, or $38.62 per share.

Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of March 28, 2024, for TYG, NTG, TTP, NDP and TPZ

OVERLAND PARK, KS / ACCESSWIRE / March 1, 2024 / Tortoise today announced the following balance sheet information and asset coverage ratio updates for TYG, NTG, TTP, NDP and TPZ. Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of February 29, 2024, the company's unaudited total assets were approximately $500.0 million and its unaudited net asset value was $382.8 million, or $35.56 per share.

Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of February 29, 2024, for TYG, NTG, TTP, NDP and TPZ

OVERLAND PARK, KS / ACCESSWIRE / February 1, 2024 / Tortoise today announced the following balance sheet information and asset coverage ratio updates for TYG, NTG, TTP, NDP and TPZ. Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of January 31, 2024, the company's unaudited total assets were approximately $487.3 million and its unaudited net asset value was $374.1 million, or $34.76 per share.

Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of January 31, 2024, for TYG, NTG, TTP, NDP and TPZ

Tortoise Energy Infrastructure Corp. (NYSE: TYG) Tortoise Midstream Energy Fund, Inc. (NYSE: NTG) Tortoise Pipeline & Energy Fund, Inc. (NYSE: TTP) Tortoise Energy Independence Fund, Inc. (NYSE: NDP) Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ) OVERLAND PARK, KS / ACCESSWIRE / January 30, 2024 / Tortoise today announced the tax characterization of 2023 distributions paid to common stockholders of each of the funds listed below: 2023 Tax Characterization of Distributions TYG NTG TTP NDP TPZ Qualified Dividend Income 40% 46% 22% 30% 16% Ordinary Dividend Income 18% 7% 0% 0% 33% Return of Capital 42% 47% 78% 70% 51% Long-Term Capital Gain 0% 0% 0% 0% 0% Additional information regarding the tax characterization of the 2023 distributions is available at www.TortoiseAdvisors.com. A copy of the information is also available upon request by calling (866) 362-9331.

Tortoise Announces 2023 Closed-End Fund Tax Characterization of Distributions and Release of Combined Annual Report

OVERLAND PARK, KS / ACCESSWIRE / January 2, 2024 / Tortoise today announced the following balance sheet information and asset coverage ratio updates for TYG, NTG, TTP, NDP and TPZ. Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of December 29, 2023, the company's unaudited total assets were approximately $496.5 million and its unaudited net asset value was $383.6 million, or $35.64 per share.

Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of December 29, 2023, for TYG, NTG, TTP, NDP and TPZ

OVERLAND PARK, KS / ACCESSWIRE / December 1, 2023 / Tortoise today announced the following preliminary unaudited balance sheet information and asset coverage ratio updates for TYG, NTG, TTP, NDP and TPZ. Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of November 30, 2023, the company's preliminary unaudited total assets were approximately $492.6 million and its preliminary unaudited net asset value was $380.3 million, or $35.33 per share.

Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of November 30, 2023, for TYG, NTG, TTP, NDP and TPZ

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22 out of 22 CEF sectors positive on price and 21 out of 22 sectors positive on NAV. Tortoise tender offering results. Eaton Vance tender offer results.

News for Tortoise Power and Energy Infrastructure Fund ETF (TPZ)