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 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) OVERLAND PARK, KS / ACCESSWIRE / November 9, 2023 / 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 November 30, 2023, to shareholders of record on November 22, 2023.

Tortoise Announces Distribution Amounts for its Closed-End Funds

OVERLAND PARK, KS / ACCESSWIRE / November 1, 2023 / 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 October 31, 2023, the company's unaudited total assets were approximately $498.1 million and its unaudited net asset value was $378.9 million, or $33.44 per share.

Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of October 31, 2023, for TYG, NTG, TTP, NDP and TPZ

OVERLAND PARK, KS / ACCESSWIRE / October 2, 2023 / 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 September 29, 2023, the company's unaudited total assets were approximately $496.1 million and its unaudited net asset value was $381.3 million, or $33.65 per share.

Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of September 29, 2023, 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 / October 2, 2023 / Tortoise announced today the commencement of cash tender offers for each of the following Funds. Fund Tender Offer Amount TYG Up to 5% or 566,575 of its outstanding common shares NTG Up to 5% or 268,042 of its outstanding common shares TTP Up to 5% or 105,819 of its outstanding common shares NDP Up to 5% or 87,684 of its outstanding common shares TPZ Up to 5% or 310,008 of its outstanding common shares Each tender offer will be conducted at a price equal to 98% of each Fund's net asset value (NAV) per share as of the close of regular trading on the New York Stock Exchange (NYSE) on the date the tender offer expires.

Tortoise Announces Tender Offers for its Closed-End Funds

Brookfield Real Assets Income Fund

9 out of 22 CEF sectors positive on price and 12 out of 22 sectors positive on NAV. Tortoise tender offers are announced. Tender offers are part of the funds' discount management program.

Weekly Closed-End Fund Roundup: Tortoise Tender Offers Announced (August 27, 2023)

OVERLAND PARK, KS / ACCESSWIRE / September 1, 2023 / 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 August 31, 2023, the company's unaudited total assets were approximately $527.1 million and its unaudited net asset value was $403.5 million, or $35.61 per share.

Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of August 31, 2023, for TYG, NTG, TTP, NDP and TPZ.

Revised from August 11, 2023 release to include Important Notice 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 / August 16, 2023 / Tortoise and the Board of its closed-end funds previously announced its approval of conditional tender offers as part of the discount management program. A Fund would conduct a tender for 5% of the Fund's outstanding shares of common stock at a price equal to 98% of net asset value (NAV) if its shares trade at an average discount to NAV of more than 10% during either of the designated measurement periods in 2022 and 2023.

Revised: Tortoise Announces Tender Offers for its Closed-End Funds

OVERLAND PARK, KS / ACCESSWIRE / August 1, 2023 / 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, 2023, the company's unaudited total assets were approximately $544.9 million and its unaudited net asset value was $422.8 million, or $37.31 per share.

Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of July 31, 2023, 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 28, 2023 / TortoiseEcofin today announced the release of the combined 2023 semi-annual stockholders' report including all of these funds. The semi-annual report is available online at cef.tortoiseecofin.com.

TortoiseEcofin Releases Combined 2023 Closed-End Fund Semi-Annual Report

OVERLAND PARK, KS / ACCESSWIRE / July 3, 2023 / 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 30, 2023, the company's unaudited total assets were approximately $531.0 million and its unaudited net asset value was $405.4 million, or $35.78 per share.

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

OVERLAND PARK, KS / ACCESSWIRE / June 1, 2023 / 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 May 31, 2023, the company's unaudited total assets were approximately $501.4 million and its unaudited net asset value was $379.5 million, or $33.49 per share.

Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of May 31, 2023, for TYG, NTG, TTP, NDP and TPZ

OVERLAND PARK, KS / ACCESSWIRE / May 1, 2023 / 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 28, 2023, the company's unaudited total assets were approximately $547.5 million and its unaudited net asset value was $421.4 million, or $37.18 per share.

Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of April 28, 2023, for TYG, NTG, TTP, NDP and TPZ

OVERLAND PARK, KS / ACCESSWIRE / April 3, 2023 / 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 March 31, 2023, the company's unaudited total assets were approximately $560.4 million and its unaudited net asset value was $415.8 million, or $36.70 per share.

Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of March 31, 2023, for TYG, NTG, TTP, NDP and TPZ

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 / February 9, 2023 / Tortoise and the Board of its closed-end funds announced distributions for its closed-end funds. Tortoise Energy Independence Fund, Inc. (NDP) increased its distribution from $0.56 to $0.63, an increase of 12.5%.

Tortoise Announces Distribution Amounts for Its Closed-End Funds, Including a 12.5% Increase for NDP

OVERLAND PARK, KS / ACCESSWIRE / February 7, 2023 / Tortoise today announced the tax characterization of 2022 distributions paid to common stockholders of each of the following funds: 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) 2022 Tax Characterization of Distributions TYG NTG TTP NDP TPZ Qualified Dividend Income 100% 100% 21% 40% 11% Ordinary Dividend Income 0% 0% 0% 0% 17% Return of Capital 0% 0% 79% 60% 72% Long-Term Capital Gain 0% 0% 0% 0% 0% Additional information regarding the tax characterization of the 2022 distributions is available at www.TortoiseEcofin.com. A copy of the information is also available upon request by calling (866) 362-9331.

Tortoise Announces 2022 Closed-End Fund Tax Characterization of Distributions and Release of Annual Report

OVERLAND PARK, KS / ACCESSWIRE / January 3, 2023 / 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 December 30, 2022, the company's unaudited total assets were approximately $580.2 million and its unaudited net asset value was $445.1 million, or $39.28 per share.

Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of December 30, 2022 for TYG, NTG, TTP, NDP and TPZ

Aberdeen Income Credit Strategies Fund

Alpine Global Dynamic Dividend Fund

Aberdeen Standard Global Infr Inc Fd

Blackrock Health Sciences Trust

Cornerstone Strategic Value Fund Inc

Cornerstone Total Return Fund Inc

Delaware Investments Dividend and Income Fund

Delaware Enhanced Global Dividend & Income Fund

Eaton Vance Enhanced Equity Income Fund

Eaton Vance Tax-Managed Buy-Write Opportunities Fund

First Trust / Aberdeen Emerging Opportunity Fund

Eagle Capital Growth Fund Inc

Gabelli Utility Trust

John Hancock Preferred Income Fund II

John Hancock Preferred Income Fund

New American High Income Fund

BlackRock Corporate High Yield Fund

Ivy High Income Opportunities Fund

Nuveen Core Equity Alpha Fund

John Hancock Investors Trust

Macquarie Global Infrastructure Total Return Fund Inc

Virtus AllianzGI Convertible & Income Fund

Virtus AllianzGI Convertible & Income Fund II

Nuveen Missouri Quality Municipal Income Fund

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Oxford Lane Capital

PCM Fund

Pimco California Municipal Income Fund

Pimco Municipal Income Fund II

Pimco California Municipal Income Fund III

RiverNorth Opportunities Fund, Inc.

Virtus Total Return Fund

12 out of 23 CEF sectors positive on price and 6 out of 23 sectors positive on NAV last week. Tortoise offer tender results.

Weekly Closed-End Fund Roundup: Tortoise Tender Results, NCZ Resumes Distributions (November 6, 2022)

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 / November 2, 2022 / Tortoise announced today the preliminary results of cash tender offers for each of the following Funds that expired at 5:00 P.M., Eastern Time on November 1, 2022.The table below shows the preliminary results for each Fund.

Tortoise Announces Preliminary Results of Tender Offers for its Closed-End Funds

OVERLAND PARK, KS / ACCESSWIRE / November 1, 2022 / 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 October 31, 2022, the company's unaudited total assets were approximately $605.5 million and its unaudited net asset value was $470.5 million, or $39.44 per share.

Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of October 31, 2022 for TYG, NTG, TTP, NDP and TPZ

BlackRock Taxable Municipal Bond Trust

Central and Eastern Europe Fund

Doubleline Opportunistic Credit Fund

Stone Harbor Emerging Markets Total Income Fund

European Equity Fund

Eagle Point Income Company Inc

Eaton Vance Short Duration Diversified Income Fund

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

Gabelli Convertible and Income Securities Fund

Gabelli Multimedia Trust

Gabelli Global Utility & Income Trust

John Hancock Hedged Equity & Income Fund

New Ireland Fund Inc

Madison Fund

Putnam Municipal Opportunities Trust

Cohen And Steers Total Return Realty Fund

Franklin Templeton Emerging Markets Income Fund

16 out of 23 CEF sectors positive on price and 12 out of 23 sectors positive on NAV last week. Watch for overvalued CEFs as market volatility rises.

Weekly Closed-End Fund Roundup: Tortoise Tender Offers Expiring (October 23, 2022)

John Hancock Financial Opportunities Fund

Virtus Stone Harbor Emerging Markets Income Fund 

Eaton Vance Tax-Advantaged Global Dividend Income Fund

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund

Gabelli Equity Trust

Nuveen Arizona Quality Municipal Income Fund

Nuveen Municipal Credit Opportunities Fund

Putnam High Income Securities Fund

Columbia Seligman Premium Technology Growth Func Inc

Delaware Investments

0 out of 23 CEF sectors are positive on price and 0 out of 23 sectors are positive on NAV over the last week. BlackRock CEFs are repurchasing their shares.

Weekly Closed-End Fund Roundup: BlackRock CEFs Repurchasing Shares (October 16, 2022)

TPZ is an expensive, midstream, energy infrastructure closed-end fund and the company has made a tender offer for 5% of the shares. TPZ's current allocations are heavily weighted toward natural gas assets.

TPZ: Expensive CEF That Has Underperformed

OVERLAND PARK, KS / ACCESSWIRE / October 3, 2022 / 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 September 30, 2022, the company's unaudited total assets were approximately $564.4 million and its unaudited net asset value was $421.5 million, or $35.34 per share.

Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of September 30, 2022 for TYG, NTG, TTP, NDP and TPZ

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 / August 9, 2022 / Tortoise and the Board of its closed-end funds announced distributions for its closed-end funds. Tortoise Energy Independence Fund, Inc. (NDP) will increase its quarterly distribution by 16.7%.

Tortoise Announces Distribution Amounts for its Closed-End Funds with Increase for NDP

OVERLAND PARK, KS / ACCESSWIRE / August 1, 2022 / 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 29, 2022, the company's unaudited total assets were approximately $630.3 million and its unaudited net asset value was $486.2 million, or $40.76 per share.

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