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LEAWOOD, KS / ACCESSVIRE / November 30, 2022 / This notice is provided to the stockholders of Tortoise Pipeline & Energy Fund, Inc. (NISE:TTP) and Tortoise Power and Energy Infrastructure Fund, Inc. (NISE:TPZ) information regarding distributions paid on November 30, 2022 and cumulative distributions paid in the fiscal year-to-date.
The following table lists the estimated amounts of current distributions, payable on November 30, 2022, and 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. All amounts are expressed per ordinary shares.
Tortoise Pipeline & Energy Fund, Inc.
|
Estimated sources of distribution |
||||
|
($) Current Distribution |
% power failure Distribution |
($) Total cumulative distributions for Fiscal year to date |
% Distribution of total cumulative distributions for Fiscal year to date |
|
|
Net investment |
0.0000 |
0% |
0.0994 |
4% |
|
Net realized short-term capital gains |
0.0000 |
0% |
0.0080 |
0% |
|
Net realized long-term capital gains |
0.5900 |
100% |
0.7826 |
33% |
|
Return from |
0.0000 |
0% |
1.4700 |
63% |
|
In total |
0.5900 |
100% |
2.3600 |
100% |
|
Average annual total return (in relation to NAV) for 5 years ending on 31.10.2022. |
-8.45% |
|
Annual rate of current distribution expressed as a percentage of NAV on 31.10.2022. |
7.07% |
|
Cumulative total return (in relation to NAV) for the fiscal year until 10/31/2022. |
26.80% |
|
Cumulative distribution of the fiscal year as a percentage of NAV on 31.10.2022. |
7.07% |
Tortoise Power and Energy Infrastructure Fund, Inc.
|
Estimated sources of distribution |
||||
|
($) Current Distribution |
% power failure Distribution |
($) Total cumulative distributions for Fiscal year to date |
% Distribution of total cumulative distributions for Fiscal year to date |
|
|
Net investment |
0.0211 |
20% |
0.2554 |
22% |
|
Net realized short-term capital gains |
0.0000 |
0% |
0.0000 |
0% |
|
Net realized long-term capital gains |
0.0701 |
67% |
0.0326 |
3% |
|
Return from |
0.0138 |
13% |
0.8820 |
75% |
|
In total |
0.1050 |
100% |
1.1700 |
100% |
|
Average annual total return (in relation to NAV) for 5 years ending on 31.10.2022. |
1.09% |
|
Annual rate of current distribution expressed as a percentage of NAV on 31.10.2022. |
8.14% |
|
Cumulative total return (in relation to NAV) for the fiscal year until 10/31/2022. |
10.85% |
|
Cumulative distribution of the fiscal year as a percentage of NAV on 31.10.2022. |
7.56% |
You should not draw any conclusions about the investment performance of TTP or TPZ from the amount of this distribution or from the terms of the distribution policy of TTP and TPZ.
TTP and TPZ estimate that they have distributed more than their income and net realized capital gains; therefore, part of your distribution may be a return of capital. A capital return can occur, for example, when part or all of the money you invested in TTP and/or TPZ is returned to you. Return on capital distributions do not necessarily reflect the investment performance of TTP and/or TPZ and should not be confused with “yield” or “income”.
Amounts and sources of distributions reported are estimates only and are not provided for tax reporting purposes. Actual amounts and sources of amounts for tax reporting purposes will depend on the investment experience of TTP and TPZ during the remainder of their fiscal years and may be subject to change based on tax regulations. TTP and/or TPZ will send you a calendar year Form 1099-DIV that will tell you how to report these distributions for federal income tax purposes.
Tortoise Capital Advisors is the advisor to Tortoise Pipeline & Energy Fund, Inc. and Tortoise Power and Energy Infrastructure Fund, Inc.
For additional information on these funds, visit cef.tortoiseecofin.com.
About the turtle
Turtle focuses on energy and power infrastructure and the transition to cleaner energy. Kornjača’s solid experience in investing in the energy value chain and research dates back more than 20 years. As one of the earliest investors in midstream energy, Tortoise believes it is well positioned to be at the forefront of the ongoing global energy evolution. With a steady winning approach and a long-term perspective, Tortoise strives to make a positive impact on clients and communities. To learn more, visit www.TortoiseEcofin.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain statements that may include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, are included “forward-looking statements” herein. Although the Funds and Tortoise Capital Advisors believe that the expectations expressed in these forward-looking statements are reasonable, they involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a number of factors, including those discussed in the fund’s reports filed with the Securities and Exchange Commission. Undue reliance should not be placed on these forward-looking statements, which speak only as of the date of this press release. Except as required by law, the Funds and Tortoise Capital Advisors undertake no obligation to update this forward-looking statement.
Safe Harbor Statement
This press release will not constitute an offer to sell or an invitation to buy, nor will there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be illegal prior to registration or qualification under the laws of such state or competencies.
Contact info
For more information, contact Jen Ashlock at (913) 981-1020 or info@tortoiseecofin.com.
SOURCE: TortoiseEcofin
See the original version on accesswire.com:
https://www.accessvire.com/727022/Tortoise-Pipeline-Energi-Fund-Inc-and-Tortoise-Pover-and-Energi-Infrastructure-Fund-Inc-Provide-Section-19a-Notice
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