Tortoise Captial Advisors
 

Tortoise Capital Advisors Announces Tax Characterization of 2014 Closed-End Fund Distributions

LEAWOOD, Kan. -- January 20, 2015 -- (BUSINESS WIRE) --

Tortoise Capital Advisors today announced the tax characterization of 2014 distributions paid to stockholders of:

Tortoise Energy Infrastructure Corp. (TYG)
Tortoise MLP Fund, Inc. (NTG)
Tortoise Power and Energy Infrastructure Fund, Inc. (TPZ)
Tortoise Pipeline & Energy Fund, Inc. (TTP)
Tortoise Energy Independence Fund, Inc. (NDP)

2014 Tax Characterization
of Distributions

MLP Funds

Broader RICs

TYG

NTG

TPZ

TTP

NDP

Qualified Dividend Income 100 % 92 % 4 % 1 % 12 %
Ordinary Dividend Income - - 31 % - 56 %
Return of Capital - 8 % - - 5 %
Long-Term Capital Gain N/A N/A 65 % 99 % 27 %

Additional information regarding the tax characterization of the 2014 distributions is available at www.tortoiseadvisors.com. A copy of the information is also available upon request by calling 866-362-9331.

Nothing contained herein or therein should be construed as tax advice. Consult your tax advisor for more information. Furthermore, you may not rely upon any information herein or therein for the purpose of avoiding any penalties that may be imposed under the Internal Revenue Code.

About Tortoise Capital Advisors, L.L.C.

Tortoise Capital Advisors, L.L.C. is an investment manager specializing in listed energy investments. As of Dec. 31, 2014, the adviser had approximately $17.3 billion of assets under management in NYSE-listed closed-end investment funds, open-end funds, private funds and other separate accounts. For more information, visit www.tortoiseadvisors.com.

Contact:
Tortoise Capital Advisors, L.L.C.
Investor Relations:
Pam Kearney, 866-362-9331
pkearney@tortoiseadvisors.com