Tortoise Closed-End Funds
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Tortoise
Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ)


TPZ invests in a portfolio of fixed income and equity securities issued by power and energy infrastructure companies.

TPZ is designed to provide:

  • Exposure to power and energy infrastructure fixed income securities as well as dividend-paying equity securities
  • One 1099 (no K-1s)
  • Investment objective seeks high level of current income, with secondary objective of capital appreciation
  • No Unrelated Business Taxable Income (UBTI)
  • IRA and tax-exempt suitability
Fund Data (unaudited) As of 9/30/2014 (unless noted)
Total Assets $266.6 million   Leverage (as percent of total assets) 14.6%
Market Price1 $27.80   Shares Outstanding 6.95 million
NAV2 $30.80   Management Fee3 0.90%
IPO Date 7/28/2009   Fiscal Year End November 30
IPO Price $20.00   CUSIP 89147X104
Distribution Frequency Monthly      
  1. Reflects real-time price when available. Quotes are delayed at least 15 minutes. All information provided "as is" for informational purposes only, not intended for trading purposes or advice..

  2. As of 10/17/2014.

  3. Annual rate applied to the fund's average monthly total assets (including any asset attributable to leverage) less the sum of accrued liabilities (other than debt entered into for purposes of leverage) ("Managed Assets"). Tortoise has agreed to a fee waiver of 0.05% of the average monthly Managed Assets through 12/31/2014. The gross management fee is 0.95%.

TPZ Details

As of 10/24/2014 (unless noted)

  • Market Price1
  • $27.80
  • NAV2
  • $30.80
  • Premium/Discount
  • -9.7%
  • Distribution Rate3
  • 5.4%
  1. Reflects real-time price when available. Quotes are delayed at least 15 minutes. All information provided "as is" for informational purposes only, not intended for trading purposes or advice.
  2. As of 10/17/2014.
  3. Annualized based on latest distribution received divided by current stock price. A portion of this distribution may be treated as return of capital for income tax purposes, although the ultimate characterization will not be made until after year-end.