Tortoise Closed-End Funds

Tax Information

(NYSE: TPZ) Tortoise Power and Energy Infrastructure Fund, Inc.

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Annual 1099-DIV

2016 Common Stock Tax Information

TPZ provides the following tax information to its common stockholders pertaining to the character of distributions paid during 2016. For stockholders who received all distributions in cash during 2016, approximately 79.28% was treated as ordinary income (Box 1a less Box 1b), 11.26% as qualified dividend income (Box 1b), and 9.46% as capital gain (Box 2a). The per share characterization is reflected in the sample Form 1099-DIV below.

Ex-Div Date Record Date Payment
Date
Total
Distributions
Per Share
Total
Ordinary Dividends
Box 1a
Qualified
Dividends
Box 1b
Capital Gain
Distributions
Box 2a
Nondividend
Distributions
Box 3
12/21/2016 12/23/2016 12/30/2016 $0.125000 $0.125000 $0.015548 $0.000000 $0.00
11/21/2016 11/23/2016 11/30/2016 $0.125000 $0.112124 $0.013947 $0.012876 $0.00
10/20/2016 10/24/2016 10/31/2016 $0.125000 $0.112124 $0.013947 $0.012876 $0.00
09/21/2016 09/23/2016 09/30/2016 $0.125000 $0.112124 $0.013947 $0.012876 $0.00
08/22/2016 08/24/2016 08/31/2016 $0.125000 $0.112124 $0.013947 $0.012876 $0.00
07/20/2016 07/22/2016 07/29/2016 $0.125000 $0.112124 $0.013947 $0.012876 $0.00
06/21/2016 06/23/2016 06/30/2016 $0.125000 $0.112124 $0.013947 $0.012876 $0.00
05/20/2016 05/24/2016 05/31/2016 $0.125000 $0.112124 $0.013947 $0.012876 $0.00
04/20/2016 04/22/2016 04/29/2016 $0.125000 $0.112124 $0.013947 $0.012876 $0.00
03/22/2016 03/24/2016 03/31/2016 $0.125000 $0.112124 $0.013947 $0.012876 $0.00
02/18/2016 02/22/2016 02/29/2016 $0.137500 $0.123337 $0.015341 $0.014163 $0.00
01/20/2016 01/22/2016 01/29/2016 $0.137500 $0.123337 $0.015341 $0.014163 $0.00
Total 2016 Distributions: $1.525000 $1.380790 $0.171753 $0.144210 $0.00



Box 1a: Ordinary dividends are taxed at ordinary income tax rates.
Box 1b: Qualified dividends are taxed at capital gain tax rates if the stockholder meets holding period requirements.
Box 2a: Capital gain distributions (long-term) are taxed at capital gain tax rates.

For stockholders who participated in the company sponsored dividend reinvestment plan, the tax basis of shares acquired is the greater of the purchase price or the market close price on the payment date.

Report of Organizational Actions Affecting Basis of Securities

Effective January 1, 2012, issuers of regulated investment company securities must complete Form 8937 to report organizational actions, including nontaxable distributions, that affect the basis of the securities involved in the organizational action. TPZ had no organizational actions affecting the basis of securities to report during 2016.

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