Tortoise Closed-End Funds

Tortoise
Pipeline & Energy Fund, Inc. (NYSE: TTP)



TTP Distribution History
See complete history
Declared Ex-date Record
date
Payment
date
Amount Market
price
NAV DRIP1
02/10/2017 02/16/2017 02/21/2017 02/28/2017 0.4075 21.45 23.54 21.16
Fiscal Year 2017 Total: $0.4075  
11/07/2016 11/21/2016 11/23/2016 11/30/2016 0.4075 21.55 23.42 21.93
08/08/2016 08/22/2016 08/24/2016 08/31/2016 0.4075 19.69 21.80 20.54
05/10/2016 05/20/2016 05/24/2016 05/31/2016 0.4075 17.37 20.23 18.15
02/09/2016 02/18/2016 02/22/2016 02/29/2016 0.4075 12.56 14.47 13.79
Fiscal Year 2016 Total: $1.6300  
11/09/2015 11/19/2015 11/23/2015 11/30/2015 0.4500 17.47 19.71 14.06
08/12/2015 08/20/2015 08/24/2015 08/31/2015 0.4500 21.55 25.18 21.27
05/11/2015 05/20/2015 05/22/2015 05/29/2015 0.4500 27.72 32.17 26.71
02/09/2015 02/18/2015 02/20/2015 02/27/2015 0.4500 29.28 32.56 28.59
12/10/2014 Special Distribution 12/22/2014 12/24/2014 12/31/2014 0.1500 30.74 33.83 29.33
Fiscal Year 2015 Total: $1.9500  
11/10/2014 11/19/2014 11/21/2014 11/28/2014 0.4075 $32.50 $35.04 $29.60
08/08/2014 08/20/2014 08/22/2014 08/29/2014 0.4075 $36.46 $40.97 $35.96
05/12/2014 05/20/2014 05/22/2014 05/30/2014 0.4075 32.95 36.34 33.20
02/10/2014 02/19/2014 02/21/2014 02/28/2014 0.4075 29.04 32.62 28.97
Fiscal Year 2014 Total: $1.6300  
11/11/2013 11/20/2013 11/22/2013 11/29/2013 0.4075 28.11 30.33 27.05
08/08/2013 08/21/2013 08/23/2013 09/03/2013 0.4075 27.44 29.25 27.18
05/06/2013 05/21/2013 05/23/2013 06/03/2013 0.4075 29.25 28.60 28.60
02/11/2013 02/19/2013 02/21/2013 03/01/2013 0.4075 27.25 27.61 27.36
Fiscal Year 2013 Total: $1.6300  
11/12/2012 11/20/2012 11/23/2012 11/30/2012 0.4075 24.15 25.24 24.33
08/06/2012 08/22/2012 08/24/2012 09/04/2012 0.4075 25.16 24.86 25.01
05/07/2012 05/21/2012 05/23/2012 06/01/2012 0.40625 22.65 22.84 23.17
11/30/2011 02/17/2012 02/22/2012 03/01/2012 0.40625 24.94 26.49 24.97
Fiscal Year 2012 Total: $1.62750  

 

1Price of shares issued pursuant to company-sponsored dividend reimbursement plan. Amounts are rounded to the nearest whole cent.

Distribution Policy: Tortoise Pipeline & Energy Fund, Inc. (TTP), with approval of its Board of Directors (the Board), has adopted a distribution policy (the Policy) with the purpose of distributing over the course of each year, through periodic distributions as nearly equal as practicable and any required special distributions, an amount closely approximating the total taxable income of TTP during such year and, if so determined by the Board, all or a portion of the return of capital paid by portfolio companies to TTP during such year. In accordance with its Policy, TTP distributes a fixed amount per common share, currently $0.4075, each quarter to its common shareholders. This amount is subject to change from time to time at the discretion of the Board. Although the level of distributions is independent of TTP's performance, TTP expects such distributions to correlate with its performance over time. Each quarterly distribution to shareholders is expected to be at the fixed amount established by the Board, except for extraordinary distributions in light of TTP's performance for the entire calendar year and to enable TTP to comply with the distribution requirements imposed by the Internal Revenue Code. The Board may amend, suspend or terminate the Policy without prior notice to shareholders if it deems such action to be in the best interests of TTP and its shareholders. For example, the Board might take such action if the Policy had the effect of shrinking TTP's assets to a level that was determined to be detrimental to TTP shareholders. The suspension or termination of the Policy could have the effect of creating a trading discount (if TTP’s stock is trading at or above net asset value), widening an existing trading discount or decreasing an existing premium.

You should not draw any conclusions about TTP's investment performance from the amount of the distribution or from the terms of TTP's distribution policy. TTP estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in TTP is paid back to you. A return of capital distribution does not necessarily reflect TTP's investment performance and should not be confused with "yield" or "income." The amounts and sources of distributions reported are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon TTP's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. TTP will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.