(NYSE: TTP) Tortoise Pipeline & Energy Fund, Inc.Return to the Closed-End Fund home page
Find distributions and other tax-related resources for Tortoise closed-end funds.
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2012 Common Stock Tax Information
TTP provides the following tax information to its common stockholders pertaining to the character of distributions paid during 2012. For stockholders who received all distributions in cash during 2012, approximately 21.21% was treated as ordinary income (Box 1a less Box 1b), 36.74% as qualified dividend income (Box 1b), 22.24% as capital gain (Box 2a), and 19.81% as a return of capital (Box 3). The per share characterization by quarter is reflected in the sample Form 1099-DIV below.
|Ex-Div Date||Record Date||Payment
|Total 2012 Distributions:||$1.62750||$0.943042||$0.597838||$0.362000||$0.322458|
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.
Box 3: Nondividend distributions are nontaxable and considered return of capital.
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. The information contained below is intended to satisfy the requirements of public reporting under section 1.6045B-1(a)(3) and (b)(4) of the Treasury Regulations.
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.