(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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2015 Common Stock Tax Information
TTP provides the following tax information to its common stockholders pertaining to the character of distributions paid during 2015. For stockholders who received all distributions in cash during 2015, approximately 24.08% was treated as qualified dividend income (Box 1b) and 75.92% as capital gain (Box 2a). The per share characterization is reflected in the sample Form 1099-DIV below.
|Ex-Div Date||Record Date||Payment
|Total 2015 Distributions:||$1.800000||$0.433452||$0.433452||$1.366548||$0.000000|
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. TTP had no organizational actions affecting the basis of securities to report during 2015.
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.