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Tortoise Power and Energy Infrastructure Fund, Inc. - TPZ STOCK NEWS

Welcome to our dedicated page for Tortoise Power and Energy Infrastructure Fund news (Ticker: TPZ), a resource for investors and traders seeking the latest updates and insights on Tortoise Power and Energy Infrastructure Fund stock.

Tortoise Power and Energy Infrastructure Fund, Inc. (TPZ) is a closed-ended fund that focuses on investing in a diverse portfolio of fixed income and equity securities issued by power and energy infrastructure companies. The primary objective of TPZ is to provide a high level of current income, while its secondary goal is capital appreciation. The fund is managed by Tortoise, a firm renowned for its specialization in essential assets and income.

Tortoise boasts a broad expertise that spans traditional energy investing across the entire energy value chain, sustainable infrastructure such as wind, solar, and water, as well as credit investing and direct lending to social infrastructure projects. Furthermore, Tortoise excels in index construction, offering a variety of investment vehicles tailored to meet the evolving needs of its clients. This includes diversification and income, making Tortoise a beneficial partner for investors seeking stable returns.

Among its latest news, Tortoise announced on March 8, 2024, the upcoming quarterly rebalancing of its indices, set to take effect on March 15, 2024. Changes will be implemented following their stated methodologies. Full constituent lists for each index from the previous quarter can be found on the Tortoise website.

Tortoise's indices, including the Tortoise MLP Index®, the Tortoise North American Pipeline IndexSM, and the Ecofin Global Water ESG IndexSM, are actively researched to fill gaps in the essential asset universe. These indices provide a platform for passively managed exchange-traded products, reflecting the company’s commitment to sustainable and reliable investment solutions.

For more information, please visit www.tortoiseadvisors.com.

News

Tortoise Power and Energy Infrastructure Fund, Inc. (TPZ) Declares Monthly Distribution

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Tortoise Power and Energy Infrastructure Fund, Inc. (TPZ) declared a March monthly distribution of $0.105 per share, payable on March 29, 2024, to shareholders of record on March 22, 2024.
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Tortoise Announces Index Updates for First Quarter 2024

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Tortoise announces additions and deletions to its indices for the first quarter of 2024. Changes include new companies added and removed from various indexes like Tortoise MLP Index, Tortoise North American Pipeline Index, Ecofin Global Water ESG Index, Tortoise Decarbonization Infrastructure Index, Tortoise Recycling Decarbonization UCITS Index, and Tortoise Recycling Decarbonization Index.
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Tortoise Pipeline & Energy Fund, Inc. and Tortoise Power and Energy Infrastructure Fund, Inc. Provide Section 19(a) Notice

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Tortoise Pipeline & Energy Fund, Inc. and Tortoise Power and Energy Infrastructure Fund, Inc. have announced distributions for February 29, 2024. The distributions include net investment income, capital gains, and return of capital. The funds have shown varying percentages for different sources of distributions, with Tortoise Pipeline & Energy Fund, Inc. having a higher return of capital percentage compared to Tortoise Power and Energy Infrastructure Fund, Inc. The average annual total return, current distribution rate, and cumulative total return for both funds are provided for investor insight.
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Tortoise Power and Energy Infrastructure Fund, Inc. Provides Section 19(a) Notice

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Tortoise Power and Energy Infrastructure Fund, Inc. (TPZ) announced the distribution paid on January 31, 2024, and cumulative distribution paid fiscal year-to-date. The current distribution breakdown includes net investment income, net realized short-term capital gains, net realized long-term capital gains, and return of capital. The return of capital accounted for 72% of the total distribution. The average annual total return for the 5 years ending on 12/31/2023 was 5.78%. The annualized current distribution rate as a percentage of NAV was 7.72% as of 12/31/2023.
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Tortoise Power and Energy Infrastructure Fund, Inc. (TPZ) Declares Monthly Distribution

Rhea-AI Summary
Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) has declared a January monthly distribution of $0.105 per share payable on January 31, 2024, to shareholders of record on January 24, 2024.
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Tortoise Power and Energy Infrastructure Fund, Inc. Provides Section 19(a) Notice

Rhea-AI Summary
Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) distributed estimated amounts of the current distribution on December 29, 2023, and cumulative distribution paid fiscal year-to-date. The distribution sources include net investment income, net realized short-term and long-term capital gains, and return of capital. The total distribution per common share is $0.1050. The average annual total return for the 5 years ending on 11/30/2023 is 4.40%, and the annualized current distribution rate as a percentage of NAV is 7.75%. The cumulative total return for the fiscal year through 11/30/2023 is 12.57%, and the cumulative fiscal year distributions as a percentage of NAV is 0.65%.
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Tortoise Pipeline & Energy Fund, Inc. and Tortoise Power and Energy Infrastructure Fund, Inc. Provide Section 19(a) Notice

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Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) and Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) have announced distributions paid on November 30, 2023, and cumulative distributions paid fiscal year-to-date. The estimated sources of distributions and their breakdowns have been provided, along with average annual total return, annualized current distribution rate, cumulative total return, and cumulative fiscal year distributions as a percentage of NAV.
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Tortoise Power and Energy Infrastructure Fund, Inc. Provides Section 19(a) Notice

Rhea-AI Summary
Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) has provided information on the distribution paid on October 31, 2023, and cumulative distribution paid fiscal year-to-date. The current distribution per common share is $0.1050, with a breakdown of 0.0253% from net investment income, 0.0000% from net realized short-term capital gains, 0.0798% from net realized long-term capital gains, and 0.0000% from return of capital. The total cumulative distributions for the fiscal year to date amount to $1.1550 per common share. The fund has an average annual total return of 1.62% for the 5 years ending on 9/30/2023, an annualized current distribution rate of 8.06% of NAV as of 9/30/2023, a cumulative total return of 6.63% for the fiscal year through 9/30/2023, and cumulative fiscal year distributions of 7.39% of NAV as of 9/30/2023.
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Tortoise Power and Energy Infrastructure Fund, Inc. (TPZ) Declares Monthly Distribution

Rhea-AI Summary
Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) declares October monthly distribution of $0.105 per share payable on October 31, 2023.
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Tortoise Power and Energy Infrastructure Fund, Inc. Provides Section 19(a) Notice

Rhea-AI Summary
Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) has provided information on the distribution paid on September 29, 2023, and cumulative distribution paid fiscal year-to-date. The current distribution breakdown includes net investment income at 0.023522%, net realized short-term capital gains at 0.00000%, net realized long-term capital gains at 0.00000%, and return of capital at 0.081578% per common share. The total cumulative distributions for the fiscal year to date breakdown includes net investment income at 0.249324%, net realized short-term capital gains at 0.00220%, net realized long-term capital gains at 0.341933%, and return of capital at 0.456643% per common share. TPZ's average annual total return for the 5 years ending on 8/31/2023 is 1.74%. The annualized current distribution rate expressed as a percentage of NAV as of 8/31/2023 is 7.92%. The cumulative total return for the fiscal year through 8/31/2023 is 7.61%. The cumulative fiscal year distributions as a percentage of NAV as of 8/31/2023 is 6.60%. TPZ estimates that it has distributed more than its income and net realized capital gains, indicating a return of capital. The amounts and sources of distributions reported are only estimates and are not being provided for tax reporting purposes.
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FAQ

What is the current stock price of Tortoise Power and Energy Infrastructure Fund (TPZ)?

The current stock price of Tortoise Power and Energy Infrastructure Fund (TPZ) is $20.4 as of November 20, 2024.

What is the market cap of Tortoise Power and Energy Infrastructure Fund (TPZ)?

The market cap of Tortoise Power and Energy Infrastructure Fund (TPZ) is approximately 120.0M.

What is Tortoise Power and Energy Infrastructure Fund, Inc. (TPZ)?

TPZ is a closed-ended fund that invests in fixed income and equity securities of power and energy infrastructure companies, aiming for high current income and capital appreciation.

What are the primary and secondary objectives of TPZ?

The primary objective is to provide a high level of current income, while the secondary objective is capital appreciation.

What type of assets does Tortoise specialize in?

Tortoise specializes in essential assets and income, including traditional energy, sustainable infrastructure like wind and solar, water infrastructure, and social infrastructure projects.

Who manages TPZ?

TPZ is managed by Tortoise, a firm with extensive experience in essential assets and income.

What recent changes were announced by Tortoise?

On March 8, 2024, Tortoise announced the upcoming rebalancing of its indices, effective March 15, 2024.

Where can I find more information about Tortoise's indices?

Full constituent lists and more information about Tortoise's indices can be found on their official website, www.tortoiseadvisors.com.

What types of investment solutions does Tortoise provide?

Tortoise provides a range of investment solutions focusing on diversification, income, and evolving client needs through various investment vehicles.

How does Tortoise's expertise benefit investors?

Tortoise's expertise offers investors stable returns through investments in essential assets and infrastructure, addressing critical societal needs.

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Tortoise Power and Energy Infrastructure Fund, Inc.

NYSE:TPZ

TPZ Rankings

#4244 Ranked by Market Cap
#436 Ranked by Dividends

TPZ Stock Data

119.98M
5.89M
0.37%
42.44%
0.16%
Asset Management
Financial Services
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United States of America
Overland Park