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.
Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) and Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) announced distributions paid on February 28, 2023. The current distribution for TTP is $0.5900 per share, sourced mainly from a 87% return of capital, while TPZ's current distribution is $0.1050, with 46% from return of capital. Year-to-date performance shows TTP with an average annual total return of -9.07% and TPZ at 1.17%. The cumulative fiscal year distributions as a percentage of NAV stand at 1.73% for TTP and 1.98% for TPZ.
FAQ
What is the current stock price of Tortoise Power and Energy Infrastructure Fund (TPZ)?
What is the market cap of Tortoise Power and Energy Infrastructure Fund (TPZ)?
What is Tortoise Power and Energy Infrastructure Fund, Inc. (TPZ)?
What are the primary and secondary objectives of TPZ?
What type of assets does Tortoise specialize in?
Who manages TPZ?
What recent changes were announced by Tortoise?
Where can I find more information about Tortoise's indices?
What types of investment solutions does Tortoise provide?
How does Tortoise's expertise benefit investors?
