Tortoise Power and Energy Infrastructure Fund, Inc. Provides Section 19(a) Notice
Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) has issued a Section 19(a) notice for its distribution paid on Aug. 30, 2024. The current distribution of $0.1050 per share is composed of 20% net investment income and 80% return of capital. For the fiscal year to date, the total cumulative distribution of $1.0500 per share consists of 22% net investment income and 78% return of capital.
The fund's average annual total return for the five years ending August 30, 2024, is 8.12%. The annualized current distribution rate as a percentage of NAV is 6.72%. The cumulative total return for the fiscal year through August 30, 2024, is 22.65%, with cumulative fiscal year distributions at 5.60% of NAV.
TPZ estimates it has distributed more than its income and net realized capital gains, indicating a portion of the distribution may be a return of capital. Investors are advised not to draw conclusions about TPZ's investment performance from this distribution.
Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) ha emesso una notifica ai sensi della Sezione 19(a) per la sua distribuzione effettuata il 30 agosto 2024. L'attuale distribuzione di $0.1050 per azione è composta dal 20% di reddito netto da investimenti e dall'80% di restituzione di capitale. Fino ad oggi per l'anno fiscale, la distribuzione cumulativa totale di $1.0500 per azione è costituita dal 22% di reddito netto da investimenti e dal 78% di restituzione di capitale.
Il rendimento totale medio annuo del fondo per i cinque anni che terminano il 30 agosto 2024 è del 8.12%. Il tasso di distribuzione attuale annualizzato come percentuale del NAV è del 6.72%. Il rendimento totale cumulativo per l'anno fiscale fino al 30 agosto 2024 è del 22.65%, con distribuzioni fiscali cumulative al 5.60% del NAV.
TPZ stima di aver distribuito più del proprio reddito e dei guadagni in conto capitale netti realizzati, il che indica che una parte della distribuzione potrebbe essere una restituzione di capitale. Gli investitori sono avvisati di non trarre conclusioni sulle performance di investimento di TPZ basandosi su questa distribuzione.
Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) ha emitido un aviso de la Sección 19(a) para su distribución pagada el 30 de agosto de 2024. La distribución actual de $0.1050 por acción está compuesta por un 20% de ingresos netos por inversiones y un 80% de retorno de capital. Hasta la fecha, la distribución acumulativa total del año fiscal de $1.0500 por acción consiste en un 22% de ingresos netos por inversiones y un 78% de retorno de capital.
El rendimiento total anualizado promedio del fondo para los cinco años que terminan el 30 de agosto de 2024 es del 8.12%. La tasa de distribución actual anualizada como porcentaje del NAV es del 6.72%. El rendimiento total acumulativo para el año fiscal hasta el 30 de agosto de 2024 es del 22.65%, con distribuciones acumulativas del año fiscal al 5.60% del NAV.
TPZ estima que ha distribuido más de sus ingresos y ganancias de capital netas realizadas, lo que indica que una parte de la distribución puede ser un retorno de capital. Se aconseja a los inversores no sacar conclusiones sobre el rendimiento de inversión de TPZ a partir de esta distribución.
토르토이즈 전력 및 에너지 인프라 기금, 주식회사 (NYSE:TPZ)는 2024년 8월 30일에 지급된 분배에 대한 19(a) 조항 통지를 발행했습니다. 현재 $0.1050 주당 분배는 20%의 순투자 소득과 80%의 자본 환급으로 구성되어 있습니다. 회계 연도 누계로는 $1.0500 주당 분배가 22%의 순투자 소득과 78%의 자본 환급으로 이루어져 있습니다.
해당 기금의 5년 평균 총 수익률은 2024년 8월 30일 종료 기준 8.12%입니다. NAV 대비 연간화된 현재 분배율은 6.72%입니다. 2024년 8월 30일까지의 회계 연도 누적 총 수익률은 22.65%이며, NAV의 5.60%에 해당하는 회계 연도 누적 분배가 있습니다.
TPZ는 자신의 수입 및 실현된 순 자본 이익보다 더 많은 분배를 해온 것으로 추정하고 있으며, 이는 분배의 일부가 자본 환급일 수 있음을 나타냅니다. 투자자에게 TPZ의 투자 성과를 이 분배로부터 결론짓지 말 것을 권장합니다.
Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) a publié un avis de la section 19(a) concernant sa distribution effectuée le 30 août 2024. La distribution actuelle de $0.1050 par action est composée de 20% de revenus nets d'investissement et de 80% de retour de capital. À ce jour, la distribution cumulée totale de l'année fiscale de $1.0500 par action se compose de 22% de revenus nets d'investissement et de 78% de retour de capital.
Le rendement total annuel moyen du fonds pour les cinq années se terminant le 30 août 2024 est de 8.12%. Le taux de distribution actuel annualisé en pourcentage de la NAV est de 6.72%. Le rendement total cumulé pour l'année fiscale jusqu'au 30 août 2024 est de 22.65%, avec des distributions cumulatives de l'année fiscale à 5.60% de la NAV.
TPZ estime qu'il a distribué plus que ses revenus et gains en capital nets réalisés, ce qui indique qu'une partie de la distribution pourrait être un retour de capital. Les investisseurs sont conseillés de ne pas tirer de conclusions sur la performance d'investissement de TPZ à partir de cette distribution.
Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) hat eine Mitteilung gemäß Abschnitt 19(a) für die am 30. August 2024 ausgezahlte Ausschüttung herausgegeben. Die aktuelle Ausschüttung von $0.1050 pro Aktie setzt sich zu 20% aus Nettokapitaleinnahmen und zu 80% aus Kapitalrückzahlung zusammen. Für das bis heute laufende Geschäftsjahr besteht die cumulative Ausschüttung von $1.0500 pro Aktie aus 22% Nettokapitaleinnahmen und 78% Kapitalrückzahlung.
Die durchschnittliche jährliche Gesamtrendite des Fonds für die fünf Jahre bis zum 30. August 2024 beträgt 8.12%. Der annualisierte aktuelle Ausschüttungssatz als Prozentsatz des NAV beträgt 6.72%. Die kumulative Gesamtrendite für das Geschäftsjahr bis zum 30. August 2024 beträgt 22.65%, mit kumulierten Ausschüttungen des Geschäftsjahres von 5.60% des NAV.
TPZ schätzt, dass es mehr ausgeschüttet hat als seine Einkünfte und realisierten Nettokapitaleinnahmen, was darauf hindeutet, dass ein Teil der Ausschüttung eine Kapitalrückzahlung sein könnte. Den Anlegern wird geraten, aus dieser Ausschüttung keine Schlüsse über die Anlageneffektivität von TPZ zu ziehen.
- Average annual total return of 8.12% for the five years ending August 30, 2024
- Cumulative total return of 22.65% for the fiscal year through August 30, 2024
- Annualized current distribution rate of 6.72% as a percentage of NAV
- 80% of the current distribution is classified as return of capital
- 78% of the fiscal year-to-date distribution is classified as return of capital
- Fund has distributed more than its income and net realized capital gains
OVERLAND PARK, KS / ACCESSWIRE / September 30, 2024 / This required notice under Section 19(a) of the Investment Company Act of 1940 provides stockholders of Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) with information regarding the sources of the distributions paid on Aug. 30, 2024, and cumulative distributions paid fiscal year-to-date.
The following table sets forth the estimated amounts of the current distributions, payable Sep. 30, 2024, and the cumulative distributions paid this fiscal year to date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains and return of capital. All amounts are expressed per common share.
Tortoise Power and Energy Infrastructure Fund, Inc.
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You should not draw any conclusions about TPZ's investment performance from the amount of this distribution or from the terms of TTP's and TPZ's distribution policies.
TPZ 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 TPZ is paid back to you. A return of capital distribution does not necessarily reflect TPZ'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 TPZ's investment experience during the remainder of their fiscal years and may be subject to changes based on tax regulations. TPZ 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.
Tortoise Capital Advisors is the adviser to the Tortoise Power and Energy Infrastructure Fund, Inc.
For additional information on these funds, please visit cef.tortoiseadvisors.com.
About Tortoise Capital
With approximately
positioned to be at the forefront of the global energy evolution that is under way. Based in Overland Park, Kansas, Tortoise Capital Advisors, L.L.C. is an SEC-registered fund manager that invests primarily in publicly traded companies in the energy and power infrastructure sectors-from production to transportation to distribution. For more information about Tortoise Capital, visit www.TortoiseAdvisors.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain statements that may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although the funds and Tortoise Capital Advisors believe that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the fund's reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, the funds and Tortoise Capital Advisors do not assume a duty to update this forward-looking statement.
Safe Harbor Statement
This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.
Media Contacts
Margaret Kirch Cohen/Richard Chimberg
Newton Park PR
+1 847-507-2229
+1 617-312-4281
margaret@newtonparkpr.com
rich@newtonparkpr.com
SOURCE: Tortoise Capital
View the original press release on accesswire.com
FAQ
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