Tortoise Pipeline & Energy Fund, Inc. Provides Section 19(a) Notice
November 30 2015 - 5:39PM
Business Wire
This notice provides stockholders of Tortoise Pipeline &
Energy Fund, Inc. (NYSE: TTP) with information regarding the
distribution paid on Nov. 30, 2015 and cumulative distributions
paid fiscal year-to-date.
The following table sets forth the estimated amounts of the
current distribution, payable Nov. 30, 2015, 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.
Estimated Sources of
Distributions
($) CurrentDistribution
% Breakdownof the
CurrentDistribution
($) Total CumulativeDistributions for
theFiscal Year to Date
% Breakdown of theTotal
CumulativeDistributions for theFiscal Year to Date
Net Investment Income 0.0977 22 % 0.3403 18 % Net Realized
Short-Term Capital Gains 0.0069 1 % 0.0057 0 % Net Realized
Long-Term Capital Gains 0.2456 55 % 1.3882 71 % Return of Capital
0.0998 22 %
0.2158 11 % Total (per
common share) 0.4500 100 % 1.9500 100 % Average annual total
return (in relation to NAV) from commencement of operations through
10/31/2015 4.89 % Annualized current distribution rate expressed as
a percentage of NAV as of 10/31/2015 7.89 % Cumulative total
return (in relation to NAV) for the fiscal year through 10/31/2015
-30.99 % Cumulative fiscal year distributions as a percentage of
NAV as of 10/31/2015 8.55 %
You should not draw any conclusions about TTP's investment
performance from the amount of this distribution or from the terms
of TTP's distribution policy.
TTP 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 TTP is paid back to you. A return of capital distribution does
not necessarily reflect TTP’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 TTP's investment experience during the
remainder of its fiscal year and may be subject to changes based on
tax regulations. TTP 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.
About Tortoise Pipeline & Energy Fund, Inc.
Tortoise Pipeline & Energy Fund, Inc. (NYSE: TTP) is a
non-diversified, closed-end management investment company that
seeks to obtain a high level of total return with an emphasis on
current distributions. TTP invests primarily in equity securities
of pipeline companies that transport natural gas, natural gas
liquids (NGLs), crude oil and refined products and, to a lesser
extent, in other energy infrastructure companies.
About Tortoise Capital Advisors, L.L.C.
Tortoise Capital Advisors, L.L.C. is an investment manager
specializing in energy investments. As of Oct. 31, 2015, the
adviser had approximately $14.6 billion of assets under management
in NYSE-listed mutual and closed-end funds, private funds and
separate accounts. For more information, visit
www.tortoiseadvisors.com.
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.
Forward-looking statement
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 company 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 company’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 company and Tortoise Capital Advisors do not assume a
duty to update this forward-looking statement.
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version on businesswire.com: http://www.businesswire.com/news/home/20151130006373/en/
Tortoise Capital Advisors, L.L.C.Pam Kearney,
866-362-9331Investor Relationspkearney@tortoiseadvisors.com
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