Tortoise Capital Advisors Announces 2017 Closed-End Fund Tax Characterization of Distributions & Release of Combined Annual R...
January 22 2018 - 7:42PM
Business Wire
Tortoise Capital Advisors today announced the tax
characterization of 2017 distributions paid to common stockholders
of:
Tortoise Energy Infrastructure Corp. (NYSE: TYG)Tortoise MLP
Fund, Inc. (NYSE: NTG)Tortoise Pipeline & Energy Fund, Inc.
(NYSE: TTP)Tortoise Energy Independence Fund, Inc. (NYSE:
NDP)Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:
TPZ)
2017 Tax Characterizationof
Distributions
MidstreamFocused
UpstreamFocused
EnergyValueChain
TYG
NTG
TTP
NDP
TPZ
Qualified Dividend Income 100% 72% 17% - 13% Ordinary
Dividend Income - - - - 56% Return of Capital - 28% 81% 100% 7%
Long-Term Capital Gain N/A N/A 2% - 24%
Additional information regarding the tax characterization of the
2017 distributions is available at www.tortoiseadvisors.com. A copy
of the information is also available upon request by calling (866)
362-9331.
Nothing contained herein or therein should be construed as tax
advice. Consult your tax advisor for more information. Furthermore,
you may not rely upon any information herein or therein for the
purpose of avoiding any penalties that may be imposed under the
Internal Revenue Code.
Annual Report
The adviser also announced today the release of the combined
2017 annual stockholders' report including all of these funds.
The annual report is available online at
www.tortoiseadvisors.com. Please call (866) 362-9331 or email
info@tortoiseadvisors.com to request a hard copy of this report
free of charge.
1st Quarter 2018 Energy Value Chain Conference
Call
Tortoise will host its first quarter 2018 conference call on
Jan. 24, 2018 at 3 p.m. Central to discuss the energy sector and
provide an update on the energy value chain and Tortoise’s
investment outlook.
Toll Free Dial-In Number: (877) 407-9210Replay Number: (877)
481-4010Replay ID: #21457 (available through Feb. 24, 2018)
About Tortoise Capital Advisors, L.L.C.
Tortoise Capital Advisors, L.L.C., is a registered investment
adviser specializing in essential assets investing. Essential
assets are those that are indispensable and necessary to the
functioning of our economy and our society as a whole, such as
education, healthcare, infrastructure and energy. As of Dec. 31,
2017, the adviser had approximately $20.2 billion of assets under
management in listed closed-end funds, mutual funds, private funds
and separate accounts. For more information, visit
www.tortoiseadvisors.com.
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 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 funds’ 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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20180122006702/en/
Tortoise Capital Advisors, L.L.C.Pam Kearney,
866-362-9331Investor Relationspkearney@tortoiseadvisors.com
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