Tortoise

Tortoise Announces Distribution Amounts and Dates for TTP, TPZ and TEAF

Wednesday, August 5, 2020 - 10:37pm

The Tortoise Pipeline & Energy Fund, Inc. (NYSE: TTP) quarterly distribution is payable on August 31, 2020 to stockholders of record on August 24, 2020.

Key Points: 
  • The Tortoise Pipeline & Energy Fund, Inc. (NYSE: TTP) quarterly distribution is payable on August 31, 2020 to stockholders of record on August 24, 2020.
  • The Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ) August monthly distribution is payable on August 31, 2020 to shareholders of record on August 24, 2020.
  • TTP and TPZ estimate that they have distributed more than their income and net realized capital gains; therefore, a portion of the distribution may be return of capital.
  • is the adviser to Tortoise Pipeline & Energy Fund, Inc., Tortoise Power and Energy Infrastructure Fund, Inc. and Tortoise Essential Assets Income Term Fund.

Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of July 31, 2020 for TYG, NTG, TTP, NDP, TPZ and TEAF

Monday, August 3, 2020 - 11:51pm

Tortoise invests in essential assets those assets and services that are indispensable to the economy and society.

Key Points: 
  • Tortoise invests in essential assets those assets and services that are indispensable to the economy and society.
  • With a steady wins approach and a long-term perspective, Tortoise strives to make a positive impact on clients and communities.
  • is the Adviser to Tortoise Energy Infrastructure Corp., Tortoise Midstream Energy Fund, Inc., Tortoise Pipeline & Energy Fund, Inc., Tortoise Energy Independence Fund, Inc., Tortoise Power and Energy Infrastructure Fund, Inc. and Tortoise Essential Assets Income Term Fund.
  • Other than as required by law, the funds and Tortoise Capital Advisors do not assume a duty to update this forward-looking statement.

Tortoise Power and Energy Infrastructure Fund, Inc. Provides Section 19(a) Notice

Friday, July 31, 2020 - 10:00pm

A return of capital distribution does not necessarily reflect TPZs investment performance and should not be confused with "yield" or "income."

Key Points: 
  • A return of capital distribution does not necessarily reflect TPZs investment performance and should not be confused with "yield" or "income."
  • With a steady wins approach and a long-term perspective, Tortoise strives to make a positive impact on clients and communities.
  • Tortoise Capital Advisors is the Adviser to the Tortoise Power and Energy Infrastructure Fund, Inc.
  • Other than as required by law, the funds and Tortoise Capital Advisors do not assume a duty to update this forward-looking statement.

Tortoise Releases TSIFX Quarterly Commentary Piece

Monday, July 20, 2020 - 4:47pm

Tortoise announces the release of its Tortoise Tax-Advantaged Social Infrastructure Fund (NASDAQ: TSIFX) quarterly commentary piece.

Key Points: 
  • Tortoise announces the release of its Tortoise Tax-Advantaged Social Infrastructure Fund (NASDAQ: TSIFX) quarterly commentary piece.
  • A copy of the commentary piece is available here .
  • Tortoise invests in essential assets those assets and services that are indispensable to the economy and society.
  • With a steady wins approach and a long-term perspective, Tortoise strives to make a positive impact on clients and communities.

Tortoise Announces the Reinstatement of Distributions and Share Repurchase Program for Certain Closed-End Funds

Wednesday, July 8, 2020 - 11:45am

Tortoise today announced that the Board has authorized the reinstatement of distributions and a share repurchase program for certain closed-end funds.

Key Points: 
  • Tortoise today announced that the Board has authorized the reinstatement of distributions and a share repurchase program for certain closed-end funds.
  • Additionally, we are implementing a share repurchase program effective through December 31, 2020, for TYG, NTG and Tortoise Pipeline & Energy Fund, Inc. (NYSE: TTP).
  • The share purchase program will follow Rule 10b-18 requirements, and there is no assurance that the Funds will repurchase shares in any amount.
  • Other than as required by law, the funds and Tortoise Capital Advisors do not assume a duty to update this forward-looking statement.

Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of June 30, 2020 for TYG, NTG, TTP, NDP, TPZ and TEAF

Thursday, July 2, 2020 - 2:51am

Tortoise invests in essential assets those assets and services that are indispensable to the economy and society.

Key Points: 
  • Tortoise invests in essential assets those assets and services that are indispensable to the economy and society.
  • With a steady wins approach and a long-term perspective, Tortoise strives to make a positive impact on clients and communities.
  • is the Adviser to Tortoise Energy Infrastructure Corp., Tortoise Midstream Energy Fund, Inc., Tortoise Pipeline & Energy Fund, Inc., Tortoise Energy Independence Fund, Inc., Tortoise Power and Energy Infrastructure Fund, Inc. and Tortoise Essential Assets Income Term Fund.
  • Tortoise Advisors UK Limited is a subadvisor to Tortoise Essential Assets Income Term Fund.

Tortoise Power and Energy Infrastructure Fund, Inc. Provides Section 19(a) Notice

Tuesday, June 30, 2020 - 10:00pm

A return of capital distribution does not necessarily reflect TPZs investment performance and should not be confused with "yield" or "income."

Key Points: 
  • A return of capital distribution does not necessarily reflect TPZs investment performance and should not be confused with "yield" or "income."
  • With a steady wins approach and a long-term perspective, Tortoise strives to make a positive impact on clients and communities.
  • Tortoise Capital Advisors is the Adviser to the Tortoise Power and Energy Infrastructure Fund, Inc.
  • Other than as required by law, the funds and Tortoise Capital Advisors do not assume a duty to update this forward-looking statement.

Tortoise Announces Expected Constituent Change Due to Corporate Action Activity

Saturday, June 27, 2020 - 4:14am

Tortoise invests in essential assets those assets and services that are indispensable to the economy and society.

Key Points: 
  • Tortoise invests in essential assets those assets and services that are indispensable to the economy and society.
  • With a steady wins approach and a long-term perspective, Tortoise strives to make a positive impact on clients and communities.
  • The Tortoise Global Digital Payments Infrastructure IndexSM represents the existing global digital payments landscape.
  • The index mentioned above is the exclusive property of Tortoise Index Solutions, LLC and is calculated by Solactive AG (Solactive).

Tortoise Announces Expected Constituent Changes Due to Merger and Acquisition Activity

Monday, June 15, 2020 - 10:15pm

For Tortoise MLP Index (TMLP), should the EQM merger be approved, the removal of EQM from the index will trigger a special rebalancing.

Key Points: 
  • For Tortoise MLP Index (TMLP), should the EQM merger be approved, the removal of EQM from the index will trigger a special rebalancing.
  • For Tortoise North American Pipeline IndexSM (TNAP), should the EQM merger be approved, EQM will be removed from the index, but will not require a special rebalancing.
  • Tortoise invests in essential assets those assets and services that are indispensable to the economy and society.
  • With a steady wins approach and a long-term perspective, Tortoise strives to make a positive impact on clients and communities.

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

Friday, June 12, 2020 - 9:30pm

This notice provides stockholders of Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ) with updated information from the distribution announcement of May 7, 2020.

Key Points: 
  • This notice provides stockholders of Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ) with updated information from the distribution announcement of May 7, 2020.
  • The record date for the June distribution is June 23, 2020 and the payable date is June 30, 2020.
  • You should not draw any conclusions about TPZs investment performance from the amount of this distribution or from the terms of TPZs distribution policy.
  • is the adviser to Tortoise Power and Energy Infrastructure Fund, Inc.
    Tortoise invests in essential assets those assets and services that are indispensable to the economy and society.