Welcome to our dedicated page for Tortoise Pipeline & Energy Fund news (Ticker: $TTP), a resource for investors and traders seeking the latest updates and insights on Tortoise Pipeline & Energy Fund stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Tortoise Pipeline & Energy Fund's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Tortoise Pipeline & Energy Fund's position in the market.
On May 31, 2024, Tortoise Pipeline & Energy Fund (NYSE:TTP) and Tortoise Power and Energy Infrastructure Fund (NYSE:TPZ) issued a Section 19(a) notice regarding their distributions. TTP's current distribution is $0.5900 per share, primarily consisting of a 67% return of capital. Cumulative distributions for the fiscal year total $1.1800 per share, with an 80% return of capital. TPZ's current distribution is $0.1050 per share, with a 69% return of capital. Cumulative distributions for TPZ are $0.6300 per share, with a 75% return of capital.
The funds have distributed more than their income and capital gains, indicating that a portion of the distribution is a return of capital. This should not be confused with yield or income, and actual amounts may differ for tax reporting purposes.
For the 5-year period ending April 30, 2024, TTP had an average annual total return of -3.77%, while TPZ had a 5.08% return. Current distribution rates, as of April 30, 2024, were 6.81% for TTP and 7.22% for TPZ.