Welcome to our dedicated page for Tortoise Electrification Infrastructure ETF news (Ticker: TPZ), a resource for investors and traders seeking the latest updates and insights on Tortoise Electrification Infrastructure ETF stock.
Tortoise Electrification Infrastructure ETF (TPZ) reports fund developments tied to its investment-policy realignment toward North American electrification infrastructure. News about TPZ covers the fund's evolution from the former Tortoise Power and Energy Infrastructure Fund, its December 2024 conversion from a closed-end fund to an ETF, and its focus on companies involved in power generation, transmission, distribution, and equipment supporting electricity demand.
Recurring updates also include distribution-policy changes, Section 19(a) notices describing estimated sources of distributions such as net investment income, realized gains, and return of capital, and adviser-related announcements from Tortoise Capital Advisors within the energy and infrastructure investment universe.
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Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) and Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) announced distributions paid on February 28, 2023. The current distribution for TTP is $0.5900 per share, sourced mainly from a 87% return of capital, while TPZ's current distribution is $0.1050, with 46% from return of capital. Year-to-date performance shows TTP with an average annual total return of -9.07% and TPZ at 1.17%. The cumulative fiscal year distributions as a percentage of NAV stand at 1.73% for TTP and 1.98% for TPZ.
Tortoise Power and Energy Infrastructure Fund (TPZ) announced the distribution information for its stockholders on January 31, 2023. The current distribution per common share is $0.1050, with the cumulative fiscal year-to-date distribution totaling $0.2100. The breakdown of the current distribution includes 20% from net investment income, 33% from net realized long-term capital gains, and 47% as a return of capital. The annualized current distribution rate is 8.28% based on NAV as of December 31, 2022. Shareholders are cautioned that some distributions may represent a return of capital rather than earnings.
Tortoise Power and Energy Infrastructure Fund (NYSE: TPZ) announced a distribution of $0.1050 per common share on December 30, 2022. The breakdown of this distribution includes 20% from net investment income, 7% from net realized long-term capital gains, and 73% as a return of capital. Cumulative distributions for the fiscal year to date are also reported at $0.1050 per share. The annualized current distribution rate based on NAV is 7.95%, while cumulative total return for the fiscal year is 14.37%. Investors should note that a portion of distributions may be a return of capital.
Summary not available.
Tortoise Pipeline & Energy Fund, Inc. (TTP) and Tortoise Power and Energy Infrastructure Fund, Inc. (TPZ) announced distributions as of November 30, 2022. TTP's current distribution totals $0.5900 per share, with 100% sourced from net realized long-term capital gains. Cumulative distributions for TTP fiscal year-to-date amount to $2.3600. TPZ's current distribution is $0.1050, with 67% from long-term capital gains, and $1.1700 cumulatively this fiscal year. Furthermore, TTP and TPZ are distributing more than their income, indicating potential returns of capital.
Tortoise Power and Energy Infrastructure Fund (NYSE:TPZ) announced a distribution of $0.1050 per common share on October 31, 2022, comprising various sources including net investment income and return of capital. The distribution includes 0.0197 from net investment income (19%), with a significant portion, 0.0853 or 81%, classified as return of capital. Cumulatively, distributions for the fiscal year to date total 1.0650 per share. The fund warns that returns may not reflect investment performance due to possible return of capital.
TortoiseEcofin announced the removal of Shell Midstream Partners, LP (XNYS:SHLX) from both the Tortoise MLP Index and the Tortoise North American Pipeline Index due to its merger with Shell USA. This removal will take effect at market open on October 19, 2022. The Tortoise MLP Index will undergo a special rebalancing in response to this corporate action, while the North American Pipeline Index will not.
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Tortoise Power and Energy Infrastructure Fund (NYSE: TPZ) provided a notice to stockholders regarding the distribution paid on September 30, 2022. The current distribution per common share is $0.1050, with a breakdown of sources including net investment income ($0.0203, 19%) and return of capital ($0.0847, 81%). Cumulative distributions for the fiscal year to date total $0.9600. The fund's annualized current distribution rate is 8.06% of NAV, while the average annual total return for the past five years is 0.63%. Investors are advised that a portion of the distribution may be a return of capital.