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 (TTP) and Tortoise Power and Energy Infrastructure Fund (TPZ) provided an update on their distributions as of August 31, 2022. TTP's current distribution amounts to $0.5900 per share, with a significant portion classified as a return of capital (100%). For TPZ, the current distribution is $0.1050 per share, also primarily a return of capital (100%). The funds reported average annual total returns of -10.11% for TTP and -0.20% for TPZ over five years, while TTP's current distribution rate stands at 6.90% and TPZ's at 8.06%.
The Tortoise Power and Energy Infrastructure Fund (NYSE:TPZ) announced a distribution payment on July 29, 2022, totaling $0.1050 per common share.
This distribution is comprised of net investment income (19%), return of capital (81%), and no capital gains. Cumulative distributions for the fiscal year to date reached $0.7500 per share.
The fund's average annual total return over five years is -1.61%, while its current distribution rate is 8.79% of NAV.
Investors should note that a portion of the distribution may constitute a return of capital.
Summary not available.
Tortoise Power and Energy Infrastructure Fund (NYSE:TPZ) announced its distribution amounting to $0.1050 per share, paid on June 30, 2022. This distribution comprises net investment income (19%), return of capital (81%), and no capital gains. Fiscal year-to-date, total cumulative distributions stand at $0.6450 per share, with 24% from net investment income and 76% from return of capital. Caution is advised as a portion of the distribution may return capital, not reflective of performance. Tortoise emphasizes that actual amounts for tax reporting may vary.
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Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) and Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) announced their distributions for May 31, 2022. TTP's current distribution is $0.5900 per share, consisting of 8% net investment income and a 92% return of capital. Cumulatively, TTP has paid $1.1800 this fiscal year, with 10% from investment income.
For TPZ, the current distribution is $0.1050 per share, with 21% from net investment income and 79% as a return of capital, totaling $0.5400 cumulatively this fiscal year.
Tortoise Power and Energy Infrastructure Fund (NYSE:TPZ) announced a distribution of $0.1050 per share on April 29, 2022. The current distribution comprises 20% from net investment income, and 80% from return of capital. Cumulative distributions for the fiscal year to date total $0.4350 per share, with 24% from net investment income and 76% from return of capital. The fund has an annualized current distribution rate of 7.68% as of March 31, 2022. It is estimated that TPZ has distributed more than its income and realized gains, indicating a portion as a return of capital.
Summary not available.
Tortoise Power and Energy Infrastructure Fund (NYSE: TPZ) provided an update regarding its distribution paid on March 31, 2022, totaling $0.1050 per common share. The distribution sources included net investment income (20%), return of capital (80%), and no realized capital gains. For the fiscal year to date, cumulative distributions reached $0.3300, with 25% from net investment income and 75% from return of capital. The report cautioned that these distributions do not reflect overall investment performance.