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.
Summary not available.
This press release informs stockholders of Tortoise Pipeline & Energy Fund (TTP) and Tortoise Power and Energy Infrastructure Fund (TPZ) about their distributions paid on February 28, 2022. TTP pays a total distribution of $0.5900 per share, with 21% from net investment income and 79% as a return of capital. TPZ pays a total distribution of $0.1050 per share, with 28% from net investment income and 72% as a return of capital. Cumulative total returns for the fiscal year were 12.02% for TTP and 5.98% for TPZ. Distributions may not reflect the funds' investment performance.
The Tortoise Power and Energy Infrastructure Fund (TPZ) announced a current distribution of $0.0600 per common share, payable on January 31, 2022. The cumulative distribution for the fiscal year to date is $0.1200 per common share. The distribution consists of 33% net investment income and 67% return of capital. TPZ cautions that portions of distributions may be returns of capital and do not reflect investment performance. The fund's average annual return over five years is -1.75%, while the annualized current distribution rate is 4.68% of NAV.
Summary not available.
The press release from Tortoise Power and Energy Infrastructure Fund (NYSE: TPZ) announces a distribution of $0.0600 per common share, payable on December 31, 2021. This total distribution consists of $0.0179 from net investment income, $0.0421 from return of capital, with no contributions from short- or long-term capital gains. The fund's cumulative distribution year-to-date also stands at $0.0600. The average annual total return for the past five years is reported at -1.57%, while the cumulative return for the fiscal year is 21.96%.
Summary not available.
This notice informs stockholders of Tortoise Pipeline & Energy Fund, Inc. (NYSE: TTP) and Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ) about distributions paid on November 30, 2021. TTP's current distribution per share is $0.3700, while TPZ's is $0.0600. Notably, TTP's distribution includes 91% return of capital, while TPZ's is 34%. Cumulative distributions for TTP are $1.0600 (100% return of capital) and for TPZ $0.6400 (100% return of capital) fiscal year-to-date. The release indicates potential returns of capital may not correlate with funds' investment performance.
Tortoise Power and Energy Infrastructure Fund (NYSE:TPZ) announced a distribution of $0.0600 per common share, payable on October 29, 2021. The cumulative distribution for the fiscal year to date is reported at $0.5800. The distribution breakdown includes 37% from net investment income, 0% from short-term capital gains, 11% from long-term capital gains, and 52% as a return of capital. The average annual total return over the past five years is -1.10%. The report emphasizes that a portion of the distributions may be a return of capital and not indicative of performance.
Summary not available.
The Tortoise Power and Energy Infrastructure Fund (NYSE: TPZ) announced a distribution of $0.0600 per common share payable on September 30, 2021. This total includes $0.0221 from net investment income (37%), $0.0000 from net realized short-term capital gains (0%), $0.0067 from net realized long-term capital gains (11%), and a significant return of capital of $0.0312 (52%). The cumulative distribution for the fiscal year to date is $0.5200, which includes a 4.68% annualized current distribution rate based on NAV as of August 31, 2021.