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Tortoise Power and Energy Infrastructure (TPZ) provides essential investment solutions bridging traditional energy infrastructure and sustainable development. This news hub offers investors and stakeholders timely updates on the company's strategic initiatives across energy markets and decarbonization projects.
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On August 31, 2021, Tortoise Pipeline & Energy Fund (NYSE:TTP) and Tortoise Power and Energy Infrastructure Fund (NYSE:TPZ) announced distribution details for the fiscal year-to-date. TTP's current distribution is $0.3700 per share, entirely from return of capital, while its year-to-date distribution totals $0.6900. TPZ reported a current distribution of $0.0600 per share, with 38% from net investment income and a year-to-date total of $0.4600. Both funds noted that they might have distributed more than their income and capital gains, indicating returns of capital to investors.
The Tortoise Power and Energy Infrastructure Fund (NYSE: TPZ) announced a distribution payment slated for July 30, 2021. The current distribution is estimated at $0.0500 per common share. This distribution comprises net investment income, short-term capital gains, and a return of capital, with 43% from net investment income and 56% from return of capital. Cumulatively, for the fiscal year to date, distributions total $0.4000 per share. Investors are cautioned that a significant part of distributions may be a return of capital, impacting taxable income.
Tortoise Power and Energy Infrastructure Fund (TPZ) announced the distribution details for June 30, 2021. The current distribution per share is $0.0500, consisting of 43% net investment income, 57% return of capital, with no capital gains reported. Cumulative distributions for the fiscal year to date total $0.3500, sourced similarly. The annualized current distribution rate based on NAV is 3.82%. TPZ has distributed more than its income, indicating a potential return of capital. Actual amounts will be reported in Form 1099-DIV.
Tortoise Power and Energy Infrastructure Fund (NYSE:TPZ) announced the payment of distributions on April 30, 2021, amounting to $0.0500 per common share. The current distribution consists of 43% from net investment income and 57% from net realized short-term capital gains, totaling cumulative distributions for the fiscal year at $0.2500. The average annual total return for the last five years stands at 2.63%, while the annualized current distribution rate is 4.09% based on NAV as of March 31, 2021. Shareholders should note that distribution amounts may vary for tax reporting purposes.
Tortoise Power and Energy Infrastructure Fund (NYSE:TPZ) announced distributions paid on March 31, 2021, totaling $0.0500 per common share. The breakdown of this distribution consists of Net Investment Income ($0.0228), Net Realized Short-Term Capital Gains ($0.0272), with no contributions from long-term capital gains or return of capital. Cumulative distributions for the fiscal year-to-date amount to $0.2000. The fund reported an average annual total return of 4.42% over five years and a current distribution rate of 4.16% based on net asset value.
On February 26, 2021, Tortoise Pipeline & Energy Fund (TTP) and Tortoise Power and Energy Infrastructure Fund (TPZ) announced their distribution payments. The current distribution for TTP is $0.1600 per share, sourced entirely from net realized short-term capital gains. Cumulatively, TTP's distributions this fiscal year amount to $0.1600 per share. In comparison, TPZ reported a current distribution of $0.0500 per share, with a breakdown of 47% from net investment income and 53% from net realized short-term capital gains, totaling $0.1500 for this fiscal year.
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