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.
The TPZ news page on Stock Titan aggregates coverage related to Tortoise Electrification Infrastructure ETF (TPZ) and its underlying strategy in power and energy infrastructure. Tortoise Capital Advisors, L.L.C., the fund’s adviser, regularly issues press releases that describe changes to TPZ’s investment policy, fund structure, and distribution practices, as well as broader commentary on electrification and energy infrastructure themes.
Recent news has highlighted TPZ’s realignment around the buildout of North American electrification infrastructure and a corresponding name change to Tortoise Electrification Infrastructure ETF. These updates include a focus on companies across the electricity value chain, such as regulated electric utilities, independent power producers, natural gas and midstream infrastructure, LNG-related assets, and manufacturers of electrical equipment and connectivity components, as described by the adviser.
Investors following TPZ-related news can also see announcements about the merger of three Tortoise closed-end funds into an actively managed ETF with TPZ as the surviving strategy. In addition, recurring Section 19(a) notices provide details on the estimated sources of TPZ’s distributions, including net investment income and return of capital, and explain how these distributions relate to the fund’s total-return orientation.
Because Tortoise Capital is active in index design and energy infrastructure research, TPZ news may appear alongside updates on Tortoise indices that track energy, pipelines, decarbonization infrastructure, and related segments. Monitoring this news stream can help readers understand how TPZ’s manager is positioning the fund within the evolving electrification and energy infrastructure landscape, as well as how changes in policy, structure, and distributions may affect the ETF’s profile over time.
Summary not available.
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.
Summary not available.
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.
Summary not available.
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.
Summary not available.
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.
Summary not available.