TPZ

Tortoise Power & Energy Infrastructure Fund

TPZ

Market cap $123M

Overview Fund Activity

20.87 USD

-0.03

0.14%

At close Updated Sep 15, 4:00 PM EDT

1 day

-0.14%

5 days

3.11%

1 month

1.16%

3 months

3.57%

6 months

1.11%

Year to date

2.3%

1 year

14.23%

5 years

129.85%

10 years

4.87%

About: Tortoise Power & Energy Infra Fd Inc is a closed-ended fund. Its primary investment objective is to provide a high level of current income. Its secondary objective is capital appreciation. The company invests in a portfolio of fixed income and equity securities issued by power and energy infrastructure companies.

Financials Asset Management

0

Funds holding %

of 7,463 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

0.66% less ownership

Funds ownership: 33.96% [Q1] → 33.3% (-0.66%) [Q2]

5% less funds holding

Funds holding: 40 [Q1] → 38 (-2) [Q2]

10% less capital invested

Capital invested by funds: $55M [Q1] → $49.6M (-$5.31M) [Q2]

25% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 4

33% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 15

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Financial journalist opinion

TPZ: A Solid Option To Invest In The Energy Infrastructure

TPZ offers strong exposure to energy infrastructure, with solid recent performance and a balanced split between natural gas and power assets. Despite higher fees and lower liquidity than peers, TPZ's active management has outperformed in the last three years, though not over longer periods. Combining TPZ with MLPX provides diversification, lowers average fees, and improves liquidity by blending active and passive strategies.

TPZ: A Solid Option To Invest In The Energy Infrastructure

Buy, Baby, Buy: My 12 Favorite Energy Stocks For What's Next

Energy stocks are proving their strength, outperforming the market despite oil price stagnation. Structural shifts, deglobalization, and inflation favor long-term upside. Shale growth is slowing, and oil companies are prioritizing cash flow over expansion. With rising costs, $70 oil is the new $50, limiting U.S. production at lower prices. Uncertainty in policy and tariffs adds pressure, but I see oil stabilizing near $90 long term. My top energy picks remain strong plays for income and capital appreciation.

Buy, Baby, Buy: My 12 Favorite Energy Stocks For What's Next

Tortoise Capital Announces 2024 Closed-End Fund Tax Characterization of Distributions and Release of Combined Annual Report

Tortoise Energy Infrastructure Corp. (NYSE:TYG) Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) Tortoise Energy Independence Fund, Inc. (NYSE:NDP) Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) OVERLAND PARK, KS / ACCESS Newswire / January 30, 2025 / Tortoise Capital today announced the tax characterization of 2024 distributions paid to common stockholders of each of the funds listed below: 2024 Tax Characterization of Distributions TYG NTG TTP NDP TPZ TEAF Qualified Dividend Income 20 % 12 % 13 % 15 % 17 % 10 % Ordinary Dividend Income 4 % 0 % 0 % 0 % 5 % 60 % Return of Capital 76 % 88 % 87 % 85 % 78 % 30 % Long-Term Capital Gain 0 % 0 % 0 % 0 % 0 % 0 % Additional information regarding the tax characterization of the 2024 distributions is available at www.TortoiseAdvisors.com. A copy of the information is also available upon request by calling (866) 362-9331.

Tortoise Capital Announces 2024 Closed-End Fund Tax Characterization of Distributions and Release of Combined Annual Report

Tortoise Capital Converts Closed-End Funds Into Active Energy ETF

Today, Tortoise Capital Advisors began the holiday week by merging three closed-end funds into a singular active ETF. The three closed-end funds that were merged are the Tortoise Power and Energy Infrastructure Fund, Inc. (TPZ), Tortoise Pipeline & Energy Fund, Inc. (TTP), and Tortoise Energy Independence Fund, Inc. (NDP).

Tortoise Capital Converts Closed-End Funds Into Active Energy ETF

Tortoise Capital Announces Shareholder Approval of Closed-End Fund Mergers and Conversion to Actively Managed ETF

OVERLAND PARK, Kan., Dec. 5, 2024 /PRNewswire/ -- Tortoise Capital Advisors, L.L.C. (Tortoise Capital), a fund manager focused on energy investing, today announced it received shareholder approval of two strategic fund merger proposals involving closed-end funds and the conversion to an actively managed ETF. These changes align with the firm's commitment to providing innovative investment solutions that are intended to enhance shareholder value and operational efficiency. Subject to the satisfaction of certain customary closing conditions, Tortoise Capital expects the mergers and ETF conversion to become effective, and trading of the merged funds will cease, before the market opens on Dec. 23, 2024.

Tortoise Capital Announces Shareholder Approval of Closed-End Fund Mergers and Conversion to Actively Managed ETF

Tortoise Pipeline & Energy Fund, Inc. and Tortoise Power and Energy Infrastructure Fund, Inc. Provide Section 19(a) Notice

OVERLAND PARK, KS / ACCESSWIRE / November 29, 2024 / This required notice under Section 19(a) of the Investment Company Act of 1940 provides stockholders of Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) and Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) with information regarding the sources of the distributions paid on Nov. 29, 2024, and cumulative distributions paid fiscal year-to-date. The following table sets forth the estimated amounts of the current distributions, payable Nov. 29, 2024, and the cumulative distributions paid this fiscal year to date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains and return of capital.

Tortoise Pipeline & Energy Fund, Inc. and Tortoise Power and Energy Infrastructure Fund, Inc. Provide Section 19(a) Notice

Tortoise Capital Announces Closed-End Fund Distributions

Distribution Amounts and Dates Declared for: Tortoise Energy Infrastructure Corp. (NYSE:TYG) Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) Tortoise Energy Independence Fund, Inc. (NYSE:NDP) Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) OVERLAND PARK, KS / ACCESSWIRE / November 4, 2024 / Tortoise Capital announced distributions declared by its closed-end funds. Tortoise Capital closed-end funds distribution details are as follows: Fund Ticker Distribution Amount Distribution Target of Average NAV Distribution Frequency Tortoise Energy Infrastructure Corp. TYG $0.78 7%-10% Quarterly Tortoise Midstream Energy Fund, Inc. NTG $0.81 7%-10% Quarterly Tortoise Pipeline & Energy Fund, Inc. TTP $0.59 7%-10% Quarterly Tortoise Energy Independence Fund, Inc. NDP $0.63 7%-10% Quarterly Tortoise Power and Energy Infrastructure Fund, Inc. TPZ $0.105 7%-10% Monthly Tortoise Sustainable and Social Impact Term Fund TEAF $0.09 6%-8% Monthly TYG, NTG, TTP, NDP and TPZ distributions are payable on Nov. 29, 2024, to shareholders of record on Nov. 22, 2024.

Tortoise Capital Announces Closed-End Fund Distributions

Tortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of October 31, 2024, for TYG, NTG, TTP, NDP, TPZ and TEAF

OVERLAND PARK, KS / ACCESSWIRE / November 1, 2024 / Tortoise Capital today announced the following unaudited balance sheet information and asset coverage ratio updates for closed-end funds TYG, NTG, TTP, NDP, TPZ and TEAF. Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of Oct. 31, 2024, the company's unaudited total assets were approximately $615.4 million and its unaudited net asset value was $492.6 million, or $45.76 per share.

Tortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of October 31, 2024, for TYG, NTG, TTP, NDP, TPZ and TEAF

Tortoise Power and Energy Infrastructure Fund, Inc. Provides Section 19(a) Notice

OVERLAND PARK, KS / ACCESSWIRE / October 31, 2024 / This required notice under Section 19(a) of the Investment Company Act of 1940 provides stockholders of Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) with information regarding the sources of the distributions paid on Oct. 31, 2024, and cumulative distributions paid fiscal year-to-date. The following table sets forth the estimated amounts of the current distributions, payable Oct. 31, 2024, and the cumulative distributions paid this fiscal year to date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains and return of capital.

Tortoise Power and Energy Infrastructure Fund, Inc. Provides Section 19(a) Notice

Tortoise Power and Energy Infrastructure Fund, Inc. (TPZ) Declares Monthly Distribution

OVERLAND PARK, KS / ACCESSWIRE / October 10, 2024 / Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) today declared the October monthly distribution of $0.105 per share payable on Oct. 31, 2024, to shareholders of record on Oct. 24, 2024. You should not draw any conclusions about TPZ's investment performance from the amount of this distribution or from the terms of TPZ's distribution policy.

Tortoise Power and Energy Infrastructure Fund, Inc. (TPZ) Declares Monthly Distribution

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