Tortoise Power and Energy Infrastructure Fund, Inc. Provides Section 19(a) Notice
Tortoise Power and Energy Infrastructure Fund (NYSE:TPZ) has released its Section 19(a) notice detailing the sources of distributions paid on October 31, 2024. The current distribution of $0.1050 per share comprises 16% from net investment income and 84% from return of capital. The fund's performance metrics show an average annual total return of 7.69% for the five years ending September 30, 2024, and a cumulative total return of 23.09% for the fiscal year through September 30, 2024. The annualized distribution rate stands at 6.73% of NAV.
Il Tortoise Power and Energy Infrastructure Fund (NYSE:TPZ) ha rilasciato il suo avviso di Sezione 19(a) che dettaglia le fonti delle distribuzioni pagate il 31 ottobre 2024. La distribuzione attuale di $0.1050 per azione 猫 composta per il 16% da reddito netto da investimenti e per l'84% da restituzione di capitale. Le metriche di performance del fondo mostrano un rendimento annuale totale medio del 7,69% per i cinque anni terminati il 30 settembre 2024, e un rendimento totale cumulativo del 23,09% per l'anno fiscale fino al 30 settembre 2024. Il tasso di distribuzione annualizzato 猫 del 6,73% del NAV.
El Tortoise Power and Energy Infrastructure Fund (NYSE:TPZ) ha publicado su aviso de Secci贸n 19(a) detallando las fuentes de las distribuciones pagadas el 31 de octubre de 2024. La distribuci贸n actual de $0.1050 por acci贸n se compone en un 16% de ingresos netos de inversiones y en un 84% de devoluci贸n de capital. Las m茅tricas de rendimiento del fondo muestran un rendimiento total promedio anual del 7.69% para los cinco a帽os que terminan el 30 de septiembre de 2024, y un rendimiento total acumulado del 23.09% para el a帽o fiscal hasta el 30 de septiembre de 2024. La tasa de distribuci贸n anualizada se sit煤a en el 6.73% del NAV.
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Le Tortoise Power and Energy Infrastructure Fund (NYSE:TPZ) a publi茅 son avis de Section 19(a) d茅taillant les sources des distributions vers茅es le 31 octobre 2024. La distribution actuelle de $0.1050 par action se compose de 16 % de revenus nets d'investissement et de 84 % de retour de capital. Les indicateurs de performance du fonds montrent un rendement total annuel moyen de 7,69 % pour les cinq ans se terminant le 30 septembre 2024, et un rendement total cumul茅 de 23,09 % pour l'exercice jusqu'au 30 septembre 2024. Le taux de distribution annualis茅 s'茅l猫ve 脿 6,73 % de la valeur liquidative (NAV).
Der Tortoise Power and Energy Infrastructure Fund (NYSE:TPZ) hat seine Mitteilung gem盲脽 Abschnitt 19(a) ver枚ffentlicht, in der die Quellen der am 31. Oktober 2024 gezahlten Aussch眉ttungen detailliert beschrieben werden. Die aktuelle Aussch眉ttung von $0.1050 pro Aktie setzt sich zu 16% aus Nettoeink眉nften aus Investitionen und zu 84% aus Kapitalr眉ckfl眉ssen zusammen. Die Leistungskennzahlen des Fonds zeigen eine durchschnittliche j盲hrliche Gesamtrendite von 7,69% f眉r die f眉nf Jahre, die am 30. September 2024 enden, sowie eine kumulative Gesamtrendite von 23,09% f眉r das Haushaltsjahr bis zum 30. September 2024. Der annualisierte Aussch眉ttungssatz betr盲gt 6,73% des NAV.
- Five-year average annual total return of 7.69%
- Strong fiscal year cumulative total return of 23.09%
- Consistent distribution rate of 6.73% of NAV
- 84% of current distribution consists of return of capital rather than earnings
- Fund is distributing more than its income and realized capital gains
Insights
This routine Section 19(a) notice details TPZ's distribution characteristics without presenting material changes to the fund's strategy or performance. The key metrics show an average 5-year return of
The fund's fiscal year-to-date performance shows a strong total return of
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. All amounts are expressed per common share.
Tortoise Power and Energy Infrastructure Fund, Inc.
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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 policies.
TPZ estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in TPZ is paid back to you. A return of capital distribution does not necessarily reflect TPZ's investment performance and should not be confused with "yield" or "income."
The amounts and sources of distributions reported are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon TPZ's investment experience during the remainder of their fiscal years and may be subject to changes based on tax regulations. TPZ will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
Tortoise Capital Advisors is the adviser to the Tortoise Power and Energy Infrastructure Fund, Inc.
For additional information on this fund, please visit .
About Tortoise Capital
With approximately
Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain statements that may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although the funds and Tortoise Capital Advisors believe that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the fund's reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, the funds and Tortoise Capital Advisors do not assume a duty to update this forward-looking statement.
Safe Harbor Statement
This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.
Media Contacts
Margaret Kirch Cohen/Richard Chimberg
Newton Park PR
+1 847-507-2229
+1 617-312-4281
[email protected]
[email protected]
SOURCE: Tortoise Capital
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FAQ
What is TPZ's current distribution amount per share for October 31, 2024?
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What percentage of TPZ's current distribution comes from return of capital?
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