Tortoise Pipeline & Energy Fund, Inc. Provides Section 19(a) Notice
Tortoise Pipeline & Energy Fund (NYSE:TTP) has announced its Section 19(a) notice regarding distributions paid on December 13, 2024. The current distribution of $0.1750 per share consists of $0.0550 (31%) from net investment income and $0.1200 (69%) from return of capital. The fund reported an average annual total return of 3.30% for the five years ending October 31, 2024, and a cumulative total return of 39.34% for the fiscal year through October 31, 2024. The annualized current distribution rate is 0.38% of NAV.
Il Tortoise Pipeline & Energy Fund (NYSE:TTP) ha annunciato il suo avviso ai sensi della Sezione 19(a) riguardante le distribuzioni pagate il 13 dicembre 2024. L'attuale distribuzione di $0.1750 per azione consiste in $0.0550 (31%) da reddito da investimento netto e $0.1200 (69%) da restituzione di capitale. Il fondo ha registrato un ritorno totale annuo medio del 3.30% per i cinque anni conclusi il 31 ottobre 2024, e un ritorno totale cumulativo del 39.34% per l'anno fiscale che termina il 31 ottobre 2024. Il tasso di distribuzione attuale annualizzato 猫 dello 0.38% del NAV.
El Tortoise Pipeline & Energy Fund (NYSE:TTP) ha comunicado su aviso de la Secci贸n 19(a) sobre las distribuciones pagadas el 13 de diciembre de 2024. La distribuci贸n actual de $0.1750 por acci贸n se compone de $0.0550 (31%) de ingresos netos de inversi贸n y $0.1200 (69%) de devoluci贸n de capital. El fondo report贸 un retorno total anual promedio del 3.30% durante los cinco a帽os hasta el 31 de octubre de 2024, y un retorno total acumulado del 39.34% durante el a帽o fiscal que finaliza el 31 de octubre de 2024. La tasa de distribuci贸n actual anualizada es del 0.38% del NAV.
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Le Tortoise Pipeline & Energy Fund (NYSE:TTP) a annonc茅 son avis en vertu de la section 19(a) concernant les distributions vers茅es le 13 d茅cembre 2024. La distribution actuelle de $0.1750 par action se compose de $0.0550 (31%) provenant des revenus nets d'investissement et de $0.1200 (69%) provenant du remboursement de capital. Le fonds a enregistr茅 un renvoi total annuel moyen de 3.30% sur les cinq ann茅es se terminant le 31 octobre 2024, et un renvoi total cumul茅 de 39.34% pour l'exercice se terminant le 31 octobre 2024. Le taux de distribution actuel annualis茅 est de 0.38% de la NAV.
Der Tortoise Pipeline & Energy Fund (NYSE:TTP) hat seine Mitteilung gem盲脽 Abschnitt 19(a) 眉ber die am 13. Dezember 2024 gezahlten Aussch眉ttungen bekannt gegeben. Die derzeitige Aussch眉ttung von $0.1750 pro Aktie setzt sich aus $0.0550 (31%) aus netto Ertr盲ge aus Investitionen und $0.1200 (69%) aus Kapitalr眉ckzahlung zusammen. Der Fonds berichtete 眉ber eine durchschnittliche j盲hrliche Gesamtrendite von 3.30% f眉r die f眉nf Jahre bis zum 31. Oktober 2024 und eine kumulative Gesamtrendite von 39.34% f眉r das Fiskaljahr bis zum 31. Oktober 2024. Die annualisierte aktuelle Aussch眉ttungsquote betr盲gt 0.38% des NAV.
- Cumulative total return of 39.34% for fiscal year through October 31, 2024
- Positive net investment income contribution of $0.0550 per share (31%) to distribution
- 69% of current distribution represents return of capital, not actual earnings
- Low annualized distribution rate of 0.38% relative to NAV
- Modest 5-year average annual return of 3.30%
Insights
This 19(a) notice reveals important distribution details for TTP shareholders. The fund's total distribution of
OVERLAND PARK, KS / ACCESSWIRE / December 13, 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) with information regarding the sources of the distributions paid on Dec 13, 2024, and cumulative distributions paid fiscal year-to-date.
The following table sets forth the estimated amounts of the current distributions, payable Dec. 13, 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 Pipeline & Energy Fund, Inc.
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You should not draw any conclusions about TTP's investment performance from the amount of this distribution or from the terms of TTP's distribution policy.
TTP 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 TTP is paid back to you. A return of capital distribution does not necessarily reflect TTP'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 be provided to you on Form 1099-DIV for the 2024 calendar year.
Tortoise Capital Advisors is the Adviser to the Tortoise Pipeline & Energy Fund, Inc.
For additional information on these funds, please visit .
About Tortoise Capital
With approximately
positioned to be at the forefront of the global energy evolution that is under way. Based in Overland Park, Kansas, Tortoise Capital Advisors, L.L.C. is an SEC-registered fund manager that invests primarily in publicly traded companies in the energy and power infrastructure sectors-from production to transportation to distribution. For more information about Tortoise Capital, visit .
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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