Tortoise Power and Energy Infrastructure Fund, Inc. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of July 31, 2015

Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ) today announced that as of July 31, 2015, the company’s unaudited total assets were approximately $233.1 million and its unaudited net asset value was $184.2 million, or $26.50 per share.

As of July 31, 2015, the company was in compliance with its asset coverage ratios under the Investment Company Act of 1940 (the 1940 Act). The company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 483 percent. For more information on calculation of coverage ratios, please refer to the company’s most recent applicable prospectus.

Set forth below is a summary of the company’s unaudited balance sheet at July 31, 2015, and a summary of its top 10 holdings.

Unaudited balance sheet

			(in Millions)			Per Share
Investments			$ 230.5			$33.16
Cash and Cash Equivalents			0.1			0.01
Other Assets			2.5			0.36
Total Assets			233.1			33.53
Credit Facility Borrowings			48.1			6.92
Payable for Investments Purchased			0.1			0.01
Other Liabilities			0.7			0.10
Net Assets			$ 184.2			$26.50

6.95 million common shares currently outstanding.

Top 10 holdings (as of July 31, 2015)

Name			Market Value (in Millions)			% of Investment Securities(1)
Enbridge Energy Management, L.L.C. (equity)			$ 12.6			5.5%
Kinder Morgan, Inc. (equity)			9.0			3.9%
CMS Energy Corp. (fixed income)			8.6			3.7%
TerraForm Power, Inc. (equity)			7.5			3.2%
TransCanada Pipelines Limited (fixed income)			7.0			3.0%
Kinder Morgan, Inc. (fixed income)			6.8			3.0%
Midcontinent Express Pipeline LLC (fixed income)			6.4			2.8%
WEC Energy Group (fixed income)			6.4			2.8%
InfraREIT, Inc.			6.2			2.7%
Source Gas LLC (fixed income)			6.1			2.6%
Total			$ 76.6			33.2%

(1) Percent of Investments and Cash Equivalents.