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

Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ) today announced that as of Aug. 31, 2015, the company’s unaudited total assets were approximately $226.5 million and its unaudited net asset value was $171.1 million, or $24.62 per share.

As of Aug. 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 414 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 preliminary unaudited balance sheet at Aug. 31, 2015, and a summary of its top 10 holdings.

Unaudited balance sheet

		(in Millions)			Per Share
Investments		$	223.8		$	32.20
Cash and Cash Equivalents			0.1			0.01
Other Assets			2.6			0.38
Total Assets			226.5			32.59
Credit Facility Borrowings			54.5			7.84
Other Liabilities			0.9			0.13
Net Assets		$	171.1		$	24.62

6.95 million common shares currently outstanding.

Top 10 holdings (as of Aug. 31, 2015)

Name		Market Value (in Millions)			% of Investment Securities(1)
Enbridge Energy Management, L.L.C. (equity)		$	11.4		5.1	%
CMS Energy Corp. (fixed income)			8.5		3.8	%
Kinder Morgan, Inc. (equity)			8.4		3.8	%
TransCanada Pipelines Limited (fixed income)			6.7		3.0	%
Kinder Morgan, Inc. (fixed income)			6.6		3.0	%
Midcontinent Express Pipeline LLC (fixed income)			6.2		2.8	%
WEC Energy Group (fixed income)			6.2		2.8	%
Source Gas LLC (fixed income)			6.1		2.7	%
NRG Energy, Inc. (fixed income)			5.9		2.6	%
Duquesne Light Holdings, Inc. (fixed income)			5.7		2.6	%
Total		$	71.7		32.2	%

(1) Percent of Investments and Cash Equivalents.