Tortoise Capital Advisors Announces 2017 Closed-End Fund Tax Characterization of Distributions and Release of Combined Annual Report

Tortoise Capital Advisors today announced the tax characterization of 2017 distributions paid to common stockholders of:

Tortoise Energy Infrastructure Corp. (NYSE: TYG)
Tortoise MLP 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)

2017 Tax Characterization of Distributions

Midstream
Focused

 

Upstream
Focused

 

Energy
Value
Chain

   

TYG

NTG

TTP

NDP

TPZ

  Qualified Dividend Income 100% 72% 17% - 13% Ordinary Dividend Income - - - - 56% Return of Capital - 28% 81% 100% 7% Long-Term Capital Gain N/A N/A 2% - 24%  

Additional information regarding the tax characterization of the 2017 distributions is available at www.tortoiseadvisors.com. A copy of the information is also available upon request by calling [phone].

Nothing contained herein or therein should be construed as tax advice. Consult your tax advisor for more information. Furthermore, you may not rely upon any information herein or therein for the purpose of avoiding any penalties that may be imposed under the Internal Revenue Code.

Annual Report

The adviser also announced today the release of the combined 2017 annual stockholders' report including all of these funds.

The annual report is available online at www.tortoiseadvisors.com. Please call [phone] or email [e-mail] to request a hard copy of this report free of charge.