Tortoise Announces Further Distribution Increases and Discount Management Program for Its Closed-End Funds

Tortoise and the Board of its closed-end funds announced significant increases to distributions for its closed-end funds. As previously announced, the funds have adopted managed distribution policies and those policies have been reviewed and modified to provide more of the fund total return in the form of distributions. These increases are the product of the 26-week average NAV ended November 30, 2021 and the distribution target ranges outlined below. The funds have also implemented a discount management program that aims to further enhance shareholder value.

Tortoise closed-end funds distribution details are as follows:

Fund	Ticker	Distribution Amount	% Increase	Distribution Target of Average NAV	Distribution Frequency
Tortoise Energy Infrastructure Corp.	TYG	$0.71	58%	7%-10%	Quarterly
Tortoise Midstream Energy Fund, Inc.	NTG	$0.77	35%	7%-10%	Quarterly
Tortoise Pipeline & Energy Fund, Inc.	TTP	$0.59	60%	7%-10%	Quarterly
Tortoise Energy Independence Fund, Inc.,	NDP	$0.48	55%	7%-10%	Quarterly
Tortoise Power and Energy Infrastructure Fund, Inc.	TPZ	$0.105	75%	7%-10%	Monthly

TYG, NTG, TTP, NDP and TPZ (each, a “Fund” and collectively, the “Funds”) distributions are payable on February 28, 2022, to shareholders of record on February 21, 2022.