Tortoise Announces 2018 Closed-End Fund Tax Characterization of Distributions and Release of Combined Annual Report
Tortoise today announced the tax characterization of 2018 distributions paid to common stockholders of:
Tortoise Energy Infrastructure Corp. (NYSE: TYG)
Tortoise Midstream Energy 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)
|
2018 Tax Characterization
of Distributions
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|
Midstream
Focused
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Upstream
Focused
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|
|
Energy
Value
Chain
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|
|
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|
|
|
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TYG
|
|
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NTG
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|
|
TTP
|
|
|
NDP |
|
|
TPZ |
| Qualified Dividend Income |
|
|
84 |
% |
|
|
47 |
% |
|
|
3 |
% |
|
|
- |
|
|
|
5 |
% |
| Ordinary Dividend Income |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
39 |
% |
| Return of Capital |
|
|
16 |
% |
|
|
53 |
% |
|
|
97 |
% |
|
|
100 |
% |
|
|
- |
|
| Long-Term Capital Gain |
|
|
N/A |
|
|
|
N/A |
|
|
|
- |
|
|
|
- |
|
|
|
56 |
% |
Additional information regarding the tax characterization of the 2018 distributions is available at
www.tortoiseadvisors.com. A copy of the information is also available upon request by calling (866) 362-9331.
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 2018 annual stockholders' report including all of these funds.
The annual report is available online at
www.tortoiseadvisors.com. Please call (866) 362-9331 or email info@tortoiseadvisors.com to request a hard copy of this report free of charge.
About Tortoise
Tortoise invests in essential assets – those assets and services that are indispensable to the economy and society. With a
steady wins approach and a long-term perspective, Tortoise strives to make a positive impact on clients and communities. For
additional information, please visit tortoiseadvisors.com.
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.
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.
Tortoise
Pam Kearney, 866-362-9331
Investor and Public Relations
pkearney@tortoiseadvisors.com
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