Tortoise Capital Advisors Announces 2017 Closed-End Fund Tax Characterization of Distributions and Release of Combined Annual Report
LEAWOOD, Kan.–(BUSINESS WIRE)–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 |
Midstream |
Upstream |
Energy |
||
|
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
(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 2017 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 [email protected]
to request a hard copy of this report free of charge.
1st Quarter 2018 Energy Value Chain
Conference Call
Tortoise will host its first quarter 2018 conference call on Jan. 24,
2018 at 3 p.m. Central to discuss the energy sector and provide an
update on the energy value chain and Tortoise’s investment outlook.
Toll Free Dial-In Number: (877) 407-9210
Replay Number: (877)
481-4010
Replay ID: #21457 (available through Feb. 24, 2018)
About Tortoise Capital Advisors, L.L.C.
Tortoise Capital Advisors, L.L.C., is a registered investment adviser
specializing in essential assets investing. Essential assets are those
that are indispensable and necessary to the functioning of our economy
and our society as a whole, such as education, healthcare,
infrastructure and energy. As of Dec. 31, 2017, the adviser had
approximately $20.2 billion of assets under management in listed
closed-end funds, mutual funds, private funds and separate accounts. For
more information, visit www.tortoiseadvisors.com.
Forward-Looking Statement
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 funds’ 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.
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.
Contacts
Tortoise Capital Advisors, L.L.C.
Pam Kearney, 866-362-9331
Investor
Relations
[email protected]
