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Tortoise Power And Energy Infrastructure Fund, Inc. Provides Unaudited Balance Sheet Information And Asset Coverage Ratio Update As Of June 30, 2012

Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ) today announced that as of June 30, 2012, the company’s unaudited total assets were approximately $215.4 million and its unaudited net asset value was $178.1 million, or $25.62 per share.

As of June 30, 2012, the company was in compliance with its asset coverage ratio under the Investment Company Act of 1940 (the 1940 Act) and basic maintenance covenants. The company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 600 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 unaudited balance sheet at June 30, 2012, and a summary of its top 10 holdings.

Unaudited Balance Sheet

      (in Millions)       Per Share
Investments $ 213.6 $30.73
Cash and Cash Equivalents 0.1 0.01
Other Assets 1.7 0.24
Total Assets 215.4 30.98
 
Short-Term Borrowings 15.6 2.24
Senior Notes 20.0 2.88
Total Leverage 35.6 5.12
 
Other Liabilities 1.7 0.24
Net Assets $ 178.1 $25.62

6.95 million common shares currently outstanding.

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