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Tortoise Power And Energy Infrastructure Fund, Inc. Provides Section 19(a) Notice

This notice provides stockholders of Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ) with information regarding the distribution paid on Dec. 31, 2012 and cumulative distributions paid fiscal year-to-date.

The following table sets forth the estimated amounts of the current distribution, payable Dec. 31, 2012, and the cumulative distributions paid this fiscal year to date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains and return of capital. All amounts are expressed per common share.

 
Estimated Sources of Distributions
   

($) CurrentDistribution

   

% Breakdownof the CurrentDistribution

   

($) Total CumulativeDistributions for theFiscal Year to Date

 

% Breakdown of theTotal CumulativeDistributions for theFiscal Year to Date

Net Investment Income 0.058 46% 0.058 46%
Net Realized Short-Term Capital Gains 0.000 0% 0.000 0%
Net Realized Long-Term Capital Gains 0.000 0% 0.000 0%
Return of Capital

0.067

  54%  

0.067

  54%  

Total (per common share)     0.125     100%     0.125     100%
 
Average annual total return (in relation to NAV) from commencement of operations through 11/30/2012

16.14%

Annualized current distribution rate expressed as a percentage of NAV as of 11/30/2012 5.61%
 
Cumulative total return (in relation to NAV) for the fiscal year through 11/30/2012 11.90%
Cumulative fiscal year distributions as a percentage of NAV as of 11/30/2012 0.47%
 

You should not draw any conclusions about TPZ's investment performance from the amount of this distribution or from the terms of TPZ's distribution policy.

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