Certain closed-end funds managed by Tortoise Capital Advisors declared the following distributions today:
% Change from Prior Distribution
% Change from Prior Year
|Tortoise Energy Infrastructure Corp.||TYG||$0.56750||0.4||%||1.8||%|
|Tortoise Energy Capital Corp.||TYY||$0.42000||0.6||%||2.4||%|
|Tortoise North American Energy Corp.||TYN||$0.39500||0.6||%||2.6||%|
|Tortoise MLP Fund, Inc.||NTG||$0.41625||0.3||%||0.9||%|
|Tortoise Pipeline & Energy Fund, Inc.||TTP||$0.40750||-||0.3||%|
|Tortoise Energy Independence Fund, Inc.||NDP||$0.43750||-||N/A|
The TYG, TYY, TYN, NTG, TTP and NDP distributions will be paid on March 01, 2013 to stockholders of record on Feb. 21, 2013. The ex-dividend date is Feb. 19, 2013. For book purposes, the source of distributions for TYG, TYY, TYN and NTG is estimated to be 100 percent return of capital. The source of distributions for TTP is estimated to be approximately 50-60 percent ordinary income, with the remainder return of capital; the source of distributions for NDP is estimated to be approximately 60-70 percent ordinary income, with the remainder return of capital. For tax purposes, the characterization will not be made until determination of our earnings and profits after our year end.
Monthly Distribution Amount
|Tortoise Power and Energy Infrastructure Fund, Inc.||TPZ||$0.12500|
The TPZ monthly distributions will be paid on March 28, 2013, April 30, 2013 and May 31, 2013 to stockholders of record on the respective dates of March 21, 2013, April 23, 2013 and May 23, 2013. The respective ex-dividend dates are March 19, 2013, April 19, 2013 and May 21, 2013. TPZ will report the sources for these monthly distributions at the time of payment in the applicable Section 19(a) Notice.