This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Tortoise Capital Advisors Announces Distribution Dates And Amounts For Closed-End Funds

Certain closed-end funds managed by Tortoise Capital Advisors declared the following distributions today:

Fund   Ticker  

Distribution Amount


% Change from Prior Distribution


% Change from Prior Year

Tortoise Energy Infrastructure Corp. TYG $0.57250 0.4% 1.8%
Tortoise Energy Capital Corp. TYY $0.42500 0.6% 2.4%
Tortoise North American Energy Corp. TYN $0.40000 0.6% 2.6%
Tortoise MLP Fund, Inc. NTG $0.41875 0.3% 0.9%
Tortoise Pipeline & Energy Fund, Inc. TTP $0.40750 - -
Tortoise Energy Independence Fund, Inc. NDP $0.43750 - N/A

The TYG, TYY, TYN, NTG, TTP and NDP distributions will be paid on Sept. 3, 2013 to stockholders of record on Aug. 23, 2013. The ex-dividend date is Aug. 21, 2013. For tax purposes, the ultimate characterization of distributions will be made after the determination of earnings and profits after year end. 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 and NDP is estimated to be approximately 50-70 percent ordinary income, with the remainder return of capital.

Fund   Ticker  

Monthly Distribution Amount

Tortoise Power and Energy Infrastructure Fund, Inc.



The TPZ monthly distributions will be paid on Sept. 30, 2013, Oct. 31, 2013 and Nov. 29, 2013 to stockholders of record on the respective dates of Sept. 23, 2013, Oct. 24, 2013 and Nov. 22, 2013. The respective ex-dividend dates are Sept. 19, 2013, Oct. 22, 2013 and Nov. 20, 2013. TPZ will report the sources for these monthly distributions at the time of payment in the applicable Section 19(a) Notice.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs