|Estimated Sources of Distributions|
|($) Current Distribution||% Breakdownof the Current Distribution||($) Total CumulativeDistributions for the Fiscal Year to Date||% Breakdown of theTotal CumulativeDistributions for the Fiscal Year to Date|
|Net Investment Income||0.061||48%||0.476||48%|
|Net Realized Short-Term Capital Gains||0.000||0%||0.000||0%|
|Net Realized Long-Term Capital Gains||0.000||0%||0.356||35%|
|Return of Capital||0.064||52%||0.168||17%|
|Total (per common share)||0.125||100%||1.000||100%|
|Average annual total return (in relation to NAV) from commencement of operations through 6/30/2012||15.94%|
|Annualized current distribution rate expressed as a percentage of NAV as of 6/30/2012||5.85%|
|Cumulative total return (in relation to NAV) for the fiscal year through 6/30/2012||4.55%|
|Cumulative fiscal year distributions as a percentage of NAV as of 6/30/2012||3.90%|
This notice provides stockholders of Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ) with information regarding the distribution paid on July 31, 2012 and cumulative distributions paid fiscal year-to-date. The following table sets forth the estimated amounts of the current distribution, payable July 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.
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.