|Estimated Sources of Distributions|
|($) CurrentDistribution||% Breakdownof the CurrentDistribution||($) Total Cumulative Distributions for theFiscal Year to Date||% Breakdown of theTotal CumulativeDistributions for theFiscal Year to Date|
|Net Investment Income||0.060||48%||0.713||48%|
|Net Realized Short-Term Capital Gains||0.000||0%||0.004||0%|
|Net Realized Long-Term Capital Gains||0.064||51%||0.727||48%|
|Return of Capital||0.001||1%||0.056||4%|
|Total (per common share)||0.125||100%||1.500||100%|
|Average annual total return (in relation to NAV) from commencement of operations through 10/31/2012||16.58%|
|Annualized current distribution rate expressed as a percentage of NAV as of 10/31/2012||5.58%|
|Cumulative total return (in relation to NAV) for the fiscal year through 10/31/2012||11.89%|
|Cumulative fiscal year distributions as a percentage of NAV as of 10/31/2012||5.58%|
This notice provides stockholders of Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ) with information regarding the distribution paid on Nov. 30, 2012 and cumulative distributions paid fiscal year-to-date. The following table sets forth the estimated amounts of the current distribution, payable Nov. 30, 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.