Tortoise Pipeline & Energy Fund, Inc. Provides Unaudited Balance Sheet Information And Asset Coverage Ratio Update As Of Jan. 31, 2013

Tortoise Pipeline & Energy Fund, Inc. (NYSE: TTP) today announced that as of Jan. 31, 2013, the company’s unaudited total assets were approximately $363.3 million and its unaudited net asset value was $279.5 million, or $27.94 per share.

As of Jan. 31, 2013, the company was in compliance with its asset coverage ratios under the Investment Company Act of 1940 (the 1940 Act) and basic maintenance covenants. The company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 549 percent, and its coverage ratio for preferred shares was 442 percent. For more information on calculation of coverage ratios, please refer to the company’s most recent applicable prospectus.

Set forth below is a summary of the company’s unaudited balance sheet at Jan. 31, 2013 and a summary of its top 10 holdings.

Unaudited Balance Sheet
    (in Millions)     Per Share
Investments $ 361.2 $ 36.11
Cash and Cash Equivalents 0.3 0.03
Other Assets 1.8 0.18
Total Assets 363.3 36.32
Short-Term Borrowings 16.8 1.68
Senior Notes 49.0 4.90
Preferred Stock 16.0 1.60
Total Leverage 81.8 8.18
Other Liabilities 2.0 0.20
Net Assets $ 279.5 $ 27.94

10.00 million common shares currently outstanding.

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