Tortoise Capital Advisors today announced the tax characterization of 2016 distributions paid to common stockholders of: Tortoise Energy Infrastructure Corp. (NYSE: TYG)Tortoise MLP Fund, Inc. (NYSE: NTG)Tortoise Pipeline & Energy Fund, Inc. (NYSE: TTP)Tortoise Energy Independence Fund, Inc. (NYSE: NDP)Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ)
Additional information regarding the tax characterization of the 2016 distributions is available at www.tortoiseadvisors.com. A copy of the information is also available upon request by calling (866) 362-9331. Nothing contained herein or therein should be construed as tax advice. Consult your tax advisor for more information. Furthermore, you may not rely upon any information herein or therein for the purpose of avoiding any penalties that may be imposed under the Internal Revenue Code. Annual Report The adviser also announced today the release of the combined 2016 annual stockholders' report including all of these funds.
|2016 Tax Characterization of Distributions||Midstream Focused||Upstream Focused||Energy Value Chain|
|Qualified Dividend Income||86||%||-||39||%||-||11||%|
|Ordinary Dividend Income||-||-||58||%||-||80||%|
|Return of Capital||14||%||100||%||-||100||%||-|
|Long-Term Capital Gain||N/A||N/A||3||%||-||9||%|
www.tortoiseadvisors.com. Forward-Looking Statement This press release contains certain statements that may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although the funds and Tortoise Capital Advisors believe that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the funds' reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, the funds and Tortoise Capital Advisors do not assume a duty to update this forward-looking statement. Safe Harbor Statement This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.