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LEAWOOD, KS / ACCESSWIRE / August 31, 2023 / This notice provides stockholders of Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) and Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) wi
Revised from August 11, 2023 release to include Important Notice Tortoise Energy Infrastructure Corp. (NYSE:TYG) Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) Tortoise Pipeline & Energy Fund, Inc. (
Distribution Amounts and Dates Declared for: Tortoise Energy Infrastructure Corp. (NYSE:TYG) Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) Tortoise E
OVERLAND PARK, KS / ACCESSWIRE / August 1, 2023 / Tortoise today announced the following unaudited balance sheet information and asset coverage ratio updates for TYG, NTG, TTP, NDP and TPZ. Tortoise E
Tortoise Energy Infrastructure Corp. (NYSE:TYG) Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) Tortoise Energy Independence Fund, Inc. (NYSE:NDP) Tort
Pipeline companies and MLPs are very good investments for income investors. These companies are very recession-resistant, pay out high yields, and have forward growth potential.
The TTP fund invests in pipelines and other energy infrastructure companies. It has an attractive 8.5% current distribution yield.
12 out of 23 CEF sectors positive on price and 6 out of 23 sectors positive on NAV last week. Tortoise offer tender results.
16 out of 23 CEF sectors positive on price and 12 out of 23 sectors positive on NAV last week. Watch for overvalued CEFs as market volatility rises.
0 out of 23 CEF sectors are positive on price and 0 out of 23 sectors are positive on NAV over the last week. BlackRock CEFs are repurchasing their shares.
TTP offers a 9.4% yield and trades at a -14% discount to NAV. The upcoming tender offer should help to close the discount and improve the market price of the fund.
TTP trades at a -15% discount to NAV and offers a 9% annual yield for income-oriented investors. Compared to several other MLP funds, TTP offers the best YTD and 1-year total return.

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