OVERLAND PARK, Kan .– (COMMERCIAL THREAD) – Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ) today declared the October monthly distribution of $ 0.06 per share payable on October 29, 2021 to shareholders of record on October 22, 2021.
Additionally, Ecofin Sustainable and Social Impact Term Fund (NYSE: TEAF) provides an update on the fund’s direct investments, portfolio asset allocation, structure types and impact statistics as of September 30, 2021. , on the company’s website here. On a monthly basis, details of every private transaction that took place in the previous month will be posted here. The list includes all transactions concluded since the inception of the fund through September 30, 2021. Updates will continue to be released on a monthly basis until the fund reaches its target of 60% direct investment.
You should not draw any conclusions about the performance of TPZ’s investments from the amount of this distribution or the terms of TPZ’s distribution policy.
TPZ considers that it has distributed more than its income and net realized capital gains; therefore, part of the distribution may be a return of capital. A return of capital can occur, for example, when some or all of the money you have invested in TPZ is returned to you. A return of capital distribution does not necessarily reflect TPZ’s investment performance and should not be confused with âreturnâ or âincomeâ.
TPZ will declare the sources of its distributions at the time of payment in the applicable Section 19 (a) Notice. The amounts and distribution sources for TPZ reports are estimates only and are not provided for tax reporting purposes. The actual amounts and sources of amounts for tax reporting purposes will depend on TPZ’s investment experience during the remainder of its fiscal year and may be subject to change depending on tax regulations. TPZ will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
Tortoise Capital Advisors, LLC (also dba TCA Advisors) (âTCAâ) is the advisor to Tortoise Power and Energy Infrastructure Fund, Inc. and Ecofin Sustainable and Social Impact Term Fund. Ecofin Advisors Limited is a sub-advisor of Ecofin Sustainable and Social Impact Term Fund.
For more information on these funds, please visit cef.tortoseecofin.com.
TortoiseEcofin focuses on core assets – those assets and services that are essential to the economy and society. We strive to have a positive impact on customers and communities by investing in energy infrastructure and the transition to cleaner energy and by providing capital for social impact projects focused on education and people’s lives. elderly. TortoiseEcofin brings together the strong legacies of Tortoise, with investment expertise across the entire energy value chain for over 20 years, and Ecofin, which unites ecology and finance and dates back to the early 90s. for information, please visit www.TortoiseEcofin.com.
Safe Harbor Declaration
This press release does not constitute an offer to sell or a solicitation to buy, and there will be no sale of such securities in any state or jurisdiction in which such an offer or solicitation or sale would be illegal prior to registration. or qualification under the laws of such state or jurisdiction.
Caution regarding forward-looking statements
This press release contains certain statements which 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 fact historical, are included in this document. are “forward-looking statements”. Although the funds and TCA believe that the expectations reflected in these forward-looking statements are reasonable, they involve assumptions, risks and uncertainties, and these expectations may prove to be inaccurate. Actual results could differ materially from those anticipated in these forward-looking statements due to various factors, including those discussed in the fund’s reports which 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. Except as required by law, the funds and TCA assume no obligation to update this forward-looking statement.