In This Article:
Tortoise Capital today announced the tax characterization of 2024 distributions paid to common stockholders of each of the funds listed below:
2024 Tax Characterization of Distributions
| TYG | NTG | TTP | NDP | TPZ | TEAF | |||||||||||||||||||
| Qualified Dividend Income | 20 | % | 12 | % | 13 | % | 15 | % | 17 | % | 10 | % | ||||||||||||
| Ordinary Dividend Income | 4 | % | 0 | % | 0 | % | 0 | % | 5 | % | 60 | % | ||||||||||||
| Return of Capital | 76 | % | 88 | % | 87 | % | 85 | % | 78 | % | 30 | % | ||||||||||||
| Long-Term Capital Gain | 0 | % | 0 | % | 0 | % | 0 | % | 0 | % | 0 | % | ||||||||||||
Additional information regarding the tax characterization of the 2024 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 2024 annual stockholders' report including all of these funds. The annual report is available online at cef.tortoiseadvisors.com. Please call (866) 362-9331 or email info@tortoiseadvisors.com to request a hard copy of this report free of charge.
About Tortoise Capital
With approximately $9.2 billion in assets under management as of Dec. 31, 2024, Tortoise Capital's record of investment experience and research dates back more than 20 years. As an early investor in midstream energy, Tortoise Capital believes it is well-
positioned to be at the forefront of the global energy evolution that is under way. Based in Overland Park, Kansas, Tortoise Capital Advisors, L.L.C. is an SEC-registered fund manager that invests primarily in publicly traded companies in the energy and power infrastructure sectors-from production to transportation to distribution. For more information about Tortoise Capital, visit http://www.TortoiseAdvisors.com.
Tortoise Capital Advisors, L.L.C. is the adviser to Tortoise Energy Infrastructure Corp. and Tortoise Sustainable and Social Impact Term Fund and, prior to their respective mergers, was the adviser to Tortoise Midstream Energy Fund, Inc., Tortoise Pipeline & Energy Fund, Inc., Tortoise Energy Independence Fund, Inc., and Tortoise Power and Energy Infrastructure Fund, Inc.
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.