Tortoise Power and Energy Infrastructure.

TPZ’s investment approach emphasizes current income, low volatility and minimization of downside risk. Under normal circumstances, the fund invests at least 80% of its total assets (including assets obtained through leverage) in securities of power and energy infrastructure companies. Power infrastructure companies use asset systems to provide electric power generation (including renewable energy), transmission and distribution. Energy infrastructure
companies use a network of pipeline assets to transport, store, gather and/or process crude oil, refined petroleum products (including biodiesel and ethanol), natural gas or natural gas liquids.

Under normal circumstances, the fund will invest a minimum of 60% of its total assets in fixed income securities. The fund will not invest more than 25% of its total assets in non-investment grade rated fixed income securities or more than 15% of its total assets in restricted securities that are ineligible for resale under Rule 144A, all of which may be illiquid securities. The fund may invest up to 10% of its total assets in securities issued by non-U.S. issuers (including Canadian
issuers). The fund will not engage in short sales. These investment restrictions described above apply at the time of purchase, and the fund will not be required to reduce a position due solely to market value fluctuations.

TPZ seeks to utilize leverage when it perceives a net positive total return opportunity for stockholders. TPZ targets a moderate amount of leverage with a non-fundamental policy of up to 20% of total assets at time of incurrence. TPZ utilizes interest rate swap contracts with laddered maturity dates to fix the effective rate on a majority of its leverage.

For more information about the fund please visit:
Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ)