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 February 9, 2016 - 4:56 PM EST
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Tortoise Pipeline & Energy Fund, Inc. Announces Upcoming Distribution

Tortoise Pipeline & Energy Fund, Inc. (NYSE: TTP) today declared a first quarter 2016 distribution of $0.4075 per share. The distribution is payable on Feb. 29, 2016 to stockholders of record on Feb. 22, 2016. The ex-dividend date is Feb. 18, 2016.

“This time last year, we communicated that TTP’s quarterly distributions for 2015 would include a baseline distribution amount from distributable cash flow (DCF) and a portion of the capital gains required to be distributed during the year,” said Brad Adams, CEO of Tortoise’s closed-end funds. “The first quarter 2016 distribution reflects our historical baseline distribution supported by DCF, however, we do not anticipate the same level of capital gains following recent market declines. The elimination of the capital gain component results in a $0.0425 or 9.4% reduction as compared to last quarter.”

You should not draw any conclusions about TTP’s investment performance from the amount of these distributions or from the terms of TTP’s distribution policy. TTP estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of the distribution may be return of capital. A return of capital may occur, for example, when some or all of the money that you invested in TTP is paid back to you. A return of capital distribution does not necessarily reflect TTP’s investment performance and should not be confused with “yield” or “income”.

TTP will report the sources for its distributions at the time of payment in the applicable Section 19(a) Notice. The amounts and sources of distributions TTP reports are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon TTP’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. TTP 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.

About Tortoise Pipeline & Energy Fund, Inc.

Tortoise Pipeline & Energy Fund, Inc. (NYSE: TTP) is a non-diversified, closed-end management investment company that seeks to obtain a high level of total return with an emphasis on current distributions. TTP invests primarily in equity securities of pipeline companies that transport natural gas, natural gas liquids (NGLs), crude oil and refined products and, to a lesser extent, in other energy infrastructure companies.

About Tortoise Capital Advisors, L.L.C.

Tortoise Capital Advisors, L.L.C. is an investment manager specializing in energy investments. As of Jan. 31, 2016, the adviser had approximately $11.6 billion of assets under management across the energy value chain in listed closed-end funds, mutual funds, private funds and separate accounts. For more information, visit

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.

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 Company and Tortoise Capital Advisors believe 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 Company's 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 Company and Tortoise Capital Advisors do not assume a duty to update any forward-looking statement.

Tortoise Capital Advisors, L.L.C.
Pam Kearney, 866-362-9331
Investor and Public Relations

Source: Business Wire (February 9, 2016 - 4:56 PM EST)

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