Tortoise Pipeline & Energy Fund, Inc. and Tortoise Power and Energy Infrastructure Fund, Inc. Provide Section 19(a) Notice

Key Facts

• The following table sets forth the estimated amounts of the current distributions, payable November 30, 2021, and the cumulative distributions paid this fiscal year to date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains and return of capital.
• Tortoise Pipeline & Energy Fund, Inc. Estimated Sources of Distributions ($) Current % Breakdown of the Current ($) Total Cumulative Distributions for the % Breakdown of the Total Cumulative Distributions for the Net Investment Income 0.0000 0% 0.0000 0% Net Realized Short-Term Capital Gains 0.0283 8% 0.7404 70% Net Realized Long-Term Capital Gains 0.0048 1% 0.0041 0% Return of Capital Total (per common share) 0.3700 100% 1.0600 100% Average annual total return (in relation to NAV) for the 5 years ending on 10/29/2021 -12.29% Annualized current distribution rate expressed as a percentage of NAV as of 10/29/2021 4.77% Cumulative total return (in relation to NAV) for the fiscal year through 10/29/2021 60.10% Cumulative fiscal year distributions as a percentage of NAV as 10/29/2021 3.41% Tortoise Power and Energy Infrastructure Fund, Inc. Estimated Sources of Distributions ($) Current % Breakdown of the Current ($) Total Cumulative Distributions for the % Breakdown of the Total Cumulative Distributions for the Net Investment Income 0.0177 30% 0.2307 36% Net Realized Short-Term Capital Gains 0.0066 11% 0.3311 52% Net Realized Long-Term Capital Gains 0.0156 26% 0.0467 7% Return of Capital Total (per common share) 0.0600 100% 0.6400 100% Average annual total return (in relation to NAV) for the 5 years ending on 7/31/2021 0.01% Annualized current distribution rate expressed as a percentage of NAV as of 7/31/2021 4.52% Cumulative total return (in relation to NAV) for the fiscal year through 7/31/2021 28.16% Cumulative fiscal year distributions as a percentage of NAV as of 7/31/2021 4.02% You should not draw any conclusions about TTP or TPZ’s investment performance from the amount of this distribution or from the terms of TTP and TPZ’s distribution policies.
• The actual amounts and sources of the amounts for tax reporting purposes will depend upon TTP and TPZ's investment experience during the remainder of their fiscal years and may be subject to changes based on tax regulations.
• Although the funds and Tortoise Capital Advisors believe that 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.

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