Tortoise Power and Energy Infrastructure Fund, Inc. Announces Unaudited Earnings Results for the Six Months Ended May 31, 2020
July 30, 2020
Share
Tortoise Power and Energy Infrastructure Fund, Inc. announced unaudited earnings results for the six months ended May 31, 2020. For the period, the company reported total investment income of $3,239,352. Net investment income was $1,338,225 or $0.19 per share. Net decrease in net assets applicable to common stockholders resulting from operations was $33,479,215.
Tortoise Power and Energy Infrastructure Fund, Inc. (the Fund) is a non-diversified, closed-end management investment company. The Fund's primary investment objective is to provide a high level of current income to its stockholders. The Fund's secondary objective is capital appreciation. It seeks to invest primarily in fixed income and dividend-paying equity securities of power and energy infrastructure companies. The securities in which it will invest include income-producing fixed income and equity securities. Under normal circumstances, the Fund will invest a minimum of approximately 51% of its total assets in fixed income securities. The Fund may invest up to 10% of its total assets in securities issued by the non-United States issuers (including Canadian issuers). The investment advisor of the Fund is Tortoise Capital Advisors, L.L.C.