Tortoise Power & Energy Infrastructure Fund Inc (TPZ) Files Form 4 Insider Buying : Matthew Sallee Buys 300 Shares

Tortoise Power & Energy Infrastructure Fund Inc (TPZ): Matthew Sallee , other of Tortoise Power & Energy Infrastructure Fund Inc purchased 300 shares on Apr 8, 2016. The Insider buying transaction was disclosed on Apr 11, 2016 to the Securities and Exchange Commission. The shares were purchased at $17.27 per share for a total value of $5,181.00.

Tortoise Power and Energy Infrastructure Fund Inc. (the Fund) is a non-diversified closed-end management investment company. The Fund has a primary investment objective to provide a high-level of current income with a secondary objective of capital appreciation. The Fund seeks to invest in fixed-income and dividend-paying equity securities of power and energy infrastructure companies that provide stable and defensive characteristics throughout economic cycles. Under normal circumstances the Fund will invest a minimum of 60% of its total assets in fixed income securities. The Fund may invest up to 10% of its total assets in securities issued by non-United States issuers (including Canadian issuers). The Fund’s investment adviser is Tortoise Capital Advisors L.L.C.

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