Tortoise Pipeline & Energy Fund, Inc. (TTP): H Kevin Birzer , director other of Tortoise Pipeline & Energy Fund, Inc. purchased 100 shares on Jul 5, 2016. The Insider buying transaction was reported by the company on Jul 5, 2016 to the Securities and Exchange Commission. The shares were purchased at $18.26 per share for a total value of $1,826.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 5, 2016, H Kevin Birzer (director other) purchased 100 shares at $18.26 per share price.On Apr 11, 2016, Matthew Sallee (other) purchased 400 shares at $14.61 per share price.Also, On Feb 19, 2016, Brian Alan Kessens (President) purchased 440 shares at $11.42 per share price.On Dec 17, 2015, Conrad S Ciccotello (director) purchased 200 shares at $12.86 per share price.
Tortoise Pipeline & Energy Fund Inc. is a non-diversified closed-end management investment fund which invests in equity securities of pipeline companies that transport natural gas natural gas liquids (NGLs) crude oil and refined products and other energy infrastructure companies. The Fund’s objective is to seek a high level of total return with an emphasis on current distributions. It invests at least 80% of its total assets (including assets obtained through leverage) in equity securities of pipeline and other energy infrastructure companies. It may invest up to 30% of its total assets in unregistered or restricted securities through direct investments and will not invest in private companies. It may invest up to 20% of its total assets in debt securities including those rated below investment grade. It will not invest more than 10% of its total assets in any single issuer and will not engage in short sales. Tortoise Capital Advisors L.L.C. is the Fund’s investment adviser.