Tortoise Power & Energy Infrastructure Fund Inc (TPZ): H Kevin Birzer , director other of Tortoise Power & Energy Infrastructure 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 $19.35 per share for a total value of $1,935.00 , 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 $19.35 per share price.On Apr 11, 2016, Matthew Sallee (other) purchased 300 shares at $17.27 per share price.Also, On Feb 19, 2016, Brian Alan Kessens (President) purchased 350 shares at $14.61 per share price.On Dec 10, 2015, Rand C Berney (director) purchased 312 shares at $16.12 per share price.
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.