Tortoise Power and Energy Infrastructure Fund (NYSE: TPZ) is a closed-end management investment company that seeks to provide investors with a high level of current income. The fund primarily invests in equity securities of energy infrastructure companies, including master limited partnerships (MLPs) and energy-related corporations that own, operate or finance essential midstream and power generation assets. Its broad mandate allows for exposure to both traditional oil and gas pipelines as well as power transmission, storage and renewable energy infrastructure.
Since its inception in 2010, TPZ has pursued a diversified portfolio strategy across North America, focusing on companies involved in gathering, processing, transportation and storage of energy products, as well as electric power generation and transmission. The fund’s investment process emphasizes stable cash flows, long-term contracted revenue streams and asset‐backed businesses that serve critical energy needs. By targeting a mix of established infrastructure operators and growth‐oriented platforms, TPZ aims to balance current income with potential capital appreciation.
Over its history, Tortoise Power and Energy Infrastructure Fund has adapted its sector weighting in response to evolving market trends, regulatory developments and technological advancements in areas such as renewable energy integration and grid modernization. The fund may also employ leverage within prudent limits to enhance its income potential, and it distributes income on a monthly basis. Its governance framework is structured to align the interests of shareholders with those of the advisor and portfolio management team.
The fund is managed by Tortoise Advisors, a specialist investment manager focused exclusively on energy infrastructure. The seasoned portfolio management team is led by Senior Managing Directors Tom Carlin and Christopher Frayer, supported by analysts with deep industry expertise. Together, they conduct rigorous fundamental research and continuous asset‐level due diligence to construct and monitor a portfolio designed to deliver consistent income and access to the evolving energy infrastructure sector.
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