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Stock impact report

Tortoise Power and Energy Infrastructure Fund, Inc. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update as of April 30, 2018

Tortoise Power and Energy Infrastructure Fund, Inc (TPZ) 
Company Research Source: Business Wire
LEAWOOD, Kan.--(BUSINESS WIRE)-- Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ) today announced that as of April 30, 2018, the company’s unaudited total assets were approximately $195.2 million and its unaudited net asset value was $142.5 million, or $20.50 per share. As of April 30, 2018, the company was in compliance with its asset coverage ratios under the Investment Company Act of 1940 (the 1940 Act). The company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 373 percent. For more information on calculation of coverage ratios, please refer to the company’s most recent applicable prospectus. Set forth below is a summary of the company’s unaudited balance sheet at April 30, 2018, and a summary of its top 10 holdings. Unaudited balance sheet Show less Read more
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