Tortoise Power And Energy Infrastructure Fund, Inc. Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Update As Of June 30, 2014

Release Here: http://www.businesswire.com/news/home/20140701006619/en#.U7M41vldXh4 Tortoise Power and Energy Infrastructure Fund, Inc.

today announced that as of June 30, 2014, the company's unaudited total assets were approximately $260.4 million and its unaudited net asset value was $218.9 million, or $31.49 per share. As of June 30, 2014, 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 663 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 June 30, 2014, and a summary of its top 10 holdings. Unaudited balance sheet (in Millions) Per Share Investments $ 256.8 $ 36.95 Cash and Cash Equivalents 0.1 0.01 Receivable for Investments Sold 2.3 0.33 Other Assets 1.2 0.17 Total Assets 260.4 37.46 Short-Term Borrowings 38.9 5.60 Payable for Investments Purchased 2.2 0.32 Other Liabilities 0.4 0.05 Net Assets $ 218.9 $ 31.49 6.95 million common shares currently outstanding. Top 10 holdings (as of June 30, 2014) Name Market Value (in Millions) % of Investment Securities(1) Enbridge Energy Management, L.L.C. (equity) $ 19.2 7.5% Kinder Morgan Management, L.L.C. (equity) 17.8 6.9% Enterprise Products Partners, L.P. (equity) 7.4 2.9% Sunoco Logistics Partners, L.P. (equity) 7.2 2.8% CMS Energy Corp. (fixed income) 6.7 2.6% El Paso Corp. (fixed income) 6.6 2.6% Midcontinent Express Pipelines (fixed income) 6.6 2.6% DCP Midstream LLC (fixed income) 6.4 2.5% NRG Energy Inc. (fixed income) 6.4 2.5% TransCanada PipeLines Limited (fixed income) 6.2 2.4% Total $90.5 35.3% (1) Percent of Investments and Cash Equivalents TPZ provides update on quarterly portfolio allocation reporting Effective in July, to further enhance its transparency to stockholders, TPZ intends to update its portfolio allocation within 3 weeks of each fiscal quarter end. The information will be available on TPZ's webpage through its fact sheet.