Tortoise Announces a Share Repurchase Program for TPZ and Provides Update on Current Repurchase Programs

LEAWOOD, KS–(BUSINESS WIRE)–Tortoise today announced that the Board has authorized a share repurchase program for Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ) effective through August 31, 2021. Under the share repurchase program, TPZ intends to purchase in the open market, $5 million of its outstanding common shares, if trading at a discount to NAV in excess of 10%. “The TPZ share repurchase program, like previously announced TYG, NTG and TTP share repurchase programs, is f