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Tortoise Pipeline & Energy Fund announces unaudited asset values

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World Pipelines,

Tortoise Pipeline & Energy Fund, Inc. has announced that as of 31 December 2016, the company’s unaudited total assets were approximately US$311.6 million and its unaudited net asset value was US$243.6 million, or US$24.32 per share.

As of 31 December 2016, the company was in compliance with its asset coverage ratios under the Investment Company Act of 1940 (the 1940 Act) and basic maintenance covenants. The company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 613%, and its coverage ratio for preferred shares was 466%. For more information on calculation of coverage ratios, please refer to the company’s most recent applicable prospectus.

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