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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (40234)11/29/2011 4:22:14 PM
From: E_K_S  Read Replies (1) of 78717
 
Tortoise Power and Energy Infra (NYSE: TPZ )

Sold my higher priced shares in this fund. It's been one year and 1 week and I actually have a small gain. I booked a 4% capital gain and received a 6.5% monthly dividend. This has been the first time in a long time that this lot of shares is positive, so I thought I would pull the money as I see other investments opportunities. It was my intention to park the funds here. This sale represent 50% of my position. I continue to hold onto these shares as my cost is lower and the fund does pay a good dividend w/o having to bother with special individual MLP K1 tax forms.

I checked the NAV of TPZ and noticed that it is still selling at a 6% discount.
cefconnect.com

Tortoise Power & Energy Infra:TPZ  -  As of 11/28/2011. NAV as of 11/25/2011.
Price	NAV	Premium/ Discount
Current	$23.60	$25.12	-6.05%
52 Wk Avg	$24.28	$25.01	-2.64%
52 Wk High	$25.99	$26.11	2.86%
52 Wk Low	$20.35	$23.59	-9.20%

You need to be careful as the fund is thinly traded and you can eaisly lose 2% if you sell at the market.

This is a good diversified fund and is safer than holding the individual preferred shares. I will re-enter this one at any price below $20.00/share. There were a few instances in 2011 where this was possible.

EKS
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