Tortoise
Pipeline & Energy Fund, Inc. (NYSE: TTP)

Section 19(a) Notification of Sources of Distribution

Distribution Period	August 2015
Distribution Amount per Share	$0.4500

The following table sets forth the estimated amounts of the current distribution, payable August 31, 2015, and the cumulative distributions paid this fiscal year to date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains and return of capital. All amounts are expressed per common share.

Estimated Sources of Distributions

							% Breakdown of the
			% Breakdown		($) Total Cumulative		Total Cumulative
	($) Current		of the Current		Distributions for the		Distributions for the
	Distribution		Distribution		Fiscal Year to Date		Fiscal Year to Date
Net Investment Income		0.0740		16%		0.2402		16%
Net Realized Short-Term Capital Gains		0.0709		16%		0.0000		0%
Net Realized Long-Term Capital Gains		0.3051		68%		1.2598		84%
Return of Capital		0.0000		0%		0.0000		0%
Total (per common share)		0.4500		100%		1.5000		100%
Average annual total return (in relation to NAV) from commencement of operations through 7/31/2015								10.84%
Annualized current distribution rate expressed as a percentage of NAV as of 7/31/2015								6.36%
Cumulative total return (in relation to NAV) for the fiscal year through 7/31/2015								-16.13%
Cumulative fiscal year distributions as a percentage of NAV as of 7/31/2015								5.30%

You should not draw any conclusions about TTP's investment performance from the amount of this distribution or from the terms of TTP’s distribution policy.

The amounts and sources of distributions reported are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon TTP's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. TTP will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

TTP is a non-diversified, closed-end management investment company that seeks to obtain a high level of total return with an emphasis on current distributions. TTP invests primarily in equity securities of pipeline companies that transport natural gas, natural gas liquids (NGLs), crude oil and refined products and, to a lesser extent, in other energy infrastructure companies. For more information, visit TTP's website at www.tortoiseadvisors.com or call (866) 362-9331.

11550 Ash Street, Suite 300, Leawood, KS 66211  |  Main 1-913-981-1020  |  Fax 1-913-981-1021  |  www.tortoiseadvisors.com

Tortoise
Pipeline & Energy Fund, Inc. (NYSE: TTP)

Section 19(a) Notification of Sources of Distribution

Distribution Period	November 2015
Distribution Amount per Share	$0.4500

The following table sets forth the estimated amounts of the current distribution, payable November 30, 2015, and the cumulative distributions paid this fiscal year to date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains and return of capital. All amounts are expressed per common share.

Estimated Sources of Distributions

							% Breakdown of the
			% Breakdown		($) Total Cumulative		Total Cumulative
	($) Current		of the Current		Distributions for the		Distributions for the
	Distribution		Distribution		Fiscal Year to Date		Fiscal Year to Date
Net Investment Income		0.0977		22%		0.3403		18%
Net Realized Short-Term Capital Gains		0.0069		1%		0.0057		0%
Net Realized Long-Term Capital Gains		0.2456		55%		1.3882		71%
Return of Capital		0.0998		22%		0.2158		11%
Total (per common share)		0.4500		100%		1.9500		100%
Average annual total return (in relation to NAV) from commencement of operations through 10/31/2015								4.89%
Annualized current distribution rate expressed as a percentage of NAV as of 10/31/2015								7.89%
Cumulative total return (in relation to NAV) for the fiscal year through 10/31/2015								-30.99%
Cumulative fiscal year distributions as a percentage of NAV as of 10/31/2015								8.55%

You should not draw any conclusions about TTP's investment performance from the amount of this distribution or from the terms of TTP’s distribution policy.

TTP estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in TTP is paid back to you. A return of capital distribution does not necessarily reflect TTP’s investment performance and should not be confused with "yield" or "income."

The amounts and sources of distributions reported are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon TTP's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. TTP will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

TTP is a non-diversified, closed-end management investment company that seeks to obtain a high level of total return with an emphasis on current distributions. TTP invests primarily in equity securities of pipeline companies that transport natural gas, natural gas liquids (NGLs), crude oil and refined products and, to a lesser extent, in other energy infrastructure companies. For more information, visit TTP's website at www.tortoiseadvisors.com or call (866) 362-9331.

11550 Ash Street, Suite 300, Leawood, KS 66211  |  Main 1-913-981-1020  |  Fax 1-913-981-1021  |  www.tortoiseadvisors.com