Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  CFC Transactions, L.L.C.
 2. Date of Event Requiring Statement (Month/Day/Year)
10/31/2011		 3. Issuer Name and Ticker or Trading Symbol
TORTOISE PIPELINE & ENERGY FUND, INC. [TTP]
(Last)
(First)
(Middle)
TWO NORTH LASALLE STREET, SUITE 800		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
_____ Officer (give title below) __X__ Other (specify below)
Affiliate of Inv Advisor
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

CHICAGO, IL 60602		 6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Shares 0
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
CFC Transactions, L.L.C.
TWO NORTH LASALLE STREET
SUITE 800
CHICAGO, IL 60602		       Affiliate of Inv Advisor
MREM Cohen GP, LLC
4200 W. 115TH STREET
SUITE 100
LEAWOOD, KS 66211		       Affiliate of Inv Advisor
MREM Cohen LP, LLC
4200 W. 115TH STREET
SUITE 100
LEAWOOD, KS 66211		       Affiliate of Inv Advisor
MREC FUNDING, LLC
4200 W 115TH ST
STE 100
LEAWOOD, KS 66211		       Affiliate of Inv Advisor
CYPRESS CAPITAL MANAGEMENT, LP
450 SANSOME ST
STE 200
SAN FRANCISCO, CA 94111		       Affiliate of Inv Advisor
CAPSTAN ASSET MANAGEMENT, LLC
4200 W 115TH ST
STE 100
LEAWOOD, KS 66211		       Affiliate of Inv Advisor
TACTICAL INVESTMENT MANAGERS, LLC
4200 W 115TH ST
STE 100
LEAWOOD, KS 66211		       Affiliate of Inv Advisor
ENTERPRISE RISK STRATEGIES, LLC
4200 W 115TH ST
STE 100
LEAWOOD, KS 66211		       Affiliate of Inv Advisor
ERS INSURANCE, INC
4200 W 115TH ST
STE 100
LEAWOOD, KS 66211		       Affiliate of Inv Advisor
CORRIDOR ENERGY LLC
4200 W 115TH ST
STE 100
LEAWOOD, KS 66211		       Affiliate of Inv Advisor

Signatures

/s/ Martin Bicknell, on behalf of all other persons 12/06/2011
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
 
Remarks:
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