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Ecofin Sustainable and Social Impact Term Fund - $TEAF STOCK NEWS

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Ecofin has released its quarterly commentary piece for the Ecofin Tax-Advantaged Social Impact Fund (NASDAQ: TSIFX), showcasing deal transactions and providing a market update and outlook.

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TEAF's unaudited balance sheet information as of April 30, 2024, reveals total assets of around $205.8 million and net asset value of $194.3 million, or $14.40 per share, with an asset coverage ratio of 1,850%. The company also updated its top 10 holdings and provided details on direct investments.

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Rhea-AI Summary
Ecofin Sustainable and Social Impact Term Fund (TEAF) has released its first quarter 2024 commentary, highlighting fund performance in essential asset sectors. The commentary is available on the company website, providing insight into public and direct investments. TCA Advisors and Ecofin Advisors play key roles in managing the fund.
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Ecofin Sustainable and Social Impact Term Fund (TEAF) releases unaudited balance sheet information showing total assets of $225.2 million and net asset value of $199.9 million as of March 28, 2024, with an asset coverage ratio of 923% for senior securities. The fund also updates on direct investments and provides details on its top 10 holdings.
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Tortoise announces balance sheet information and asset coverage ratios for TYG, NTG, TTP, NDP, and TPZ
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Ecofin Sustainable and Social Impact Term Fund (TEAF) reported unaudited total assets of $220.2 million and net asset value of $196.2 million as of February 29, 2024, with an asset coverage ratio of 946%. The fund also disclosed top 10 holdings and updates on direct investments.
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CropEnergies AG (Xetra:CE2 GY) is being removed from Tortoise Recycling Decarbonization Index and Tortoise Recycling Decarbonization UCITS Index due to its acquisition by Suedzucker AG. The removal took effect on February 21, 2024, without the need for special rebalancing.
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Tortoise corrects its Energy Infrastructure Total Return Fund 2023 annual report, adding the Alerian Midstream Energy Select Index benchmark. No other changes made.
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Ecofin Sustainable and Social Impact Term Fund (TEAF) announced a monthly distribution of $0.09 per share falling within the managed distribution target range of 6-8% of the Fund's trailing average NAV. The distributions are payable on March 29, 2024, April 30, 2024, and May 31, 2024, to shareholders of record on the respective dates of March 22, 2024, April 23, 2024, and May 24, 2024. The source of distributions for TEAF is estimated to be approximately 35 to 45% ordinary income, with the remainder as return of capital. Tax characterization will be determined after year end. TCA Advisors is the adviser to the fund, and Ecofin Advisors Limited is the sub-adviser.
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Ecofin Sustainable and Social Impact Term Fund (TEAF) has released its fourth quarter 2023 commentary, highlighting fund performance in essential asset sectors. TCA Advisors and Ecofin Advisors Limited are the fund's adviser and sub-adviser, respectively. The press release emphasizes the availability of the commentary piece on the company website and provides a link for additional information.
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Ecofin Sustainable and Social Impact Term Fund

NYSE:TEAF

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158.12M
13.49M
0.14%
35.23%
0.01%
Securities and Commodity Exchanges
Finance and Insurance
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United States of America
Leawood

About TEAF

tortoise specializes in essential assets and income. tortoise invests in assets and services that serve essential needs in society and can also serve essential client needs, such as diversification and income. tortoise’s expertise spans traditional energy investing across the entire energy value chain, sustainable infrastructure including wind, solar and water infrastructure, credit investing, direct lending to social infrastructure projects and index construction. through a variety of investment vehicles, tortoise provides a wide range of client solutions, focused on their evolving needs. for more information, please visit www.tortoiseadvisors.com.