Welcome to our dedicated page for Tortoise Sustainable and Social Impact news (Ticker: TEAF), a resource for investors and traders seeking the latest updates and insights on Tortoise Sustainable and Social Impact stock.
This page provides a historical news archive for Tortoise Sustainable and Social Impact Term Fund (NYSE: TEAF), a closed-end fund that was advised by Tortoise Capital Advisors, L.L.C. and later merged into Tortoise Energy Infrastructure Corp. (NYSE: TYG). The coverage reflects TEAF’s role within the Tortoise closed-end fund platform and documents the key steps that led to its combination with TYG.
News items for TEAF include regular announcements of closed-end fund distributions issued by Tortoise Capital, where TEAF and TYG distribution amounts and payment dates were disclosed together. These releases also described the estimated tax character of distributions for book purposes, such as the portion treated as ordinary income and the portion treated as return of capital.
Another major category of news consists of periodic unaudited balance sheet and asset coverage ratio updates for TEAF and TYG. These updates summarized total assets, net assets, net asset value per share, margin loan facility borrowings for TEAF, and asset coverage ratios under the Investment Company Act of 1940 with respect to senior securities representing indebtedness. Company communications also pointed readers to fund web pages for details on top holdings and direct investments.
The archive further captures governance and corporate actions, including the announcement of shareholder approval of the merger of TEAF into TYG and the subsequent completion of that merger with TYG as the continuing fund. Follow-on releases discussed how the combined fund’s scale and distribution policy were affected by the transaction. By reviewing this TEAF news stream, investors can trace the fund’s evolution, its financial reporting practices, and the steps that led to its integration into TYG.
Tortoise Capital announced that Tortoise Energy Infrastructure Corp. (TYG) declared a monthly distribution of $0.475 per share, a 30% increase versus the Fund's prior monthly distributions following completion of the merger between Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) and TYG.
The distribution target is stated at 10%–15% of average NAV. Payment dates are Nov 28, 2025; Dec 31, 2025; Jan 30, 2026; Feb 27, 2026 for shareholders of record on Nov 21, 2025; Dec 24, 2025; Jan 23, 2026; Feb 20, 2026. For book purposes, the source is estimated at approximately 0%–20% ordinary income with the remainder as return of capital.
Tortoise Capital completed the merger of Tortoise Sustainable and Social Impact Term Fund into Tortoise Energy Infrastructure Corp (NYSE: TYG), with TYG as the continuing fund effective Nov. 7, 2025.
The combined fund reported $1.3 billion AUM as of Nov. 7, 2025. TEAF shares were converted into newly issued TYG shares at an exchange ratio of 0.2882637 based on NAVs as of Nov. 7, 2025. TYG retains its original investment strategy and objective of seeking a high level of total return with emphasis on current distributions, providing exposure across the energy value chain from natural gas and power generation to renewables and grid assets.
Tortoise Capital (NYSE: TEAF) announced shareholder approval to merge Tortoise Sustainable and Social Impact Term Fund (TEAF) into Tortoise Energy Infrastructure Corp. (TYG), with TYG as the surviving fund.
The merger is expected to become effective before market open on November 10, 2025. Upon completion, distributions for TYG will increase 30%. Combined assets under management for TYG and TEAF were approximately $1.269 billion as of September 30, 2025. The company said TYG will retain its current investment strategy and that the transaction completes a yearlong closed-end fund reorganization aimed at simplifying the product lineup and increasing scale.
Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) declared a monthly distribution of $0.090, payable October 31, 2025 to shareholders of record on October 24, 2025. The announcement was made alongside a $0.365 monthly distribution for Tortoise Energy Infrastructure Corp (NYSE:TYG), with the same record and pay dates.
For book purposes, the company estimated the source of distributions for TYG and TEAF to be approximately 0–10% ordinary income, with the remainder classified as return of capital.
Tortoise Capital has released unaudited balance sheet information and asset coverage ratio updates for two closed-end funds as of September 30, 2025. Tortoise Energy Infrastructure Corp. (NYSE:TYG) reported unaudited total assets of approximately $1.1 billion and a net asset value of $810.3 million ($47.01 per share), with asset coverage ratios of 637% for senior securities and 447% for preferred shares.
Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) disclosed unaudited total assets of $214.7 million and a net asset value of $178.4 million ($13.22 per share), with an asset coverage ratio of 605% for senior securities. The fund maintains transparency regarding its direct investments through regular updates on its website.
Tortoise Capital has released unaudited balance sheet information and asset coverage ratio updates for two closed-end funds as of August 29, 2025. Tortoise Energy Infrastructure Corp. (NYSE:TYG) reported unaudited total assets of approximately $1.0 billion and a net asset value of $788.7 million ($45.76 per share). TYG's asset coverage ratios were 685% for senior securities indebtedness and 464% for preferred shares.
Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) disclosed unaudited total assets of $213.9 million and a net asset value of $178.0 million ($13.20 per share), with an asset coverage ratio of 609% for senior securities indebtedness.
Tortoise Capital has declared monthly distributions for its closed-end funds. Tortoise Energy Infrastructure Corp. (TYG) will distribute $0.365 per share, while the Tortoise Sustainable and Social Impact Term Fund (TEAF) will distribute $0.090 per share.
Both distributions are payable on September 30, 2025, to shareholders of record as of September 23, 2025. The source of distributions is estimated to be 0-10% ordinary income, with the remainder as return of capital.
Tortoise Capital has released unaudited balance sheet information and asset coverage ratio updates for two closed-end funds as of July 31, 2025. Tortoise Energy Infrastructure Corp. (NYSE:TYG) reported unaudited total assets of approximately $1.0 billion and a net asset value of $815.9 million ($47.34 per share), with asset coverage ratios of 634% for senior securities and 496% for preferred shares.
Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) disclosed unaudited total assets of $215.9 million and a net asset value of $180.6 million ($13.39 per share), with an asset coverage ratio of 621% for senior securities.
[ "Strong asset coverage ratios above 600% for both funds indicate solid financial health", "TYG maintains substantial total assets of $1.0 billion", "Both funds maintain healthy cash positions and balanced leverage" ]Tortoise Capital has released its combined 2025 semi-annual stockholders' report for two of its closed-end funds: Tortoise Energy Infrastructure Corp. (NYSE:TYG) and Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF). The report is now accessible online at cef.tortoisecapital.com, with hard copies available upon request via phone or email at no cost.
Tortoise Capital has released unaudited balance sheet information and asset coverage ratio updates for two closed-end funds as of June 30, 2025. Tortoise Energy Infrastructure Corp. (NYSE:TYG) reported unaudited total assets of approximately $1.0 billion and a net asset value of $800.0 million, or $46.41 per share. The company's asset coverage ratios were 635% for senior securities indebtedness and 495% for preferred shares.
Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) disclosed unaudited total assets of $214.6 million and a net asset value of $181.2 million, or $13.43 per share. TEAF's asset coverage ratio for senior securities indebtedness stood at 659%. The fund maintains 13.49 million common shares outstanding, while TYG has 17.24 million common shares outstanding.
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