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Ecofin Sustainable and Social Impact Term Fund - TEAF STOCK NEWS

Welcome to our dedicated news page for Ecofin Sustainable and Social Impact Term Fund (Ticker: TEAF), a resource for investors and traders seeking the latest updates and insights on Ecofin Sustainable and Social Impact Term Fund.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Ecofin Sustainable and Social Impact Term Fund's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Ecofin Sustainable and Social Impact Term Fund's position in the market.

News
TEAF Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of March 28, 2024
Rhea-AI Summary
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.
Rhea-AI Impact
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End-of-Day
-0.25%
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News
Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of February 29, 2024, for TYG, NTG, TTP, NDP and TPZ
Rhea-AI Summary
Tortoise announces balance sheet information and asset coverage ratios for TYG, NTG, TTP, NDP, and TPZ
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.09%
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News
TEAF Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of February 29, 2024
Rhea-AI Summary
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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End-of-Day
0.09%
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News
Tortoise Announces Constituent Changes Due to Corporate Action
Rhea-AI Summary
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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End-of-Day
0.09%
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News
Tortoise Announces Posting of Corrected 2023 Annual Report
Rhea-AI Summary
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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End-of-Day
-0.09%
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News
Ecofin Sustainable and Social Impact Term Fund (TEAF) Announces its Upcoming Monthly Distributions
Rhea-AI Summary
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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Rhea-AI Sentiment
End-of-Day
-0.44%
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News
Ecofin Sustainable and Social Impact Term Fund (TEAF) Publishes Quarterly Commentary
Rhea-AI Summary
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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TEAF Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of January 31, 2024
Rhea-AI Summary
Ecofin Sustainable and Social Impact Term Fund (TEAF) provided unaudited balance sheet information and asset coverage ratio update. As of January 31, 2024, total assets were $227.6 million, net asset value was $197.7 million, and asset coverage ratio was 775%. The fund holds $225.4 million in investments and has 13.49 million common shares outstanding. TEAF also updated its direct investments and top 10 holdings.
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Rhea-AI Sentiment
End-of-Day
-0.96%
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News
Tortoise Power and Energy Infrastructure Fund, Inc. Provides Section 19(a) Notice
Rhea-AI Summary
Tortoise Power and Energy Infrastructure Fund, Inc. (TPZ) announced the distribution paid on January 31, 2024, and cumulative distribution paid fiscal year-to-date. The current distribution breakdown includes net investment income, net realized short-term capital gains, net realized long-term capital gains, and return of capital. The return of capital accounted for 72% of the total distribution. The average annual total return for the 5 years ending on 12/31/2023 was 5.78%. The annualized current distribution rate as a percentage of NAV was 7.72% as of 12/31/2023.
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0.84%
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News
TEAF Announces 2023 Fund Tax Characterization of Distributions, Release of Annual Report
Rhea-AI Summary
Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) announced the tax characterization of 2023 distributions paid to its common stockholders. The 2023 distributions were characterized as 31% qualified dividend income, 2% as ordinary income, and 67% return of capital. The adviser also released the 2023 annual stockholders' report. The fund's adviser and sub-adviser were mentioned, and a safe harbor statement was included.
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Ecofin Sustainable and Social Impact Term Fund

NYSE:TEAF

TEAF Rankings

#3956 Ranked by Market Cap
#3287 Ranked by Stock Gains
#215 Ranked by Dividends

TEAF Stock Data

155.42M
0.14%
35.23%
0.01%
Securities and Commodity Exchanges
Finance and Insurance
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United States
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.