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Ecofin Sustainable and Social Impact Term Fund (TEAF) Announces its Upcoming Monthly Distributions
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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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OVERLAND PARK, KS / ACCESSWIRE / February 7, 2024 / Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) announced its monthly distribution of $0.09 per share. This distribution falls within the managed distribution target range of 6-8% of the Fund's trailing average NAV.
Upcoming distribution dates
TEAF monthly 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.
For book purposes, the source of distributions for TEAF is estimated to be approximately 35 to 45% ordinary income, with the remainder as return of capital. For tax purposes, the characterization will not be made until determination of earnings and profits after year end.
This press release contains certain statements that may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although the fund and TCA believe that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the fund's reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, the fund and TCA do not assume a duty to update this forward-looking statement.
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