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.
Tortoise Sustainable and Social Impact Term Fund was a NYSE-listed closed-end fund advised by Tortoise Capital Advisors, L.L.C. News for TEAF centers on its completed merger into Tortoise Energy Infrastructure Corp. (TYG), with TYG as the continuing fund and TEAF shares converted into newly issued TYG shares.
Earlier TEAF updates covered monthly closed-end fund distributions, distribution source estimates, unaudited balance sheet and net asset value information, 1940 Act asset coverage ratios for leverage, top holdings references, and updates on the fund's direct investments.
Ecofin Sustainable and Social Impact Term Fund (NYSE: TEAF) released its unaudited balance sheet as of October 31, 2022, showing total assets of approximately $242.2 million and a net asset value of $211.9 million, equating to $15.70 per share. The asset coverage ratio stood at 811%, indicating strong coverage of senior debt obligations. Key figures include investments totaling $238.6 million and credit facility borrowings of $29.8 million. TEAF continues to report on its direct investments and impact statistics, with an aim to reach 60% direct investments. Further updates and quarterly commentary are available on their website.
Ecofin has appointed Eileen Fargis as the new Group Lead for its Private Equity Sustainable Infrastructure team, effective immediately. With over 20 years of experience, Fargis previously managed a 2.1 GW energy generation portfolio and co-led a $1 billion private equity fund. Her expertise in project finance and connections in the power generation sector are expected to significantly enhance Ecofin's operations. The appointment is timely, following the Inflation Reduction Act which allocates $369 billion towards renewable energy, boosting prospects for U.S. private renewables.
Ecofin Sustainable and Social Impact Term Fund (TEAF) released unaudited balance sheet information as of September 30, 2022, reporting total assets of approximately $235.8 million and a net asset value of $205.4 million, equating to $15.22 per share. The fund's asset coverage ratio for senior securities was 801%. The company's investments totaled $232.3 million, while cash and equivalents were $0.3 million. There are 13.49 million common shares outstanding. For details on holdings and financial status, visit their website.
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Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) reported unaudited total assets of approximately $254.1 million and a net asset value of $224.2 million, equating to $16.62 per share as of August 31, 2022.
The fund's asset coverage ratio under the 1940 Act for senior securities was notably high at 878%. Additionally, the balance sheet indicates $251.2 million in investments and 13.49 million common shares outstanding.
Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) released its unaudited balance sheet information as of July 29, 2022. Total assets stood at approximately $261.6 million, with a net asset value of $228.4 million, equating to $16.93 per share. The fund's asset coverage ratio reached an impressive 921% regarding senior securities representing indebtedness. The fund has 13.49 million common shares outstanding, and its investments totaled $254.7 million.
Ecofin Sustainable and Social Impact Term Fund (TEAF) has released its 2022 semi-annual stockholders' report, which is now accessible online. Investors can view the report at this link. For those preferring a physical copy, requests can be made via phone or email. The fund is managed by TCA Advisors with Ecofin Advisors Limited serving as its sub-adviser. The report may contain forward-looking statements that involve risks and uncertainties, and readers are encouraged to review these aspects before making investment decisions.
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Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) provided an update on its financials as of June 30, 2022. The fund's total assets are approximately $249.1 million, with a net asset value of $219.2 million or $16.25 per share. The asset coverage ratio for senior securities is reported at 872%. TEAF has 13.49 million common shares outstanding. The fund continues to focus on sustainable investments, with its top holdings detailed on its portfolio webpage.
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