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 (TEAF) provides investors with strategic exposure to essential assets and sustainable infrastructure projects. This news hub aggregates official updates including earnings announcements, leadership changes, and strategic initiatives related to renewable energy investments and social impact lending.
Access timely updates on TEAF's activities across traditional energy markets and decarbonization efforts. The curated news collection serves as a centralized resource for tracking portfolio developments, regulatory filings, and market positioning within the closed-end fund sector.
Key updates cover income distribution strategies, infrastructure acquisitions, and research-driven investment decisions. Visitors gain insights into how TEAF balances energy transition opportunities with stable income generation through diversified asset management.
Bookmark this page for streamlined access to verified information supporting analysis of TEAF's performance in essential services and sustainable markets. Regular updates ensure stakeholders remain informed about critical developments affecting long-term investment strategies.
Ecofin Sustainable and Social Impact Term Fund (NYSE: TEAF) reported its unaudited balance sheet as of December 31, 2021. Total assets amounted to approximately $260.7 million, with a net asset value of $234.9 million, translating to $17.41 per share. The fund's asset coverage ratio for senior securities was a robust 1,059%. The investments totaled $257.5 million and cash and equivalents stood at $0.6 million. The fund has 13.49 million common shares outstanding.
The Ecofin Sustainable and Social Impact Term Fund (NYSE: TEAF) provided an update on its unaudited financials as of November 30, 2021. The fund reported total assets of approximately $258.0 million and a net asset value of $232.6 million, translating to $17.24 per share. The asset coverage ratio for senior securities was notably high at 1,177%. The fund holds 13.49 million common shares outstanding and a diverse investment portfolio with total investments of $252.3 million.
The Ecofin Sustainable and Social Impact Term Fund (NYSE: TEAF) announced strong returns from the monetization of private debt investments in July. Notably, the bonds from PureCycle Technologies, a polypropylene recycling facility, were sold at a profit, achieving a 16.0% internal rate of return. MaST Community Charter School III's bonds were called, providing a 10.4% return as the school accessed public markets. The fund realized approximately $12M, reducing private investment allocation from 51% to 47%. TEAF emphasizes ongoing investment in sustainable equities as market valuations present compelling opportunities.
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