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.
Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) reported its unaudited balance sheet as of May 31, 2022, showing total assets of approximately $264.2 million and a net asset value of $232.6 million, translating to $17.24 per share. The asset coverage ratio for senior securities was a robust 865%. Investments were valued at $261.2 million while cash and cash equivalents stood at $0.8 million. The fund has 13.49 million common shares outstanding. For further details, visit the fund's portfolio page.
Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) has announced a monthly distribution of $0.09 per share. Distributions are scheduled for June 30, July 29, and August 31, 2022, with record dates on June 23, July 22, and August 24, 2022. Approximately 90-100% of distributions are estimated to be ordinary income, with the remainder as a return of capital. Investors can register for a webinar on May 18, 2022 for updates on the fund's sustainable infrastructure assets.
Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) released its unaudited balance sheet as of April 29, 2022, showing total assets of approximately $260.6 million and a net asset value of $232.1 million, equating to $17.21 per share. The fund's asset coverage ratio for senior securities was an impressive 941%. The balance sheet highlighted investments valued at $257.2 million, with 13.49 million common shares outstanding. Important additional details regarding holdings and financial metrics can be accessed via the fund’s portfolio webpage.
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Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) released its unaudited financials as of March 31, 2022, reporting total assets of approximately $263.1 million and net asset value of $236.8 million, equating to $17.55 per share. The asset coverage ratio under the 1940 Act stood at an impressive 1,055%. The fund's investments accounted for $258.4 million with 13.49 million common shares outstanding. For detailed portfolio information, visit their official websites.
The Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) has released its unaudited balance sheet as of February 28, 2022, revealing total assets of approximately $255.6 million and a net asset value of $231.5 million, or $17.16 per share. The fund's asset coverage ratio stands at an impressive 1,111% related to senior securities representing indebtedness. It has 13.49 million common shares outstanding, with investments totaling $252.6 million and other assets of $3 million, including cash equivalents.
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Ecofin Sustainable and Social Impact Term Fund (NYSE: TEAF) provided an update on its unaudited balance sheet as of January 31, 2022. The total assets are approximately $253.1 million, with a net asset value of $229.0 million or $16.97 per share. The asset coverage ratio stands at an impressive 1,083% for senior securities. The fund's investments account for $250.3 million, and it has 13.49 million common shares outstanding.
Ecofin Sustainable and Social Impact Term Fund (TEAF) has announced the tax characterization of its 2021 distributions, revealing that 32% was categorized as ordinary income, 39% as qualified dividend income, and 29% as a return of capital. Additionally, the fund released its annual stockholders' report, which is accessible online. A webinar scheduled for February 16, 2022, will provide updates on the fund's performance and sector outlook. For further details, interested parties can visit the fund's website.