Welcome to our dedicated page for Ecofin Sustainable and Social Impact Term Fund news (Ticker: $TEAF), a resource for investors and traders seeking the latest updates and insights on Ecofin Sustainable and Social Impact Term Fund stock.
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.
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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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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-0.53%
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Rhea-AI Summary
Ecofin Sustainable and Social Impact Term Fund (TEAF) provides unaudited balance sheet information and asset coverage ratio update. As of December 29, 2023, the company's unaudited total assets were approximately $231.0 million and its unaudited net asset value was $202.5 million, or $15.01 per share. The asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 879%. The fund has 113.49 million common shares outstanding and provides updates on direct investments on its website.
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0.6%
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Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) declares a monthly distribution of $0.105 per share, payable on December 29, 2023, to shareholders of record on December 22, 2023.
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-0.25%
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Rhea-AI Summary
Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) provided preliminary unaudited balance sheet information with total assets of approximately $225.0 million and net asset value of $200.2 million, or $14.84 per share as of November 30, 2023. The company's asset coverage ratio under the 1940 Act was 934%.
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TortoiseEcofin announces the removal of Holly Energy Partners LP (HEP) from the Tortoise MLP Index® (TMLP) and the Tortoise North American Pipeline IndexSM (TNAP) due to the approved acquisition by HF Sinclair Corp (DINO). HEP will be removed from the indices at market open on Friday, December 1, 2023, with a special rebalancing in TMLP triggered by the acquisition.
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Rhea-AI Summary
Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) announces 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 upcoming distribution dates are December 29, 2023, January 31, 2024, and February 29, 2024. The source of distributions for TEAF is estimated to be approximately 30 to 40% ordinary income, with the remainder as return of capital.
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0.6%
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Ecofin releases the Ecofin Tax-Advantaged Social Impact Fund (NASDAQ:TSIFX) quarterly commentary, featuring deal transactions, market update, and outlook.
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-0.77%
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Denbury Inc. (NYSE:DEN) will be removed from the Tortoise Recycling Decarbonization IndexSM (RCYCL) and the Tortoise Recycling Decarbonization UCITSSM Index (RECYCLE) due to its approved acquisition by Exxon Mobil Corp (NYSE:XOM). The removal will take place at market open on Friday, November 3, 2023. The indices will not require special rebalancing and the weight of DEN will be distributed proportionally to the remaining constituents.
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Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) has reported unaudited total assets of approximately $227.8 million and a net asset value of $197.4 million, or $14.63 per share, as of October 31, 2023. The company's asset coverage ratio for senior securities representing indebtedness is 793%. The fund also provides updates on its direct investments.
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2.91%
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Ecofin Sustainable and Social Impact Term Fund
NYSE:TEAF
TEAF Rankings
TEAF Stock Data
155.55M
13.49M
0.14%
35.23%
0.01%
Securities and Commodity Exchanges
Finance and Insurance
United States of America
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.