Tortoise Sustainable and Social Impact Stock Price, News & Analysis

Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) has released its unaudited balance sheet information and asset coverage ratio updates as of July 31, 2024. The fund's unaudited total assets were approximately $221.0 million, with a net asset value of $200.8 million, or $14.89 per share. The company's asset coverage ratio under the 1940 Act for senior securities representing indebtedness was 1,120%.

Key balance sheet figures include $219.3 million in investments, $0.3 million in cash and cash equivalents, and $19.7 million in credit facility borrowings. The fund has 13.49 million common shares outstanding. TEAF also provides updates on its direct investments and portfolio holdings on its website.

Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) has released its second quarter 2024 commentary. The report, now available on the company's website, provides insights into the fund's performance, focusing on both public and direct investments in essential asset sectors. TEAF is advised by TCA Advisors and sub-advised by Ecofin Advisors

The commentary offers valuable information for investors interested in sustainable and social impact investments. It highlights the fund's strategy and performance in various essential asset sectors, which could include areas such as renewable energy, water infrastructure, and social services. This quarterly update serves as a important resource for stakeholders to assess the fund's progress and alignment with its sustainable and social impact objectives.

Ecofin Sustainable and Social Impact Term Fund (TEAF) has released its 2024 semi-annual stockholders' report. The report is now available online at the fund's website. Investors can request a free hard copy of the report by calling (866) 362-9331 or emailing info@ecofininvest.com. TCA Advisors serves as the adviser to TEAF, while Ecofin Advisors acts as the fund's sub-adviser. The press release includes standard safe harbor and cautionary statements regarding the information provided.

Tortoise has released unaudited balance sheet information and asset coverage ratios for its funds TYG, NTG, TTP, NDP, and TPZ as of June 28, 2024.

TYG reported unaudited total assets of $554.1M and a net asset value (NAV) of $436.8M or $40.58 per share. The asset coverage ratio under the 1940 Act for senior securities was 693%, and for preferred shares, it was 479%.

NTG reported total assets of $311.8M and an NAV of $254.5M or $49.96 per share. Its asset coverage ratio was 732% for senior securities and 553% for preferred shares.

TTP had total assets of $99.0M and an NAV of $81.7M or $40.62 per share, with an asset coverage ratio of 925% for senior securities and 588% for preferred shares.

NDP's total assets were $77.1M and its NAV was $66.5M or $39.92 per share, with an asset coverage ratio of 752% for senior securities.

TPZ reported total assets of $128.8M and an NAV of $106.7M or $18.12 per share, with an asset coverage ratio of 594% for senior securities.

On July 1, 2024, Ecofin Sustainable and Social Impact Term Fund (NYSE: TEAF) provided an update on its unaudited balance sheet and asset coverage ratio as of June 28, 2024. The company's total assets were approximately $226.6 million, with a net asset value (NAV) of $196.9 million or $14.59 per share. TEAF's asset coverage ratio was 786%. Key balance sheet figures included $224.5 million in investments, $0.3 million in cash and equivalents, and $1.8 million in other assets. The fund had $28.7 million in credit facility borrowings and $1.0 million in other liabilities. There are 13.49 million common shares outstanding. Additional details on TEAF's top 10 holdings and monthly updates on direct investments are available on their website.

Ecofin Sustainable and Social Impact Term Fund (NYSE: TEAF) has released unaudited balance sheet information as of May 31, 2024. The fund reported total assets of approximately $221.8 million and a net asset value (NAV) of $200.2 million, translating to $14.84 per share. The asset coverage ratio under the 1940 Act for senior securities representing indebtedness was noted at 1,058%. Key figures include $219.4 million in investments, $0.5 million in cash and cash equivalents, and $1.9 million in other assets. The fund has $20.9 million in credit facility borrowings and $0.7 million in other liabilities, with 13.49 million common shares outstanding.

TEAF also provides regular updates on direct investments via its website, with monthly summaries of private deals. TCA Advisors acts as the fund adviser, with Ecofin Advisors as the sub-adviser.

Ecofin Sustainable and Social Impact Term Fund (TEAF) announced its 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 June 28, 2024, July 31, 2024, and August 30, 2024, with estimated sources of approximately 40 to 50% ordinary income. For more information, visit their website.

Ecofin has released its quarterly commentary piece for the Ecofin Tax-Advantaged Social Impact Fund (NASDAQ: TSIFX), showcasing deal transactions and providing a market update and outlook.

TEAF's unaudited balance sheet information as of April 30, 2024, reveals total assets of around $205.8 million and net asset value of $194.3 million, or $14.40 per share, with an asset coverage ratio of 1,850%. The company also updated its top 10 holdings and provided details on direct investments.