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.
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.
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