Tortoise Sustainable and Social Impact Stock Price, News & Analysis

Ecofin Sustainable and Social Impact Term Fund (TEAF) released its unaudited balance sheet for March 31, 2023, indicating total assets of approximately $249.5 million and a net asset value of $215.1 million, equating to $15.94 per share. The fund's asset coverage ratio is reported at 750% concerning senior securities representing indebtedness. Key financial figures include $246.8 million in investments and $33.1 million in credit facility borrowings. The fund has approximately 13.49 million common shares outstanding, with ongoing updates on direct investments available on its website.

Tortoise Power and Energy Infrastructure Fund (NYSE: TPZ) announced a distribution of $0.1050 per common share on March 31, 2023, comprised of various income sources. The breakdown indicates that 21% originates from net investment income and 26% from net realized long-term capital gains. Notably, 53% is classified as a return of capital, which may impact investors' perceptions of yield and income. For the fiscal year-to-date, cumulative distributions amount to $0.4200, with a total return relative to NAV of -0.63%. The advisory firm emphasizes that return of capital distributions do not necessarily reflect TPZ's performance.

Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) released its unaudited balance sheet information as of February 28, 2023. The total assets stood at approximately $246.2 million, with a net asset value of $214.4 million, or $15.89 per share. The company reported an asset coverage ratio of 796% concerning senior securities representing indebtedness. Key assets included $242.9 million in investments and $1.1 million in cash. The unaudited balance sheet reflects a total of 13.49 million common shares outstanding. Updates regarding direct investments are available on the fund's website.

Ecofin Sustainable and Social Impact Term Fund (TEAF) has announced its monthly distribution of $0.09 per share, aligning with its managed distribution target of 6-8% of the Fund's trailing average NAV. The upcoming distribution dates are March 31, 2023, April 28, 2023, and May 31, 2023, with record dates on March 24, April 21, and May 24 respectively. For accounting purposes, approximately 40-60% of the distributions are estimated to be from ordinary income, with the remainder classified as return of capital. Tax characterization will be determined after the year-end. For further details, please visit the fund's page.

Ecofin Sustainable and Social Impact Term Fund (TEAF) has announced the tax characterization of its 2022 distributions to common stockholders. The distributions were classified as 35% qualified dividend income, 9% ordinary income, and 56% return of capital. Additionally, TEAF released its 2022 annual stockholders' report, accessible online or by request. The fund's adviser, TCA Advisors, emphasizes that the press release does not act as an offer to sell or buy securities. It also contains forward-looking statements that involve risks and uncertainties, which may not reflect actual results.