Tortoise Sustainable and Social Impact Stock Price, News & Analysis

Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) released its preliminary unaudited balance sheet as of December 30, 2022, showing total assets of approximately $246.4 million and a net asset value of $215.7 million, equivalent to $15.99 per share. The asset coverage ratio regarding senior securities was notably high at 831%. The fund reported 13.49 million common shares outstanding. Updates on direct investments and quarterly commentary on fund performance are available on the company website.

Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) released preliminary unaudited balance sheet information as of November 30, 2022. The total assets were approximately $251.8 million, with a net asset value of $221.5 million or $16.42 per share. The fund's asset coverage ratio was an impressive 850% concerning senior securities representing indebtedness. The fund has 13.49 million common shares outstanding, with significant investments listed, the largest being $248.6 million in investments.

Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) has announced a monthly distribution of $0.09 per share. The upcoming distribution dates are December 30, 2022, January 31, 2023, and February 28, 2023, with record dates set for December 23, January 24, and February 21 respectively.

Approximately 40 to 60% of the distributions are expected to be from ordinary income, while the remainder will be a return of capital. A final characterization will be communicated in January 2023, along with a form 1099-DIV.

Ecofin Sustainable and Social Impact Term Fund (NYSE: TEAF) released its unaudited balance sheet as of October 31, 2022, showing total assets of approximately $242.2 million and a net asset value of $211.9 million, equating to $15.70 per share. The asset coverage ratio stood at 811%, indicating strong coverage of senior debt obligations. Key figures include investments totaling $238.6 million and credit facility borrowings of $29.8 million. TEAF continues to report on its direct investments and impact statistics, with an aim to reach 60% direct investments. Further updates and quarterly commentary are available on their website.

Ecofin has appointed Eileen Fargis as the new Group Lead for its Private Equity Sustainable Infrastructure team, effective immediately. With over 20 years of experience, Fargis previously managed a 2.1 GW energy generation portfolio and co-led a $1 billion private equity fund. Her expertise in project finance and connections in the power generation sector are expected to significantly enhance Ecofin's operations. The appointment is timely, following the Inflation Reduction Act which allocates $369 billion towards renewable energy, boosting prospects for U.S. private renewables.

Ecofin Sustainable and Social Impact Term Fund (TEAF) released unaudited balance sheet information as of September 30, 2022, reporting total assets of approximately $235.8 million and a net asset value of $205.4 million, equating to $15.22 per share. The fund's asset coverage ratio for senior securities was 801%. The company's investments totaled $232.3 million, while cash and equivalents were $0.3 million. There are 13.49 million common shares outstanding. For details on holdings and financial status, visit their website.

Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) reported unaudited total assets of approximately $254.1 million and a net asset value of $224.2 million, equating to $16.62 per share as of August 31, 2022.

The fund's asset coverage ratio under the 1940 Act for senior securities was notably high at 878%. Additionally, the balance sheet indicates $251.2 million in investments and 13.49 million common shares outstanding.