Tortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of September 30, 2025, for TYG and TEAF

Rhea-AI Summary

Tortoise Capital has released unaudited balance sheet information and asset coverage ratio updates for two closed-end funds as of September 30, 2025. Tortoise Energy Infrastructure Corp. (NYSE:TYG) reported unaudited total assets of approximately $1.1 billion and a net asset value of $810.3 million ($47.01 per share), with asset coverage ratios of 637% for senior securities and 447% for preferred shares.

Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) disclosed unaudited total assets of $214.7 million and a net asset value of $178.4 million ($13.22 per share), with an asset coverage ratio of 605% for senior securities. The fund maintains transparency regarding its direct investments through regular updates on its website.

Positive

• None.

Negative

• TYG carries significant leverage with total leverage of $233.8 million
• Both funds maintain relatively low cash positions relative to total assets

Insights

Financial Analyst

Tortoise funds TYG and TEAF report solid asset coverage ratios, with TYG showing strong NAV of $47.01 per share.

The latest financial disclosures from Tortoise Capital reveal key metrics for two of its closed-end funds. Tortoise Energy Infrastructure Corp. (TYG) reported unaudited total assets of approximately $1.1 billion with a net asset value of $810.3 million, translating to $47.01 per share. The fund maintains healthy coverage ratios with an asset coverage ratio for indebtedness at 637% and 447% for preferred shares—both well above regulatory requirements.

TYG's leverage profile shows total leverage of $233.8 million, comprised of short-term borrowings ($23.8 million), senior notes ($140.1 million), and preferred stock ($69.9 million). This leverage structure represents approximately 22.2% of total assets, indicating conservative financial management.

Meanwhile, Tortoise Sustainable and Social Impact Term Fund (TEAF) reported unaudited total assets of $214.7 million and net asset value of $178.4 million ($13.22 per share). TEAF's asset coverage ratio for indebtedness stands at 605%, with margin loan facility borrowings of $35.3 million.

These metrics demonstrate both funds are operating with substantial cushions above the minimum 300% asset coverage requirements mandated by the Investment Company Act of 1940 for closed-end funds. The strong coverage ratios suggest these funds maintain financial flexibility while providing exposure to their respective investment strategies.

Tortoise Capital today announced the following unaudited balance sheet information and asset coverage ratio updates for closed-end funds TYG and TEAF.

OVERLAND PARK, KS / ACCESS Newswire / October 1, 2025 / Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of September 30, 2025, the company's unaudited total assets were approximately $1.1 billion and its unaudited net asset value was $810.3 million, or $47.01 per share.

As of September 30, 2025, the company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 637%, and its coverage ratio for preferred shares was 447%. For more information on the company's coverage ratios, please refer to the leverage summary web page at https://cef.tortoisecapital.com.

Set forth below is a summary of the company's unaudited balance sheet at September 30, 2025.

Unaudited balance sheet

		(in Millions)				Per Share
Investments		$	1,051.1			$	60.98
Cash and Cash Equivalents			0.9				0.05
Current Tax Assets			0.4				0.02
Other Assets			2.4				0.15
Total Assets			1,054.8				61.20
Short-Term Borrowings			23.8				1.38
Senior Notes			140.1				8.13
Preferred Stock			69.9				4.06
Total Leverage			233.8				13.57
Other Liabilities			5.1				0.30
Deferred Tax Liability			5.6				0.32
Net Assets		$	810.3			$	47.01

17.24 million common shares currently outstanding.

Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) today announced that as of September 30, 2025, the company's unaudited total assets were approximately $214.7 million and its unaudited net asset value was $178.4 million, or $13.22 per share.

As of September 30, 2025, the company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 605%. For more information on the company's coverage ratios, please refer to the leverage summary web page at https://cef.tortoisecapital.com.

Set forth below is a summary of the company's unaudited balance sheet at September 30, 2025.

Unaudited balance sheet

		(in Millions)				Per Share
Investments		$	212.2			$	15.73
Cash and Cash Equivalents			1.8				0.14
Other Assets			0.7				0.05
Total Assets			214.7				15.92
Margin Loan Facility Borrowings			35.3				2.62
Other Liabilities			1.0				0.08
Net Assets		$	178.4			$	13.22

13.49 million common shares outstanding.

The top 10 holdings for TYG and TEAF as of the most recent month-end can be found on each fund's portfolio web page at https://cef.tortoisecapital.com.

TEAF also provides update on direct investments.

TEAF provides an update on the fund's direct investments on the company website at https://cef.tortoisecapital.com/funds/teaf/#portfolio. Details on each private deal that has taken place over the prior month will be published on the website at https://cef.tortoisecapital.com/funds/teaf/#deal-summaries-list. The list includes all deals completed since the fund's inception.

About Tortoise Capital

With approximately $9.1 billion in assets under management as of August 31, 2025, Tortoise Capital's record of investment experience and research dates back more than 20 years. As an early investor in midstream energy, Tortoise Capital believes it is well-

positioned to be at the forefront of the global energy evolution that is under way. Based in Overland Park, Kansas, Tortoise Capital Advisors, L.L.C. is an SEC-registered fund manager that invests primarily in publicly traded companies in the energy and power infrastructure sectors-from production to transportation to distribution. For more information about Tortoise Capital, visit http://www.TortoiseCapital.com.

Tortoise Capital Advisors, L.L.C. is the adviser to Tortoise Energy Infrastructure Corp. and Tortoise Sustainable and Social Impact Term Fund.

For additional information on these funds, please visit cef.tortoisecapital.com.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains certain statements that may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although the funds and Tortoise Capital Advisors believe that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the fund's reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, the funds and Tortoise Capital Advisors do not assume a duty to update this forward-looking statement.

Safe harbor statement

This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.

Media Contacts

Craft & Capital

Chris Sullivan chris@craftandcapital.com

Rob Jesselson rob@craftandcapital.com

SOURCE: Tortoise Capital

View the original press release on ACCESS Newswire

FAQ

What is the current net asset value (NAV) per share for TEAF as of September 30, 2025?

TEAF's unaudited net asset value per share is $13.22 as of September 30, 2025.

How much total assets does Tortoise Energy Infrastructure Corp (TYG) manage?

TYG reported unaudited total assets of approximately $1.1 billion as of September 30, 2025.

What are the asset coverage ratios for TYG's securities?

TYG maintains an asset coverage ratio of 637% for senior securities representing indebtedness and 447% for preferred shares.

How many common shares are outstanding for TEAF?

TEAF has 13.49 million common shares outstanding.

What is TYG's leverage structure as of September 30, 2025?

TYG's total leverage of $233.8 million consists of short-term borrowings ($23.8M), senior notes ($140.1M), and preferred stock ($69.9M).