Tortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of July 31, 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 July 31, 2025. Tortoise Energy Infrastructure Corp. (NYSE:TYG) reported unaudited total assets of approximately $1.0 billion and a net asset value of $815.9 million ($47.34 per share), with asset coverage ratios of 634% for senior securities and 496% for preferred shares.

Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) disclosed unaudited total assets of $215.9 million and a net asset value of $180.6 million ($13.39 per share), with an asset coverage ratio of 621% for senior securities.

[ "Strong asset coverage ratios above 600% for both funds indicate solid financial health", "TYG maintains substantial total assets of $1.0 billion", "Both funds maintain healthy cash positions and balanced leverage" ]

OVERLAND PARK, KS / ACCESS Newswire / August 1, 2025 / Tortoise Capital today announced the following unaudited balance sheet information and asset coverage ratio updates for closed-end funds TYG and TEAF.

Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of July 31, 2025, the company's unaudited total assets were approximately $1.0 billion and its unaudited net asset value was $815.9 million, or $47.34 per share.

As of July 31, 2025, the company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 634%, and its coverage ratio for preferred shares was 496%. 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 July 31, 2025.

Unaudited balance sheet

		(in Millions)				Per Share
Investments		$	1,025.4			$	59.49
Cash and Cash Equivalents			0.5				0.03
Current Tax Assets			0.4				0.02
Other Assets			4.7				0.27
Total Assets			1,031.0				59.81
Short-Term Borrowings			76.1				4.42
Senior Notes			85.1				4.94
Preferred Stock			44.9				2.60
Total Leverage			206.1				11.96
Other Liabilities			3.4				0.19
Deferred Tax Liability			5.6				0.32
Net Assets		$	815.9			$	47.34

17.24 million common shares currently outstanding.

Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) today announced that as of July 31, 2025, the company's unaudited total assets were approximately $215.9 million and its unaudited net asset value was $180.6 million, or $13.39 per share.

As of July 31, 2025, the company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 621%. 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 July 31, 2025.

Unaudited balance sheet

		(in Millions)				Per Share
Investments		$	214.4			$	15.89
Cash and Cash Equivalents			0.5				0.04
Other Assets			1.0				0.07
Total Assets			215.9				16.00
Margin Loan Facility Borrowings			34.7				2.57
Other Liabilities			0.6				0.04
Net Assets		$	180.6			$	13.39

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 June 30, 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 TEAF's net asset value (NAV) per share as of July 31, 2025?

TEAF reported an unaudited net asset value of $13.39 per share as of July 31, 2025.

What are TYG's total assets and asset coverage ratios?

TYG reported unaudited total assets of $1.0 billion with asset coverage ratios of 634% for senior securities and 496% 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 July 31, 2025?

TYG's total leverage of $206.1 million consists of $76.1 million in short-term borrowings, $85.1 million in senior notes, and $44.9 million in preferred stock.

Where can investors find information about TEAF's direct investments?

Investors can find TEAF's direct investment updates on the company website at cef.tortoisecapital.com/funds/teaf/#portfolio and deal summaries at cef.tortoisecapital.com/funds/teaf/#deal-summaries-list.