Tortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of July 31, 2025, for TYG and TEAF
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" ]Tortoise Capital ha pubblicato informazioni non revisionate sul bilancio e aggiornamenti sul rapporto di copertura degli asset per due fondi chiusi al 31 luglio 2025. Tortoise Energy Infrastructure Corp. (NYSE:TYG) ha riportato attività totali non revisionate di circa 1,0 miliardi di dollari e un valore patrimoniale netto di 815,9 milioni di dollari (47,34 dollari per azione), con rapporti di copertura degli asset del 634% per i titoli senior e del 496% per le azioni privilegiate.
Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) ha reso noto attività totali non revisionate di 215,9 milioni di dollari e un valore patrimoniale netto di 180,6 milioni di dollari (13,39 dollari per azione), con un rapporto di copertura degli asset del 621% per i titoli senior.
- Rapporti di copertura degli asset elevati, superiori al 600% per entrambi i fondi, indicano una solida salute finanziaria
- TYG mantiene attività totali significative pari a 1,0 miliardi di dollari
- Entrambi i fondi conservano posizioni di liquidità sane e un equilibrio nel leverage
Tortoise Capital ha publicado información no auditada del balance y actualizaciones del ratio de cobertura de activos para dos fondos cerrados al 31 de julio de 2025. Tortoise Energy Infrastructure Corp. (NYSE:TYG) reportó activos totales no auditados de aproximadamente 1.000 millones de dólares y un valor neto de activos de 815,9 millones de dólares (47,34 dólares por acción), con ratios de cobertura de activos del 634% para valores senior y 496% para acciones preferentes.
Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) reveló activos totales no auditados de 215,9 millones de dólares y un valor neto de activos de 180,6 millones de dólares (13,39 dólares por acción), con un ratio de cobertura de activos del 621% para valores senior.
- Ratios de cobertura de activos superiores al 600% en ambos fondos indican una sólida salud financiera
- TYG mantiene activos totales sustanciales de 1.000 millones de dólares
- Ambos fondos mantienen posiciones de efectivo saludables y un apalancamiento equilibrado
Tortoise Capital는 2025년 7월 31일 기준으로 두 개의 폐쇄형 펀드에 대한 감사되지 않은 대차대조표 정보와 자산 커버리지 비율 업데이트를 발표했습니다. Tortoise Energy Infrastructure Corp. (NYSE:TYG)는 약 10억 달러의 감사되지 않은 총 자산과 8억 1,590만 달러의 순자산 가치(주당 47.34달러)를 보고했으며, 선순위 증권에 대한 자산 커버리지 비율은 634%, 우선주에 대해서는 496%입니다.
Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF)는 2억 1,590만 달러의 감사되지 않은 총 자산과 1억 8,060만 달러의 순자산 가치(주당 13.39달러)를 공개했으며, 선순위 증권에 대한 자산 커버리지 비율은 621%입니다.
- 두 펀드 모두 600% 이상의 높은 자산 커버리지 비율을 유지하여 견고한 재무 건전성을 나타냄
- TYG는 10억 달러의 상당한 총 자산을 유지함
- 두 펀드 모두 건강한 현금 보유와 균형 잡힌 레버리지를 유지함
Tortoise Capital a publié des informations non auditées sur le bilan et des mises à jour du ratio de couverture des actifs pour deux fonds fermés au 31 juillet 2025. Tortoise Energy Infrastructure Corp. (NYSE:TYG) a déclaré des actifs totaux non audités d'environ 1,0 milliard de dollars et une valeur nette d'actifs de 815,9 millions de dollars (47,34 dollars par action), avec des ratios de couverture des actifs de 634 % pour les titres seniors et de 496 % pour les actions privilégiées.
Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) a révélé des actifs totaux non audités de 215,9 millions de dollars et une valeur nette d'actifs de 180,6 millions de dollars (13,39 dollars par action), avec un ratio de couverture des actifs de 621 % pour les titres seniors.
- Des ratios de couverture des actifs élevés, supérieurs à 600 % pour les deux fonds, indiquent une solide santé financière
- TYG maintient des actifs totaux importants de 1,0 milliard de dollars
- Les deux fonds maintiennent des positions de trésorerie saines et un levier équilibré
Tortoise Capital hat zum 31. Juli 2025 nicht testierte Bilanzinformationen und Aktualisierungen der Vermögensdeckungsquote für zwei geschlossene Fonds veröffentlicht. Tortoise Energy Infrastructure Corp. (NYSE:TYG) meldete nicht testierte Gesamtvermögenswerte von etwa 1,0 Milliarde US-Dollar und einen Nettoinventarwert von 815,9 Millionen US-Dollar (47,34 US-Dollar pro Aktie) mit Vermögensdeckungsquoten von 634 % für vorrangige Wertpapiere und 496 % für Vorzugsaktien.
Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) gab nicht testierte Gesamtvermögenswerte von 215,9 Millionen US-Dollar und einen Nettoinventarwert von 180,6 Millionen US-Dollar (13,39 US-Dollar pro Aktie) bekannt, mit einer Vermögensdeckungsquote von 621 % für vorrangige Wertpapiere.
- Starke Vermögensdeckungsquoten von über 600 % bei beiden Fonds deuten auf eine solide finanzielle Gesundheit hin
- TYG hält beträchtliche Gesamtvermögenswerte von 1,0 Milliarde US-Dollar
- Beide Fonds weisen gesunde Liquiditätspositionen und ausgewogene Verschuldung auf
- None.
- None.
Insights
Tortoise funds TYG and TEAF show strong asset coverage ratios, indicating healthy financial positions with substantial cushion above regulatory requirements.
The unaudited financial data reveals both Tortoise funds maintain solid financial positions. TYG reports approximately
Similarly, TEAF shows healthy metrics with
The capital structure of both funds reflects a balanced approach to leverage. TYG employs
The high coverage ratios indicate these funds have significant financial flexibility and safety margins in their capital structures. This conservative positioning is particularly valuable given market uncertainties, suggesting management is prioritizing stability while maintaining adequate leverage to enhance returns for shareholders.
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
As of July 31, 2025, the company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was
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
As of July 31, 2025, the company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was
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
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?
What are TYG's total assets and asset coverage ratios?
How many common shares are outstanding for TEAF?
What is TYG's leverage structure as of July 31, 2025?
Where can investors find information about TEAF's direct investments?
