Tortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of June 30, 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 June 30, 2025. Tortoise Energy Infrastructure Corp. (NYSE:TYG) reported unaudited total assets of approximately $1.0 billion and a net asset value of $800.0 million, or $46.41 per share. The company's asset coverage ratios were 635% for senior securities indebtedness and 495% for preferred shares.
Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) disclosed unaudited total assets of $214.6 million and a net asset value of $181.2 million, or $13.43 per share. TEAF's asset coverage ratio for senior securities indebtedness stood at 659%. The fund maintains 13.49 million common shares outstanding, while TYG has 17.24 million common shares outstanding.
Tortoise Capital ha pubblicato informazioni non revisionate sul bilancio e aggiornamenti sul rapporto di copertura degli asset per due fondi chiusi al 30 giugno 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 800,0 milioni di dollari, ovvero 46,41 dollari per azione. I rapporti di copertura degli asset della società erano del 635% per l'indebitamento su titoli senior e del 495% per le azioni privilegiate.
Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) ha comunicato attività totali non revisionate di 214,6 milioni di dollari e un valore patrimoniale netto di 181,2 milioni di dollari, ovvero 13,43 dollari per azione. Il rapporto di copertura degli asset di TEAF per l'indebitamento su titoli senior era del 659%. Il fondo detiene 13,49 milioni di azioni ordinarie in circolazione, mentre TYG ne ha 17,24 milioni.
Tortoise Capital ha publicado información no auditada del balance general y actualizaciones de la ratio de cobertura de activos para dos fondos cerrados al 30 de junio de 2025. Tortoise Energy Infrastructure Corp. (NYSE:TYG) reportó activos totales no auditados de aproximadamente 1.0 mil millones de dólares y un valor neto de activos de 800.0 millones de dólares, o 46.41 dólares por acción. Las ratios de cobertura de activos de la compañía fueron del 635% para la deuda de valores senior y del 495% para las acciones preferentes.
Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) reveló activos totales no auditados de 214.6 millones de dólares y un valor neto de activos de 181.2 millones de dólares, o 13.43 dólares por acción. La ratio de cobertura de activos de TEAF para la deuda de valores senior fue del 659%. El fondo mantiene 13.49 millones de acciones comunes en circulación, mientras que TYG tiene 17.24 millones de acciones comunes en circulación.
Tortoise Capital은 2025년 6월 30일 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 달러의 순자산가치, 주당 46.41달러를 보고했습니다. 회사의 자산 커버리지 비율은 선순위 증권 부채에 대해 635%, 우선주에 대해 495%였습니다.
Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF)는 감사되지 않은 총 자산 2억 1,460만 달러와 순자산가치 1억 8,120만 달러, 주당 13.43달러를 공개했습니다. TEAF의 선순위 증권 부채에 대한 자산 커버리지 비율은 659%였습니다. 이 펀드는 1,349만 주의 보통주를 발행 중이며, TYG는 1,724만 주의 보통주를 발행 중입니다.
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 30 juin 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 800,0 millions de dollars, soit 46,41 dollars par action. Les ratios de couverture des actifs de la société étaient de 635 % pour l'endettement des titres seniors et de 495 % pour les actions privilégiées.
Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) a révélé des actifs totaux non audités de 214,6 millions de dollars et une valeur nette d'actifs de 181,2 millions de dollars, soit 13,43 dollars par action. Le ratio de couverture des actifs de TEAF pour l'endettement des titres seniors s'élevait à 659 %. Le fonds détient 13,49 millions d'actions ordinaires en circulation, tandis que TYG en possède 17,24 millions.
Tortoise Capital hat zum 30. Juni 2025 nicht testierte Bilanzinformationen und Aktualisierungen der Asset-Coverage-Quoten 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 800,0 Millionen US-Dollar, bzw. 46,41 US-Dollar pro Aktie. Die Asset-Coverage-Quoten des Unternehmens lagen bei 635 % für Senior-Schuldtitel und 495 % für Vorzugsaktien.
Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) gab nicht testierte Gesamtvermögenswerte von 214,6 Millionen US-Dollar und einen Nettoinventarwert von 181,2 Millionen US-Dollar, bzw. 13,43 US-Dollar pro Aktie, bekannt. Die Asset-Coverage-Quote von TEAF für Senior-Schuldtitel betrug 659 %. Der Fonds hält 13,49 Millionen ausstehende Stammaktien, während TYG 17,24 Millionen ausstehende Stammaktien hat.
- TYG maintains strong asset coverage ratios of 635% for senior securities and 495% for preferred shares
- TEAF demonstrates solid asset coverage ratio of 659% for senior securities
- Both funds maintain substantial total assets with TYG at $1.0 billion and TEAF at $214.6 million
- TYG carries significant leverage of $202.7 million across various instruments
- TEAF has $32.4 million in margin loan facility borrowings
Insights
TYG and TEAF reported strong balance sheets with healthy asset coverage ratios of 635% and 659% respectively, well above regulatory requirements.
The latest financial disclosures for Tortoise's funds reveal solid positioning. TYG reported
TEAF shows similar strength with
The high coverage ratios are particularly noteworthy as they demonstrate both funds have significant headroom before approaching regulatory minimums. This provides portfolio managers with flexibility to navigate market volatility without forced selling and protects against potential covenant breaches. TYG's diversified leverage structure—utilizing short-term borrowings, senior notes, and preferred stock—further enhances its financial resilience. The minimal cash positions (
OVERLAND PARK, KS / ACCESS Newswire / July 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 June 30, 2025, the company's unaudited total assets were approximately
As of June 30, 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 June 30, 2025.
Unaudited balance sheet
(in Millions) | Per Share | |||||||
Investments | $ | 1,007.8 | $ | 58.47 | ||||
Cash and Cash Equivalents | 0.1 | 0.01 | ||||||
Current Tax Assets | 0.4 | 0.02 | ||||||
Other Assets | 3.8 | 0.22 | ||||||
Total Assets | 1,012.1 | 58.72 | ||||||
Short-Term Borrowings | 72.7 | 4.22 | ||||||
Senior Notes | 85.1 | 4.94 | ||||||
Preferred Stock | 44.9 | 2.60 | ||||||
Total Leverage | 202.7 | 11.76 | ||||||
Other Liabilities | 3.8 | 0.23 | ||||||
Deferred Tax Liability | 5.6 | 0.32 | ||||||
Net Assets | $ | 800.0 | $ | 46.41 | ||||
17.24 million common shares currently outstanding.
Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) today announced that as of June 30, 2025, the company's unaudited total assets were approximately
As of June 30, 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 June 30, 2025.
Unaudited balance sheet
(in Millions) | Per Share | |||||||
Investments | $ | 212.7 | $ | 15.76 | ||||
Cash and Cash Equivalents | 1.0 | 0.07 | ||||||
Other Assets | 0.9 | 0.07 | ||||||
Total Assets | 214.6 | 15.90 | ||||||
Margin Loan Facility Borrowings | 32.4 | 2.40 | ||||||
Other Liabilities | 1.0 | 0.07 | ||||||
Net Assets | $ | 181.2 | $ | 13.43 | ||||
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
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