Tortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of August 29, 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 August 29, 2025. Tortoise Energy Infrastructure Corp. (NYSE:TYG) reported unaudited total assets of approximately $1.0 billion and a net asset value of $788.7 million ($45.76 per share). TYG's asset coverage ratios were 685% for senior securities indebtedness and 464% for preferred shares.
Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) disclosed unaudited total assets of $213.9 million and a net asset value of $178.0 million ($13.20 per share), with an asset coverage ratio of 609% for senior securities indebtedness.
Tortoise Capital ha pubblicato informazioni di stato patrimoniale non revisionate e aggiornamenti sul rapporto di copertura degli asset per due fondi chiusi al 29 agosto 2025. Tortoise Energy Infrastructure Corp. (NYSE:TYG) ha comunicato attività totali non revisionate pari a circa $1,0 miliardo e un patrimonio netto di $788,7 milioni (equivalente a $45,76 per azione). I rapporti di copertura degli asset di TYG sono stati del 685% per l’indebitamento delle obbligazioni senior e del 464% per le azioni privilegiate.
Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) ha reso noti attività totali non revisionate per $213,9 milioni e un patrimonio netto di $178,0 milioni ($13,20 per azione), con un rapporto di copertura degli asset del 609% per l’indebitamento delle obbligazioni senior.
Tortoise Capital ha publicado balances no auditados y actualizaciones de la ratio de cobertura de activos para dos fondos cerrados con fecha 29 de agosto de 2025. Tortoise Energy Infrastructure Corp. (NYSE:TYG) informó activos totales no auditados por aproximadamente $1.0 mil millones y un valor patrimonial neto de $788.7 millones ($45.76 por acción). Las ratios de cobertura de activos de TYG fueron del 685% para el endeudamiento de valores senior y del 464% para las acciones preferentes.
Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) divulgó activos totales no auditados de $213.9 millones y un valor patrimonial neto de $178.0 millones ($13.20 por acción), con una ratio de cobertura de activos del 609% para el endeudamiento de valores senior.
Tortoise Capital은 2025년 8월 29일 기준으로 두 개의 폐쇄형 펀드에 대한 미감사 대차대조표 정보와 자산 커버리지 비율 업데이트를 공개했습니다. Tortoise Energy Infrastructure Corp. (NYSE:TYG)는 대략 $1.0 billion의 미감사 총자산과 $788.7 million의 순자산(주당 $45.76)을 보고했습니다. TYG의 자산 커버리지 비율은 선순위 증권 부채에 대해 685%, 우선주에 대해 464%였습니다.
Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF)는 미감사 총자산 $213.9 million과 순자산 $178.0 million(주당 $13.20)을 공개했으며, 선순위 증권 부채에 대한 자산 커버리지 비율은 609%였습니다.
Tortoise Capital a publié des informations de bilan non auditées et des mises à jour du ratio de couverture des actifs pour deux fonds fermés au 29 août 2025. Tortoise Energy Infrastructure Corp. (NYSE:TYG) a déclaré des actifs totaux non audités d'environ 1,0 milliard $ et une valeur nette de 788,7 M$ (45,76 $ par action). Les ratios de couverture des actifs de TYG étaient de 685 % pour l’endettement des titres seniors et de 464 % pour les actions privilégiées.
Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) a indiqué des actifs totaux non audités de 213,9 M$ et une valeur nette de 178,0 M$ (13,20 $ par action), avec un ratio de couverture des actifs de 609 % pour l’endettement des titres seniors.
Tortoise Capital hat zum 29. August 2025 nicht testierte Bilanzdaten und Aktualisierungen der Asset-Coverage-Ratios für zwei Closed-End-Fonds veröffentlicht. Tortoise Energy Infrastructure Corp. (NYSE:TYG) meldete nicht testierte Gesamtaktiva von rund $1,0 Milliarden und ein Nettovermögen von $788,7 Millionen (entspricht $45,76 je Aktie). Die Asset-Coverage-Ratios von TYG lagen bei 685% für Verbindlichkeiten aus vorrangigen Wertpapieren und bei 464% für Vorzugsaktien.
Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) gab nicht testierte Gesamtaktiva von $213,9 Millionen und ein Nettovermögen von $178,0 Millionen ($13,20 je Aktie) bekannt, mit einer Asset-Coverage-Ratio von 609% für Verbindlichkeiten aus vorrangigen Wertpapieren.
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Insights
TYG and TEAF funds report strong financial positions with high asset coverage ratios and stable balance sheets as of August 2025.
The recent financial disclosure from Tortoise Capital reveals a solid financial position for both its flagship funds. Tortoise Energy Infrastructure Corp (TYG) reported
The fund's capital structure appears conservatively managed with total leverage of
Similarly, the Tortoise Sustainable and Social Impact Term Fund (TEAF) maintains a healthy financial profile with
The robust asset coverage ratios for both funds suggest ample financial flexibility and a significant buffer against market volatility. This conservative leverage approach typically indicates lower financial risk for shareholders, though it may also mean more measured returns in certain market environments. The minimal cash positions in both funds (
OVERLAND PARK, KS / ACCESS Newswire / September 2, 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 August 29, 2025, the company's unaudited total assets were approximately
As of August 29, 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 August 29, 2025.
Unaudited balance sheet
(in Millions) | Per Share | |||||||
Investments | $ | 1,010.5 | $ | 58.63 | ||||
Cash and Cash Equivalents | 0.4 | 0.02 | ||||||
Current Tax Assets | 0.4 | 0.03 | ||||||
Other Assets | 3.2 | 0.18 | ||||||
Total Assets | 1,014.5 | 58.86 | ||||||
Short-Term Borrowings | 6.6 | 0.38 | ||||||
Senior Notes | 140.1 | 8.13 | ||||||
Preferred Stock | 69.9 | 4.06 | ||||||
Total Leverage | 216.6 | 12.57 | ||||||
Other Liabilities | 3.6 | 0.21 | ||||||
Deferred Tax Liability | 5.6 | 0.32 | ||||||
Net Assets | $ | 788.7 | $ | 45.76 | ||||
17.24 million common shares currently outstanding.
Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) today announced that as of August 29, 2025, the company's unaudited total assets were approximately
As of August 29, 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 August 29, 2025.
Unaudited balance sheet
(in Millions) | Per Share | |||||||
Investments | $ | 212.3 | $ | 15.74 | ||||
Cash and Cash Equivalents | 0.6 | 0.04 | ||||||
Other Assets | 1.0 | 0.07 | ||||||
Total Assets | 213.9 | 15.85 | ||||||
Margin Loan Facility Borrowings | 35.0 | 2.59 | ||||||
Other Liabilities | 0.9 | 0.06 | ||||||
Net Assets | $ | 178.0 | $ | 13.20 | ||||
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
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
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