STOCK TITAN

Notifications

Limited Time Offer! Get Platinum at the Gold price until January 31, 2026!

Sign up now and unlock all premium features at an incredible discount.

Read more on the Pricing page

[SCHEDULE 13D/A] TORTOISE SUSTAINABLE & SOCIAL IMPACT TERM FUND SEC Filing

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A
Rhea-AI Filing Summary

Saba Capital Management filed Amendment No. 7 to Schedule 13D for Tortoise Sustainable and Social Impact Term Fund (TEAF), reporting beneficial ownership of 1,189,792 common shares, equal to 8.82% of the class. The filing lists shared voting power over 1,189,792 shares and shared dispositive power over 1,189,792 shares, with no sole voting or dispositive power.

The percentage is based on 13,491,127 shares outstanding as of 5/31/25, as disclosed in the company’s N-CSRS. Saba states that approximately $15,788,351 was paid to acquire the reported shares. The date of the event triggering the amendment is 11/05/2025. The funds and accounts advised by Saba Capital have the right to receive dividends and proceeds of sales from these shares. Recent transactions within sixty days prior to the event date are referenced in Schedule A.

Positive
  • None.
Negative
  • None.





If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).






SCHEDULE 13D




Comment for Type of Reporting Person:
The percentages used herein are calculated based upon 13,491,127 shares of common stock outstanding as of 5/31/25, as disclosed in the company's N-CSRS filed 8/4/25.


SCHEDULE 13D




Comment for Type of Reporting Person:
The percentages used herein are calculated based upon 13,491,127 shares of common stock outstanding as of 5/31/25, as disclosed in the company's N-CSRS filed 8/4/25.


SCHEDULE 13D




Comment for Type of Reporting Person:
The percentages used herein are calculated based upon 13,491,127 shares of common stock outstanding as of 5/31/25, as disclosed in the company's N-CSRS filed 8/4/25.


SCHEDULE 13D


Saba Capital Management, L.P.
Signature:/s/ Michael D'Angelo
Name/Title:General Counsel
Date:11/06/2025
Boaz R. Weinstein
Signature:/s/ Michael D'Angelo
Name/Title:Authorized Signatory
Date:11/06/2025
Saba Capital Management GP, LLC
Signature:/s/ Michael D'Angelo
Name/Title:Attorney-in-fact*
Date:11/06/2025
Comments accompanying signature:
Pursuant to a power of attorney dated as of November 16, 2015, which is incorporated herein by reference to Exhibit 2 to the Schedule 13G filed by the Reporting Persons on December 28, 2015, accession number: 0001062993-15-006823

FAQ

What stake in TEAF did Saba Capital disclose in this 13D/A?

Saba reported 1,189,792 common shares, representing 8.82% of TEAF’s outstanding shares.

What voting and dispositive power does Saba have over TEAF shares?

The filing lists shared voting power of 1,189,792 and shared dispositive power of 1,189,792; no sole power is reported.

What share count was used to calculate the 8.82% for TEAF (symbol TEAF)?

The percentage is based on 13,491,127 shares outstanding as of 5/31/25, per TEAF’s N-CSRS.

How much did Saba pay to acquire the reported TEAF shares?

The filing states approximately $15,788,351 was paid to acquire the reported shares.

What is the event date for this TEAF Schedule 13D/A amendment?

The date of the event requiring the filing is 11/05/2025.

Who are the reporting persons in this TEAF 13D/A?

The reporting persons are Saba Capital Management, L.P., Saba Capital Management GP, LLC, and Boaz R. Weinstein.

Do Saba’s advised funds receive dividends and sale proceeds from TEAF shares?

Yes. The filing states the funds and accounts advised by Saba have the right to receive dividends and sale proceeds.
Tortoise Sustainable and Social Impact

NYSE:TEAF

TEAF Rankings

TEAF Latest News

TEAF Latest SEC Filings

TEAF Stock Data

166.48M
13.49M
0.04%
39.9%
0.09%
Asset Management
Financial Services
Link
United States
Overland Park