TEAF: Saba Capital Exits Position, Now Reports 0 Common Shares

Rhea-AI Filing Summary

Tortoise Sustainable and Social Impact Term Fund (TEAF) received an Amendment No. 8 to Schedule 13D from Saba Capital Management and related filers. The amendment reports that Saba Capital Management, L.P., Saba Capital Management GP, LLC, and Boaz R. Weinstein now beneficially own 0 common shares of TEAF, representing 0% of the fund’s outstanding common shares.

The ownership percentages are calculated using 13,491,127 common shares outstanding as of May 31, 2025, as disclosed in the fund’s N‑CSRS. Recent transactions in TEAF shares between November 6 and November 10, 2025 are summarized in Schedule A, which is incorporated by reference. The reporting persons state that they have not been subject to criminal convictions or specified civil securities law proceedings in the last five years.

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Accepted by SEC EDGAR 11/17/2025 - 04:13 PM Learn about SEC filing dates

FAQ

What does Saba Capital’s Amendment No. 8 to Schedule 13D/A for TEAF report?

The amendment reports that Saba Capital Management, L.P., Saba Capital Management GP, LLC, and Boaz R. Weinstein now beneficially own 0 common shares of Tortoise Sustainable and Social Impact Term Fund (TEAF), representing 0% of the fund’s common shares.

How much of TEAF’s common shares does Saba Capital now own?

The reporting persons state that they beneficially own 0.00 TEAF common shares, which represents 0% of the outstanding class based on the share count disclosed by the fund.

What share count did the TEAF Schedule 13D/A use to calculate ownership percentages?

The amendment uses 13,491,127 TEAF common shares outstanding as of May 31, 2025, as reported in the fund’s N‑CSRS filed on August 4, 2025, to calculate the ownership percentages.

Who are the reporting persons in the TEAF Schedule 13D/A Amendment No. 8?

The reporting persons are Saba Capital Management, L.P., Saba Capital Management GP, LLC, and Boaz R. Weinstein. They jointly file the amendment and describe their roles in managing investment funds and accounts.

What period of TEAF share transactions is referenced in Schedule A?

The amendment states that transactions in TEAF common shares by the reporting persons from the filing on November 6, 2025 through November 10, 2025 are listed in Schedule A, which is incorporated by reference.

Have the TEAF reporting persons faced recent criminal or certain civil securities proceedings?

The reporting persons state that, during the last five years, they have not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) and have not been parties to specified civil securities law proceedings resulting in injunctions or similar orders.

What is the business of Saba Capital in relation to TEAF?

Saba Capital explains that its principal business is to serve as an investment manager to private and public investment funds and accounts that may hold or trade TEAF common shares. Saba Capital Management GP, LLC acts as its general partner, and Boaz R. Weinstein is the managing member of the general partner.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 8)

Tortoise Sustainable and Social Impact Term Fund

(Name of Issuer)

Common Shares, $0.001 par value

(Title of Class of Securities)

27901F109

(CUSIP Number)

Saba Capital Management, L.P.
405 Lexington Avenue, 58th Floor, Attention: Michael D'Angelo
New York, NY, 10174
(212) 542-4635

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

11/10/2025

(Date of Event Which Requires Filing of This Statement)

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

CUSIP No. 27901F109

1

Name of reporting person

Saba Capital Management, L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0 %

14

Type of Reporting Person (See Instructions)

PN, IA

SCHEDULE 13D

CUSIP No. 27901F109

1

Name of reporting person

Boaz R. Weinstein

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP No. 27901F109

1

Name of reporting person

Saba Capital Management GP, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Shares, $0.001 par value
(b)	Name of Issuer: Tortoise Sustainable and Social Impact Term Fund
(c)	Address of Issuer's Principal Executive Offices: 5901 College Boulevard, Suite 400, Overland Park, KANSAS , 66211.
Item 1 Comment: This Amendment No. 8 amends Items 5 and 7.
Item 2.	Identity and Background
(a)	This Schedule 13D/A is being jointly filed by: (i) Saba Capital Management, L.P., a Delaware limited partnership ("Saba Capital"); (ii) Saba Capital Management GP, LLC, a Delaware limited liability company ("Saba GP"); and (iii) Mr. Boaz R. Weinstein ("Mr. Weinstein"), (together, the "Reporting Persons"). Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party. The filing of this statement should not be construed as an admission that any Reporting Person is, for the purposes of Sections 13 of the Securities Exchange Act of 1934, the beneficial owner of the Common Shares reported herein.
(b)	The address of the business office of each of the Reporting Persons is 405 Lexington Avenue, 58th Floor, New York, New York 10174.
(c)	The principal business of: (i) Saba Capital is to serve as investment manager to private and public investment funds and/or accounts, (ii) Saba GP is to serve as general partner of the Saba Capital and other affiliated entities, and (iii) Mr. Weinstein, an individual, is managing member of the general partner of Saba Capital and other affiliated entities.
(d)	The Reporting Persons have not, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e)	The Reporting Persons have not, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result of such proceeding, was, or is subject to, a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or State securities laws or finding any violation with respect to such laws.
(f)	Saba Capital is organized as a limited partnership under the laws of the State of Delaware. Saba GP is organized as a limited liability company under the laws of the State of Delaware. Mr. Weinstein is a citizen of the United States.
Item 3.	Source and Amount of Funds or Other Consideration
	Not Applicable.
Item 4.	Purpose of Transaction
	Not Applicable.
Item 5.	Interest in Securities of the Issuer
(a)	See the Reporting Persons section of this Schedule 13D/A for the aggregate number of Common Shares and percentages of the Common Shares beneficially owned by each of the Reporting Persons. 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.
(b)	See the Reporting Persons section of this Schedule 13D/A for the number of Common Shares as to which each Reporting Person has the sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition.
(c)	The transactions in the Common Shares effected from the filing of the Schedule 13D/A on 11/6/25 by the Reporting Persons to 11/10/25, the date of the event which required filing of this Schedule 13D/A, are set forth in Schedule A, and are incorporated herein by reference.
(d)	The funds and accounts advised by Saba Capital have the right to receive the dividends and proceeds of sales from the Common Shares.
(e)	Nov-10-2025
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	Not Applicable.
Item 7.	Material to be Filed as Exhibits.
	Exhibit 6 - Schedule A

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Saba Capital Management, L.P.

Signature:	/s/ Michael D'Angelo
Name/Title:	General Counsel
Date:	11/17/2025

Boaz R. Weinstein

Signature:	/s/ Michael D'Angelo
Name/Title:	Authorized Signatory
Date:	11/17/2025

Saba Capital Management GP, LLC

Signature:	/s/ Michael D'Angelo
Name/Title:	Attorney-in-fact*
Date:	11/17/2025

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