Additional TEAF announcements include:

Upcoming distribution dates and amounts

Availability of third calendar quarter commentary

October monthly portfolio update

Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) today announced that the Board approved the adoption of a managed distribution policy and a 6.7% increase in its monthly distributions to $0.08 per share beginning in December and payable on the dates noted below. Based on TEAF's current price of $14.91, the distribution represents an annualized distribution rate of 6.44%.

"This distribution increase coincides with the notable constructive outlook we hold for the underlying assets in the TEAF portfolio and further shift to sustainable investments moving into 2022. We are confident in the income generation and expected long-term total return of the portfolio, driven by the low correlation and differentiated income streams of the underlying assets, and we expect to monetize a portion of total return over time and return to shareholders in the form of monthly distributions," said Nick Holmes, Managing Director and Portfolio Manager.

Upcoming distribution dates and amounts

TEAF monthly distributions are payable on December 31, 2021, January 31, 2022, and February 28, 2022, to shareholders of record on the respective dates of December 24, 2021, January 24, 2022, and February 21, 2022.

For book purposes, the source of distributions for TEAF is estimated to be approximately 90 to 100% ordinary income, with the remainder as return of capital. For tax purposes, the characterization will not be made until determination of earnings and profits after year end.

Availability of third calendar quarter commentary

TEAF commentary has been published for the third calendar quarter of 2021. The commentary piece highlights fund performance of the public and direct investments in the essential asset sectors in which the fund invests. A copy of the commentary piece is available here on the company website.

October monthly portfolio update

Additionally, an update on TEAF's direct investments, portfolio asset allocation, structure types and impact statistics as of October 31, 2021 are provided on the company website here. On a monthly basis, details on each private deal that has taken place over the prior month will be published here. The list includes all deals completed since the fund's inception through October 31, 2021. Updates will continue to be posted on a monthly basis until the fund reaches its target of 60% direct investments.

2021 Tax Characterization Information

For tax purposes, 60 to 80% of TEAF's 2021 distributions are expected to be characterized as dividend income with the remainder as return of capital. A final determination of the characterization will be made in January 2022, and you will receive a form 1099-DIV for each fund in which you are invested.

For additional information on this fund, please visit cef.tortoiseecofin.com.

About Ecofin

Ecofin is a sustainable investment firm dedicated to uniting ecology and finance. Our mission is to generate strong risk-adjusted returns while optimizing investors' impact on society. We are socially minded, ESG-attentive investors, harnessing years of expertise investing in sustainable infrastructure, energy transition, clean water & environment and social impact. Our strategies are accessible through a variety of investment solutions and seek to achieve positive impacts that align with UN Sustainable Development Goals by addressing pressing global issues surrounding climate action, clean energy, water, education, healthcare and sustainable communities. Ecofin Investments, LLC is the parent of registered investment advisers Ecofin Advisors, LLC and Ecofin Advisors Limited (collectively "Ecofin"). To learn more, please visit www.ecofininvest.com.

Tortoise Capital Advisors, L.L.C. (also dba TCA Advisors) ("TCA") is the adviser to Ecofin Sustainable and Social Impact Term Fund and Ecofin Advisors Limited is the fund's sub-adviser.

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.

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, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although the fund and TCA 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 fund and TCA do not assume a duty to update this forward-looking statement.

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Ecofin Sustainable and Social Impact Term Fund (TEAF) Increases its Monthly Distribution 6.7% to $0.08 Per Share