SEC Form N-CSR filed by Tortoise Sustainable and Social Impact Term Fund
$TEAF
Trusts Except Educational Religious and Charitable
Finance
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Tortoise Capital Advisors, L.L.C. (Tortoise Capital), a fund manager focused on energy investing, today announced plans to merge two of its closed-end funds. The board of directors of each of Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) and Tortoise Energy Infrastructure Corp. (NYSE:TYG) have approved the merger of TEAF into TYG, with TYG as the surviving company. This strategic merger is designed to enhance scale, improve efficiency, and strengthen Tortoise Capital's leadership in energy infrastructure investing – while better serving shareholders. As of May 31, 2025, the combined total assets under management of TYG and TEAF are approximately $1.2 billion. TYG will ret
Tortoise Capital Advisors, L.L.C. (Tortoise Capital), a fund manager focused on energy investing, today announced a series of strategic actions following the completion of the previously disclosed strategic review of the Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF). This initial phase focused on evaluating the impact of blending private and public investments in a closed-end fund structure. With this phase now complete, the focus is on implementing changes to the portfolio. These actions are designed to enhance shareholder value and maintain alignment with Tortoise Capital's core investment expertise. As part of this review, TEAF engaged Lucid Capital Markets to facilitate
OVERLAND PARK, KS / ACCESSWIRE / January 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 Dec. 31, 2024, the company's unaudited total assets were approximately $992.7 million and its unaudited net asset value was $800.6 million, or $46.45 per share.As of Dec. 31, 2024, the company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 716%, and its coverage ratio for preferred shares was 540%. For more information on the company's coverage ratios, please ref
4 - TORTOISE SUSTAINABLE & SOCIAL IMPACT TERM FUND (0001704299) (Issuer)
4 - TORTOISE SUSTAINABLE & SOCIAL IMPACT TERM FUND (0001704299) (Issuer)
4 - TORTOISE SUSTAINABLE & SOCIAL IMPACT TERM FUND (0001704299) (Issuer)