• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
PublishDashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees
    Legal
    Terms of usePrivacy policyCookie policy

    Tortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of December 31, 2024, for TYG and TEAF

    1/2/25 7:25:00 PM ET
    $TEAF
    $TYG
    Trusts Except Educational Religious and Charitable
    Finance
    Investment Managers
    Finance
    Get the next $TEAF alert in real time by email

    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 refer to the leverage summary web page at https://cef.tortoiseadvisors.com.

    Set forth below is a summary of the company's unaudited balance sheet at Dec. 31, 2024.

    Unaudited balance sheet

    (in Millions)

    Per Share

    Investments

    $ 989.3

    $ 57.40

    Cash and Cash Equivalents

    0.7

    0.04

    Other Assets

    2.7

    0.16

    Total Assets

    992.7

    57.60

    Short-Term Borrowings

    39.2

    2.27

    Senior Notes

    98.1

    5.69

    Preferred Stock

    44.9

    2.61

    Total Leverage

    182.2

    10.57

    Other Liabilities

    4.1

    0.25

    Deferred Tax Liability

    5.6

    0.32

    Current Tax Liability

    0.2

    0.01

    Net Assets

    $ 800.6

    $ 46.45

    17.24 million common shares currently outstanding.

    Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) today announced that as of Dec. 31, 2024 the company's unaudited total assets were approximately $220.9 million and its unaudited net asset value was $188.4 million, or $13.96 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 698%. For more information on the company's coverage ratios, please refer to the leverage summary web page at https://cef.tortoiseadvisors.com.

    Set forth below is a summary of the company's preliminary unaudited balance sheet at Dec. 31, 2024.

    Unaudited balance sheet

    (in Millions)

    Per Share

    Investments

    $ 215.3

    $ 15.96

    Cash and Cash Equivalents

    4.2

    0.31

    Other Assets

    1.4

    0.10

    Total Assets

    220.9

    16.37

    Credit Facility Borrowings

    31.5

    2.33

    Other Liabilities

    1.0

    0.08

    Net Assets

    $ 188.4

    $ 13.96

    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.tortoiseadvisors.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.tortoiseadvisors.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.tortoiseadvisors.com/funds/teaf/#deal-summaries-list. The list includes all deals completed since the fund's inception. Updates will continue to be posted on a monthly basis if there was a deal during the prior month until the fund reaches its target of 60% direct investments.

    About Tortoise Capital
    With approximately $9.9 billion in assets under management as of Nov. 30, 2024, Tortoise Capital's record of investment experience and research dates back more than 20 years. As an early investor in midstream energy, Tortoise Capital believes it is well-

    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 www.TortoiseAdvisors.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.tortoiseadvisors.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
    Margaret Kirch Cohen/Richard Chimberg
    Newton Park PR
    +1 847-507-2229
    +1 617-312-4281
    [email protected]
    [email protected]

    SOURCE: Tortoise Capital



    View the original press release on accesswire.com

    Get the next $TEAF alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $TEAF
    $TYG

    CompanyDatePrice TargetRatingAnalyst
    More analyst ratings

    $TEAF
    $TYG
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Large owner Saba Capital Management, L.P. bought $1,119 worth of shares (100 units at $11.19) (SEC Form 4)

      4 - TORTOISE SUSTAINABLE & SOCIAL IMPACT TERM FUND (0001704299) (Issuer)

      4/29/25 10:06:00 AM ET
      $TEAF
      Trusts Except Educational Religious and Charitable
      Finance
    • Large owner Saba Capital Management, L.P. bought $1,119 worth of shares (100 units at $11.19) (SEC Form 4)

      4 - TORTOISE SUSTAINABLE & SOCIAL IMPACT TERM FUND (0001704299) (Issuer)

      4/28/25 4:25:33 PM ET
      $TEAF
      Trusts Except Educational Religious and Charitable
      Finance
    • Large owner Saba Capital Management, L.P. bought $112,615 worth of shares (10,100 units at $11.15) (SEC Form 4)

      4 - TORTOISE SUSTAINABLE & SOCIAL IMPACT TERM FUND (0001704299) (Issuer)

      4/24/25 12:41:01 PM ET
      $TEAF
      Trusts Except Educational Religious and Charitable
      Finance

    $TEAF
    $TYG
    Financials

    Live finance-specific insights

    See more
    • Tortoise Announces 2023 Closed-End Fund Tax Characterization of Distributions and Release of Combined Annual Report

      Tortoise Energy Infrastructure Corp. (NYSE:TYG)Tortoise Midstream Energy Fund, Inc. (NYSE:NTG)Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP)Tortoise Energy Independence Fund, Inc. (NYSE:NDP)Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ)OVERLAND PARK, KS / ACCESSWIRE / January 30, 2024 / Tortoise today announced the tax characterization of 2023 distributions paid to common stockholders of each of the funds listed below:2023 Tax Characterization of Distributions TYGNTGTTPNDPTPZQualified Dividend Income40%46%22%30%16%Ordinary Dividend Income18%7%0%0%33%Return of Capital42%47%78%70%51%Long-Term Capital Gain0%0%0%0%0%Additional information regarding the tax characterization of t

      1/30/24 12:50:00 AM ET
      $NDP
      $NTG
      $TPZ
      $TTP
      Finance/Investors Services
      Finance
      Finance Companies
      Investment Managers
    • TEAF Announces 2023 Fund Tax Characterization of Distributions, Release of Annual Report

      OVERLAND PARK, KS / ACCESSWIRE / January 30, 2024 / Today Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) announced the tax characterization of 2023 distributions paid to its common stockholders.2023 Tax Characterization of DistributionsFor tax purposes, TEAFs' 2023 distributions were characterized as 31% qualified dividend income, 2% as ordinary income and 67% return of capital.Additional information regarding the tax characterization of the 2023 distributions is available at www.ecofininvest.com.A copy of the information is also available upon request by calling (866) 362-9331.Nothing contained herein or therein should be construed as tax advice. Consult your tax advisor for mor

      1/30/24 12:50:00 AM ET
      $TEAF
      Trusts Except Educational Religious and Charitable
      Finance
    • Tortoise Announces 2022 Closed-End Fund Tax Characterization of Distributions and Release of Annual Report

      OVERLAND PARK, KS / ACCESSWIRE / February 7, 2023 / Tortoise today announced the tax characterization of 2022 distributions paid to common stockholders of each of the following funds:Tortoise Energy Infrastructure Corp. (NYSE:TYG)Tortoise Midstream Energy Fund, Inc. (NYSE:NTG)Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP)Tortoise Energy Independence Fund, Inc. (NYSE:NDP)Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ)2022 Tax Characterization of Distributions TYGNTGTTPNDPTPZQualified Dividend Income100%100%21%40%11%Ordinary Dividend Income0%0%0%0%17%Return of Capital0%0%79%60%72%Long-Term Capital Gain0%0%0%0%0%Additional information regarding the tax characterization of the 2

      2/7/23 6:55:00 PM ET
      $NDP
      $NTG
      $TEAF
      $TPZ
      Finance/Investors Services
      Finance
      Finance Companies
      Trusts Except Educational Religious and Charitable

    $TEAF
    $TYG
    Leadership Updates

    Live Leadership Updates

    See more
    • Ecofin Hires Eileen Fargis to Lead Private Equity Sustainable Infrastructure Group

      OVERLAND PARK, KS / ACCESSWIRE / October 24, 2022 / Ecofin is pleased to announce the appointment of Eileen Fargis as the Group Lead for its Private Equity Sustainable Infrastructure team, effective today. In her role as Managing Director - Private Equity Sustainable Infrastructure, Eileen will work closely with the team of experienced professionals, originating and managing the firm's U.S. renewable assets."We are thrilled with Eileen's addition to the Ecofin team. She will make an immediate impact on our team and the firm given her leadership and experience in the private sustainable infrastructure space. She brings expertise across all aspects of project finance along with strong connecti

      10/24/22 2:00:00 AM ET
      $TEAF
      Trusts Except Educational Religious and Charitable
      Finance
    • TortoiseEcofin Appoints New Principal Financial Officer and Treasurer for its Closed-End Funds

      Tortoise Energy Infrastructure Corp. (NYSE:TYG) Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) Tortoise Energy Independence Fund, Inc. (NYSE:NDP) Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) TortoiseEcofin today announced the appointment of Courtney Gengler, CPA as Principal Financial Officer and Treasurer for its closed-end funds effective July 14, 2021. This change will allow Brad Adams, recently serving in this role, to focus entirely on his responsibilities as CEO for the closed-end funds and pass the primary responsibility for financial filings and the re

      7/20/21 6:30:00 AM ET
      $TYG
      $TPZ
      $NTG
      $TEAF
      Investment Managers
      Finance
      Finance Companies
      Trusts Except Educational Religious and Charitable

    $TEAF
    $TYG
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13G/A filed by Tortoise Energy Infrastructure Corporation

      SC 13G/A - TORTOISE ENERGY INFRASTRUCTURE CORP (0001268533) (Subject)

      11/14/24 6:29:35 PM ET
      $TYG
      Investment Managers
      Finance
    • SEC Form SC 13G filed by Tortoise Energy Infrastructure Corporation

      SC 13G - TORTOISE ENERGY INFRASTRUCTURE CORP (0001268533) (Subject)

      11/8/24 3:14:25 PM ET
      $TYG
      Investment Managers
      Finance
    • Amendment: SEC Form SC 13D/A filed by Ecofin Sustainable and Social Impact Term Fund

      SC 13D/A - ECOFIN SUSTAINABLE & SOCIAL IMPACT TERM FUND (0001704299) (Subject)

      7/25/24 1:07:43 PM ET
      $TEAF
      Trusts Except Educational Religious and Charitable
      Finance

    $TEAF
    $TYG
    SEC Filings

    See more
    • SEC Form 40-17G filed by Tortoise Sustainable and Social Impact Term Fund

      40-17G - TORTOISE SUSTAINABLE & SOCIAL IMPACT TERM FUND (0001704299) (Filer)

      5/14/25 3:09:40 PM ET
      $TEAF
      Trusts Except Educational Religious and Charitable
      Finance
    • SEC Form 40-17G filed by Tortoise Energy Infrastructure Corporation

      40-17G - TORTOISE ENERGY INFRASTRUCTURE CORP (0001268533) (Filer)

      5/14/25 3:08:07 PM ET
      $TYG
      Investment Managers
      Finance
    • Amendment: SEC Form SCHEDULE 13D/A filed by Tortoise Sustainable and Social Impact Term Fund

      SCHEDULE 13D/A - TORTOISE SUSTAINABLE & SOCIAL IMPACT TERM FUND (0001704299) (Subject)

      4/17/25 5:00:03 PM ET
      $TEAF
      Trusts Except Educational Religious and Charitable
      Finance

    $TEAF
    $TYG
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Tortoise Capital Announces Next Steps Following Completion of TEAF Strategic Review

      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

      3/17/25 5:10:00 PM ET
      $TEAF
      Trusts Except Educational Religious and Charitable
      Finance
    • Tortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of December 31, 2024, for TYG and TEAF

      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

      1/2/25 7:25:00 PM ET
      $TEAF
      $TYG
      Trusts Except Educational Religious and Charitable
      Finance
      Investment Managers
    • Tortoise Capital Completes Merger of Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ), Tortoise Pipeline & Energy Fund, Inc. (NYSE: TTP), and Tortoise Energy Independence Fund, Inc. (NYSE: NDP) and Conversion to Actively Managed ETF

      OVERLAND PARK, KS / ACCESSWIRE / December 23, 2024 / Tortoise Capital Advisors, L.L.C. (Tortoise Capital), a fund manager focused on energy investing, today announced the completion of a strategic merger of three closed-end funds and conversion to an actively managed exchanged-traded fund (ETF).Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ), Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP), and Tortoise Energy Independence Fund, Inc. (NYSE:NDP) have merged into a newly formed ETF, with TPZ emerging as the surviving strategy.The Tortoise Power and Energy Infrastructure Fund (NYSE:TPZ) is adopting the accounting and performance history of the closed-end fund, offering continuit

      12/23/24 7:45:00 AM ET
      $NDP
      $TEAF
      $TPZ
      $TTP
      Finance/Investors Services
      Finance
      Trusts Except Educational Religious and Charitable
      Investment Managers

    $TEAF
    $TYG
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Large owner Saba Capital Management, L.P. bought $1,119 worth of shares (100 units at $11.19) (SEC Form 4)

      4 - TORTOISE SUSTAINABLE & SOCIAL IMPACT TERM FUND (0001704299) (Issuer)

      4/29/25 10:06:00 AM ET
      $TEAF
      Trusts Except Educational Religious and Charitable
      Finance
    • Large owner Saba Capital Management, L.P. bought $1,119 worth of shares (100 units at $11.19) (SEC Form 4)

      4 - TORTOISE SUSTAINABLE & SOCIAL IMPACT TERM FUND (0001704299) (Issuer)

      4/28/25 4:25:33 PM ET
      $TEAF
      Trusts Except Educational Religious and Charitable
      Finance
    • Large owner Saba Capital Management, L.P. bought $112,615 worth of shares (10,100 units at $11.15) (SEC Form 4)

      4 - TORTOISE SUSTAINABLE & SOCIAL IMPACT TERM FUND (0001704299) (Issuer)

      4/24/25 12:41:01 PM ET
      $TEAF
      Trusts Except Educational Religious and Charitable
      Finance