Tortoise Essential Assets Income Term Fund is a closed-ended balanced mutual fund launched and managed by Tortoise Capital Advisors L.L.C. It invests in equity and fixed income markets. The fund seeks to invest in securities of companies operating in the essential asset sectors, which includes education, housing, healthcare, social and human services, power, water, energy, infrastructure, basic materials, industrial, transportation and telecommunications sectors. The fund primarily seeks to invest in stocks of companies across all market capitalizations, as well as in corporate and government issues debt securities. Its corporate debt investment include high yield securities of any maturity. The fund also invests in private equities. It employs both fundamental and quantitative analysis with a focus on such proprietary financial, risk and valuation models to create its portfolio. The fund was formerly known as Tortoise Essential Assets Income 2024 Term Fund, Inc. Tortoise Essential Assets Income Term Fund was formed in 2017 and is domiciled in the United States.
IPO Year: 2019
Exchange: NYSE
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Distribution Amounts and Dates Declared for: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)Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) OVERLAND PARK, KS / ACCESSWIRE / November 4, 2024 / Tortoise Capital announced distributions declared by its closed-end funds.Tortoise Capital closed-end funds distribution details are as follows:FundTickerDistributionAmountDistribution Target of Average NAVDistributionFrequencyTortoise Energy Infrastructure Corp.TYG$0.787%-10%QuarterlyTor
OVERLAND PARK, KS / ACCESSWIRE / November 1, 2024 / Tortoise Capital today announced the following unaudited balance sheet information and asset coverage ratio updates for closed-end funds TYG, NTG, TTP, NDP, TPZ and TEAF.Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of Oct. 31, 2024, the company's unaudited total assets were approximately $615.4 million and its unaudited net asset value was $492.6 million, or $45.76 per share.As of Oct. 31, 2024, the company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 718%, and its coverage ratio for preferred shares was 507%. For more information on the company's covera
OVERLAND PARK, KS / ACCESSWIRE / October 25, 2024 / Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) third quarter 2024 commentary is now available. 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.For additional information on this fund, please visit https://cef.tortoiseadvisors.com/.TCA Advisors is the adviser and RWC Asset Management LLP is the interim sub-adviser to Tortoise Sustainable and Social Impact Term Fund.Safe harbor statementThis press release shall not constitute an offer to sell or a solicitation to
OVERLAND PARK, KS / ACCESSWIRE / October 1, 2024 / Tortoise Capital today announced the following unaudited balance sheet information and asset coverage ratio updates for closed-end funds TYG, NTG, TTP, NDP, TPZ and TEAF.Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of Sept. 30, 2024, the company's unaudited total assets were approximately $599.9 million and its unaudited net asset value was $476.1 million, or $42.22 per share.As of Sept. 30, 2024, the company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 698%, and its coverage ratio for preferred shares was 492%. For more information on the company's cover
Changes Follow Previous Agreement to Sell Ecofin Advisors Limited, UK-based affiliate OVERLAND PARK, Kan., Sept. 19, 2024 /PRNewswire/ -- Tortoise Capital Advisors, L.L.C., a fund manager focused on traditional energy and power infrastructure investing, today announced it will rename the Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) and the Ecofin Global Water ESG Fund (EBLU) and replace the Ecofin name with Tortoise. In addition, the EBLU ticker will change to TBLU. The name changes, approved by each fund board, will take effect on Sept. 30 in conjunction with the expected completion of Tortoise Capital's sale of its Ecofin Advisors Limited business to Redwheel, a UK-based in
OVERLAND PARK, Kan., Sept. 5, 2024 /PRNewswire/ -- Tortoise Capital Advisors, L.L.C., a fund manager focused on traditional energy and power infrastructure investing, today announced plans to merge two of its closed-end funds. The board of directors of each of Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) and Tortoise Energy Infrastructure Corp. (NYSE:TYG) have approved the merger of NTG into TYG, with TYG as the surviving company. TYG invests in energy infrastructure companies and is positioned to benefit from growing energy demand and accelerated efforts to reduce global CO2 emissions from energy consumption. The combined assets of the two funds, including leverage, totaled $914.4 milli
OVERLAND PARK, KS / ACCESSWIRE / September 3, 2024 / The following unaudited balance sheet information and asset coverage ratio update is provided for closed-end fund Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF).As of Aug. 30, 2024, the company's unaudited total assets were approximately $229.0 million and its unaudited net asset value was $202.8 million, or $15.03 per share.As of Aug. 30, 2024, the company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 898%. For more information on the company's coverage ratios, please refer to the leverage summary web page at https://cef.ecofininvest.com.Set forth below is a summary o
Distribution Amounts and Dates Declared for: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) OVERLAND PARK, Kan., Aug. 9, 2024 /PRNewswire/ -- Tortoise Capital and the Board of its closed-end funds announced distributions for its closed-end funds. Tortoise Energy Infrastructure Corp. (TYG) and Tortoise Midstream Energy Fund, Inc. (NTG) increased their distributions by 10% and 5%, respectively. The distribution increases are a produc
OVERLAND PARK, KS / ACCESSWIRE / August 1, 2024 / The following unaudited balance sheet information and asset coverage ratio update is provided for Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF).As of July 31, 2024, the company's unaudited total assets were approximately $221.0 million and its unaudited net asset value was $200.8 million, or $14.89 per share.As of July 31, 2024, the company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 1,120%. For more information on the company's coverage ratios, please refer to the leverage summary web page at https://cef.ecofininvest.com.Set forth below is a summary of the company's u
OVERLAND PARK, KS / ACCESSWIRE / August 1, 2024 / Tortoise today announced the following unaudited balance sheet information and asset coverage ratio updates for TYG, NTG, TTP, NDP and TPZ.Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of July 31, 2024, the company's unaudited total assets were approximately $563.0 million and its unaudited net asset value was $450.1 million, or $41.82 per share.As of July 31, 2024, the company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 740%, and its coverage ratio for preferred shares was 503%. For more information on the company's coverage ratios, please refer to the le
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
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
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
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
OVERLAND PARK, KS / ACCESSWIRE / February 7, 2023 / Today Ecofin Sustainable and Social Impact Term Fund (TEAF) announced the tax characterization of 2022 distributions paid to its common stockholders.2022 Tax Characterization of DistributionsFor tax purposes, TEAFs' 2022 distributions were characterized as 35% qualified dividend income, 9% as ordinary income and 56% return of capital.Additional information regarding the tax characterization of the 2022 distributions is available at www.TortoiseEcofin.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 more i
LEAWOOD, KS / ACCESSWIRE / December 2, 2022 / To assist our shareholders with year-end planning, we are providing estimates of the per-share special distribution to be paid in December to satisfy the Fund's excise distribution requirements. These estimates were prepared using capital gain amounts as of October 31, 2022. The estimates are being provided for informational purposes only and may not include all required tax adjustments. The final per-share amounts will be based on the actual number of shares outstanding on the fund's record date which may differ significantly from the number of shares outstanding at the time these estimates were prepared. Please keep in mind that the following a
OVERLAND PARK, KS / ACCESSWIRE / November 8, 2022 / Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) announced its monthly distribution of $0.09 per share.Upcoming distribution datesTEAF monthly distributions are payable on December 30, 2022, January 31, 2023, and February 28, 2023, to shareholders of record on the respective dates of December 23, 2022, January 24, 2023, and February 21, 2023.For book purposes, the source of distributions for TEAF is estimated to be approximately 40 to 60% ordinary income, with the remainder as return of capital.For tax purposes, 40 to 60% of TEAF's 2022 distributions are expected to be characterized as dividend income with the remainder as return
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 t
8-K - TORTOISE SUSTAINABLE & SOCIAL IMPACT TERM FUND (0001704299) (Filer)
DEFA14A - TORTOISE SUSTAINABLE & SOCIAL IMPACT TERM FUND (0001704299) (Filer)
8-K - TORTOISE SUSTAINABLE & SOCIAL IMPACT TERM FUND (0001704299) (Filer)
N-PX/A - TORTOISE SUSTAINABLE & SOCIAL IMPACT TERM FUND (0001704299) (Filer)
DEF 14A - TORTOISE SUSTAINABLE & SOCIAL IMPACT TERM FUND (0001704299) (Filer)
PRE 14A - ECOFIN SUSTAINABLE & SOCIAL IMPACT TERM FUND (0001704299) (Filer)
N-PX - ECOFIN SUSTAINABLE & SOCIAL IMPACT TERM FUND (0001704299) (Filer)
N-CSRS - ECOFIN SUSTAINABLE & SOCIAL IMPACT TERM FUND (0001704299) (Filer)
DEFA14A - ECOFIN SUSTAINABLE & SOCIAL IMPACT TERM FUND (0001704299) (Filer)
DEFA14A - ECOFIN SUSTAINABLE & SOCIAL IMPACT TERM FUND (0001704299) (Filer)
SC 13D/A - ECOFIN SUSTAINABLE & SOCIAL IMPACT TERM FUND (0001704299) (Subject)
SC 13D/A - ECOFIN SUSTAINABLE & SOCIAL IMPACT TERM FUND (0001704299) (Subject)
SC 13D/A - ECOFIN SUSTAINABLE & SOCIAL IMPACT TERM FUND (0001704299) (Subject)
SC 13D/A - ECOFIN SUSTAINABLE & SOCIAL IMPACT TERM FUND (0001704299) (Subject)
SC 13D - ECOFIN SUSTAINABLE & SOCIAL IMPACT TERM FUND (0001704299) (Subject)
SC 13G/A - ECOFIN SUSTAINABLE & SOCIAL IMPACT TERM FUND (0001704299) (Subject)
SC 13G - ECOFIN SUSTAINABLE & SOCIAL IMPACT TERM FUND (0001704299) (Subject)
3 - ECOFIN SUSTAINABLE & SOCIAL IMPACT TERM FUND (0001704299) (Issuer)
3 - ECOFIN SUSTAINABLE & SOCIAL IMPACT TERM FUND (0001704299) (Issuer)
3 - ECOFIN SUSTAINABLE & SOCIAL IMPACT TERM FUND (0001704299) (Issuer)
4 - ECOFIN SUSTAINABLE & SOCIAL IMPACT TERM FUND (0001704299) (Issuer)
4 - ECOFIN SUSTAINABLE & SOCIAL IMPACT TERM FUND (0001704299) (Issuer)
3 - ECOFIN SUSTAINABLE & SOCIAL IMPACT TERM FUND (0001704299) (Issuer)
4 - ECOFIN SUSTAINABLE & SOCIAL IMPACT TERM FUND (0001704299) (Issuer)
4 - ECOFIN SUSTAINABLE & SOCIAL IMPACT TERM FUND (0001704299) (Issuer)
4 - ECOFIN SUSTAINABLE & SOCIAL IMPACT TERM FUND (0001704299) (Issuer)
4 - ECOFIN SUSTAINABLE & SOCIAL IMPACT TERM FUND (0001704299) (Issuer)
The following unaudited balance sheet information and asset coverage ratio update is provided for Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF). As of January 31, 2024, the company's unaudited total assets were approximately $227.6 million and its unaudited net asset value was $197.7 million, or $14.66 per share. As of January 31, 2024, the company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 775%
On Thursday, 369 companies hit new 52-week lows. Noteworthy Points From Today's 52-Week Lows: The largest company in terms of market cap to set a new 52-week low was Coca-Cola (NYSE:KO). The smallest company by market cap to hit a new 52-week low was Neptune Wellness Solns (NASDAQ:NEPT). Aethlon Medical (NASDAQ:AEMD)'s stock fell the most, as it traded down 838.3% to reach a new 52-week low. American Tower (NYSE:AMT)'s stock showed potential to rebound, rebounding up 0.0% after reaching a new 52-week low. The following stocks achieved new 52-week lows on Thursday: Bank of America (NYSE:BAC) shares hit a yearly low of $25.56. The stock was down 0.73% on the session. Bristol-My
As of September 29, 2023, the company's unaudited total assets were approximately $233.2 million and its unaudited net asset value was $199.9 million, or $14.82 per share. As of September 29, 2023, the company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 725%. Set forth below is a summary of the company's unaudited balance sheet at September 29, 2023. Unaudited balance sheet (in Millions) Per Share Investments $ 229.5 $ 17.01 Cash and Cash Equivalents 0.8 0.06 Other Assets 2.9 0.22 Total Assets 233.2 17.29
On Monday, 369 companies set new 52-week lows. Intriguing Points From Today's 52-Week Lows: Danaher (NYSE:DHR) was the biggest company by market cap to set a new 52-week low. The smallest company in terms of market cap to set a new 52-week low was Ascent Solar Technologies (NASDAQ:ASTI). EBET (NASDAQ:EBET) saw the largest move of the companies, as shares plummetted 2955.38% to hit a new 52-week low. Fiserv (NYSE:FI) was the most promising stock of the group, with shares actually trading up 0.0% to bounce back after reaching its new 52-week low. Here are all the stocks that set new 52-week lows as of 10am on Monday: Danaher (NYSE:DHR) stock set a new 52-week low of $210.14 on M
During Thursday's session, 406 companies made new 52-week lows. Key Facts About Today's 52-Week Lows: The largest company by market cap to set a new 52-week low was Pfizer (NYSE:PFE). The smallest company by market cap to set a new 52-week low was Ascent Solar Technologies (NASDAQ:ASTI). Ascent Solar Technologies (NASDAQ:ASTI)'s stock fell the most, as it traded down 62.52% to reach a new 52-week low. Nuveen Pennsylvania (NYSE:NQP)'s stock bounced back the most, actually rising 0.0% after reaching its new 52-week low. Stocks that set new 52-week lows on Thursday are as follows: Pfizer (NYSE:PFE) stock hit $31.77 on Thursday morning, setting a new 52-week low for a change of do
Set forth below is a summary of the company's unaudited balance sheet at July 31, 2023. Unaudited balance sheet (in Millions) Per Share Investments $ 240.6 $ 17.83 Cash and Cash Equivalents 0.5 0.04 Other Assets 2.3 0.17 Total Assets 243.4 18.04 Credit Facility Borrowings 30.2 2.24 Other Liabilities 0.8 0.06 Net Assets $ 212.4 $ 15.74 13.49 million common shares outstanding. The top 10 holdings for TEAF as of the most recent month-end can be found on the fund's portfolio web page at ce
On Monday, 65 companies hit new 52-week lows. Things to Consider About Today's 52-Week Lows: The largest company by market cap to set a new 52-week low was Pfizer (NYSE:PFE). The smallest company in terms of market cap to set a new 52-week low was Biodexa Pharmaceuticals (NASDAQ:BDRX). Tivic Health Systems (NASDAQ:TIVC) shares traded down 40.69% to reach its 52-week low, making it the biggest loser. Chijet Motor Co (NASDAQ:CJET) shares bounced back the most, actually rising 0.0% after hiting a new 52-week low. Stocks dropping to new 52-week lows on Monday: Bristol-Myers Squibb (NYSE:BMY) shares fell to $62.30 on Monday, setting a new 52-week low with a shift of down 0.54%. Hu
Thursday's session saw 337 companies set new 52-week lows. Areas of Significance In Today's 52-Week Lows: The largest company by market cap to set a new 52-week low was Toronto-Dominion Bank (NYSE:TD). Jaguar Health (NASDAQ:JAGX) was the smallest firm on a market cap basis to set a new 52-week low. LivePerson (NASDAQ:LPSN)'s stock came under the most pressure, trading down 51.89% to reach a new 52-week low. Vertical Aerospace (NYSE:EVTL)'s stock showed potential to rebound, rebounding up 0.0% after reaching a new 52-week low. Here are all the stocks that set new 52-week lows on Thursday: Toronto-Dominion Bank (NYSE:TD) stock dropped to a yearly low on Thursday of $56.88. Share