Ecofin Sustainable and Social Impact Term Fund (TEAF)
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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.
NEWS
Tortoise Capital Announces Increased Distributions for TYG Following Completion of Merger with TEAF
accessnewswire.com
2025-11-11 19:15:00OVERLAND PARK, KS / ACCESS Newswire / November 11, 2025 / Tortoise Capital announced its closed-end fund, Tortoise Energy Infrastructure Corp., has declared a monthly distribution of $0.475 per share, representing a 30% increase from the Fund's prior monthly distributions. This increase follows, and is a direct result of, the completion of the merger between Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) and TYG, as previously announced.
TEAF: Will Cease To Exist, What It Means For Investors
seekingalpha.com
2025-10-20 07:49:14Tortoise Sustainable and Social Impact Term Fund will merge into Tortoise Energy Infrastructure Corp. effective November 10, 2025. TEAF shareholders will receive TYG shares on a NAV-for-NAV basis, benefiting from TYG's narrower discount to NAV. TYG will increase its distribution by 30% post-merger, but this is driven by capital gains and not sustainable cash flows.
Tortoise Capital Announces Shareholder Approval of Closed-End Fund Merger
businesswire.com
2025-10-16 16:05:00OVERLAND PARK, Kan.--(BUSINESS WIRE)--Tortoise Capital announces that shareholders have approved the merger of TEAF into TYG, both closed-end funds, with TYG as the remaining company.
Tortoise Capital Announces Closed-End Fund Distributions
accessnewswire.com
2025-10-15 23:55:00Distribution Amounts and Dates Declared for: Tortoise Energy Infrastructure Corp. (NYSE:TYG) Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) OVERLAND PARK, KS / ACCESS Newswire / October 15, 2025 / Tortoise Capital announced distributions declared by its closed-end funds. Tortoise Capital closed-end funds distribution details are as follows: Fund Ticker Distribution Amount Distribution Frequency Tortoise Energy Infrastructure Corp. TYG $0.365 Monthly Tortoise Sustainable and Social Impact Term Fund TEAF $0.090 Monthly TYG and TEAF monthly distributions are payable on October 31, 2025, to shareholders of record on the respective date of October 24, 2025.
Tortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of September 30, 2025, for TYG and TEAF
accessnewswire.com
2025-10-01 19:45:00Tortoise Capital today announced the following unaudited balance sheet information and asset coverage ratio updates for closed-end funds TYG and TEAF. OVERLAND PARK, KS / ACCESS Newswire / October 1, 2025 / Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of September 30, 2025, the company's unaudited total assets were approximately $1.1 billion and its unaudited net asset value was $810.3 million, or $47.01 per share.
Tortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of August 29, 2025, for TYG and TEAF
accessnewswire.com
2025-09-02 19:40:00OVERLAND PARK, KS / ACCESS Newswire / September 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 August 29, 2025, the company's unaudited total assets were approximately $1.0 billion and its unaudited net asset value was $788.7 million, or $45.76 per share.
Tortoise Capital Announces Closed-End Fund Distributions
accessnewswire.com
2025-08-14 19:50:00OVERLAND PARK, KS / ACCESS Newswire / August 14, 2025 / Tortoise Capital announced distributions declared by its closed-end funds. Tortoise Capital closed-end funds distribution details are as follows: Fund Ticker Distribution Amount Distribution Frequency Tortoise Energy Infrastructure Corp. TYG $0.365 Monthly Tortoise Sustainable and Social Impact Term Fund TEAF $0.090 Monthly TYG and TEAF monthly distributions are payable on September 30, 2025, to shareholders of record on the respective date of September 23, 2025.
Tortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of July 31, 2025, for TYG and TEAF
accessnewswire.com
2025-08-01 17:20:00OVERLAND PARK, KS / ACCESS Newswire / August 1, 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 July 31, 2025, the company's unaudited total assets were approximately $1.0 billion and its unaudited net asset value was $815.9 million, or $47.34 per share.
Tortoise Capital Releases Combined 2025 Closed-End Fund Semi-Annual Report
accessnewswire.com
2025-07-30 19:25:00OVERLAND PARK, KS / ACCESS Newswire / July 30, 2025 / Tortoise Capital today announced the release of the combined 2025 semi-annual stockholders' report for the Tortoise Energy Infrastructure Corp. (NYSE:TYG) and Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF). The semi-annual report is available online at cef.tortoisecapital.com.
Tortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of June 30, 2025, for TYG and TEAF
accessnewswire.com
2025-07-01 18:45:00OVERLAND PARK, KS / ACCESS Newswire / July 1, 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 June 30, 2025, the company's unaudited total assets were approximately $1.0 billion and its unaudited net asset value was $800.0 million, or $46.41 per share.
Tortoise Capital Announces Strategic Merger of TEAF into TYG
businesswire.com
2025-06-17 08:30:00OVERLAND PARK, Kan.--(BUSINESS WIRE)--Tortoise Capital, a fund manager focused on energy investing, today announced plans to merge two of its closed-end funds.
TEAF: Divesting Private Investments As Fund Transforms
seekingalpha.com
2025-06-13 10:21:33TEAF divested a significant portion of its private holdings after a strategic review, shifting focus to public energy infrastructure in an attempt to improve performance. The fund's performance post-announcement has been mixed, with a volatile market hitting shortly after announcing its transformation. Divestment may reduce net investment income coverage, but distribution coverage could remain stable, supported by increased allocations to high-yield MLPs like ET and MPLX.
Tortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of May 30, 2025, for TYG and TEAF
accessnewswire.com
2025-06-02 20:05:00OVERLAND PARK, KS / ACCESS Newswire / June 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 May 30, 2025, the company's unaudited total assets were approximately $969.2 million and its unaudited net asset value was $772.2 million, or $44.80 per share.
Tortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of April 30, 2025, for TYG and TEAF
accessnewswire.com
2025-05-01 19:30:00OVERLAND PARK, KS / ACCESS Newswire / May 1, 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 Apr. 30, 2025, the company's unaudited total assets were approximately $945.9 million and its unaudited net asset value was $752.2 million, or $43.64 per share.
Tortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of March 31, 2025, for TYG and TEAF
accessnewswire.com
2025-04-01 22:05:00OVERLAND PARK, KS / ACCESS Newswire / April 1, 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 Mar. 31, 2025, the company's unaudited total assets were approximately $1.0 billion and its unaudited net asset value was $822.4 million, or $47.72 per share.
TEAF: Discount Remains Appealing With An Activist Holding A Sizable Stake
seekingalpha.com
2025-03-09 06:47:03Tortoise Sustainable and Social Impact Term Fund has struggled since its inception, prompting a strategic review that remains ongoing. TEAF's portfolio is almost evenly split between private and public investments, focusing on sustainable infrastructure, social impact, and energy infrastructure. The fund's significant discount and Saba Capital Management's ~9% stake also should prompt some changes at some point going forward.
Tortoise Capital Announces Increased Distributions for TYG Following Completion of Merger with TEAF
accessnewswire.com
2025-11-11 19:15:00OVERLAND PARK, KS / ACCESS Newswire / November 11, 2025 / Tortoise Capital announced its closed-end fund, Tortoise Energy Infrastructure Corp., has declared a monthly distribution of $0.475 per share, representing a 30% increase from the Fund's prior monthly distributions. This increase follows, and is a direct result of, the completion of the merger between Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) and TYG, as previously announced.
TEAF: Will Cease To Exist, What It Means For Investors
seekingalpha.com
2025-10-20 07:49:14Tortoise Sustainable and Social Impact Term Fund will merge into Tortoise Energy Infrastructure Corp. effective November 10, 2025. TEAF shareholders will receive TYG shares on a NAV-for-NAV basis, benefiting from TYG's narrower discount to NAV. TYG will increase its distribution by 30% post-merger, but this is driven by capital gains and not sustainable cash flows.
Tortoise Capital Announces Shareholder Approval of Closed-End Fund Merger
businesswire.com
2025-10-16 16:05:00OVERLAND PARK, Kan.--(BUSINESS WIRE)--Tortoise Capital announces that shareholders have approved the merger of TEAF into TYG, both closed-end funds, with TYG as the remaining company.
Tortoise Capital Announces Closed-End Fund Distributions
accessnewswire.com
2025-10-15 23:55:00Distribution Amounts and Dates Declared for: Tortoise Energy Infrastructure Corp. (NYSE:TYG) Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) OVERLAND PARK, KS / ACCESS Newswire / October 15, 2025 / Tortoise Capital announced distributions declared by its closed-end funds. Tortoise Capital closed-end funds distribution details are as follows: Fund Ticker Distribution Amount Distribution Frequency Tortoise Energy Infrastructure Corp. TYG $0.365 Monthly Tortoise Sustainable and Social Impact Term Fund TEAF $0.090 Monthly TYG and TEAF monthly distributions are payable on October 31, 2025, to shareholders of record on the respective date of October 24, 2025.
Tortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of September 30, 2025, for TYG and TEAF
accessnewswire.com
2025-10-01 19:45:00Tortoise Capital today announced the following unaudited balance sheet information and asset coverage ratio updates for closed-end funds TYG and TEAF. OVERLAND PARK, KS / ACCESS Newswire / October 1, 2025 / Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of September 30, 2025, the company's unaudited total assets were approximately $1.1 billion and its unaudited net asset value was $810.3 million, or $47.01 per share.
Tortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of August 29, 2025, for TYG and TEAF
accessnewswire.com
2025-09-02 19:40:00OVERLAND PARK, KS / ACCESS Newswire / September 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 August 29, 2025, the company's unaudited total assets were approximately $1.0 billion and its unaudited net asset value was $788.7 million, or $45.76 per share.
Tortoise Capital Announces Closed-End Fund Distributions
accessnewswire.com
2025-08-14 19:50:00OVERLAND PARK, KS / ACCESS Newswire / August 14, 2025 / Tortoise Capital announced distributions declared by its closed-end funds. Tortoise Capital closed-end funds distribution details are as follows: Fund Ticker Distribution Amount Distribution Frequency Tortoise Energy Infrastructure Corp. TYG $0.365 Monthly Tortoise Sustainable and Social Impact Term Fund TEAF $0.090 Monthly TYG and TEAF monthly distributions are payable on September 30, 2025, to shareholders of record on the respective date of September 23, 2025.
Tortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of July 31, 2025, for TYG and TEAF
accessnewswire.com
2025-08-01 17:20:00OVERLAND PARK, KS / ACCESS Newswire / August 1, 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 July 31, 2025, the company's unaudited total assets were approximately $1.0 billion and its unaudited net asset value was $815.9 million, or $47.34 per share.
Tortoise Capital Releases Combined 2025 Closed-End Fund Semi-Annual Report
accessnewswire.com
2025-07-30 19:25:00OVERLAND PARK, KS / ACCESS Newswire / July 30, 2025 / Tortoise Capital today announced the release of the combined 2025 semi-annual stockholders' report for the Tortoise Energy Infrastructure Corp. (NYSE:TYG) and Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF). The semi-annual report is available online at cef.tortoisecapital.com.
Tortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of June 30, 2025, for TYG and TEAF
accessnewswire.com
2025-07-01 18:45:00OVERLAND PARK, KS / ACCESS Newswire / July 1, 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 June 30, 2025, the company's unaudited total assets were approximately $1.0 billion and its unaudited net asset value was $800.0 million, or $46.41 per share.
Tortoise Capital Announces Strategic Merger of TEAF into TYG
businesswire.com
2025-06-17 08:30:00OVERLAND PARK, Kan.--(BUSINESS WIRE)--Tortoise Capital, a fund manager focused on energy investing, today announced plans to merge two of its closed-end funds.
TEAF: Divesting Private Investments As Fund Transforms
seekingalpha.com
2025-06-13 10:21:33TEAF divested a significant portion of its private holdings after a strategic review, shifting focus to public energy infrastructure in an attempt to improve performance. The fund's performance post-announcement has been mixed, with a volatile market hitting shortly after announcing its transformation. Divestment may reduce net investment income coverage, but distribution coverage could remain stable, supported by increased allocations to high-yield MLPs like ET and MPLX.
Tortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of May 30, 2025, for TYG and TEAF
accessnewswire.com
2025-06-02 20:05:00OVERLAND PARK, KS / ACCESS Newswire / June 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 May 30, 2025, the company's unaudited total assets were approximately $969.2 million and its unaudited net asset value was $772.2 million, or $44.80 per share.
Tortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of April 30, 2025, for TYG and TEAF
accessnewswire.com
2025-05-01 19:30:00OVERLAND PARK, KS / ACCESS Newswire / May 1, 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 Apr. 30, 2025, the company's unaudited total assets were approximately $945.9 million and its unaudited net asset value was $752.2 million, or $43.64 per share.
Tortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of March 31, 2025, for TYG and TEAF
accessnewswire.com
2025-04-01 22:05:00OVERLAND PARK, KS / ACCESS Newswire / April 1, 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 Mar. 31, 2025, the company's unaudited total assets were approximately $1.0 billion and its unaudited net asset value was $822.4 million, or $47.72 per share.
TEAF: Discount Remains Appealing With An Activist Holding A Sizable Stake
seekingalpha.com
2025-03-09 06:47:03Tortoise Sustainable and Social Impact Term Fund has struggled since its inception, prompting a strategic review that remains ongoing. TEAF's portfolio is almost evenly split between private and public investments, focusing on sustainable infrastructure, social impact, and energy infrastructure. The fund's significant discount and Saba Capital Management's ~9% stake also should prompt some changes at some point going forward.