Tortoise Sustainable and Social Impact Term Fund logo

Tortoise Sustainable and Social Impact Term Fund (TEAF)

Market Open
21 Jul, 20:00
NYSE NYSE
$
12. 11
-0.11
-0.9%
$
163.92M Market Cap
- P/E Ratio
- Div Yield
35,800 Volume
- Eps
$ 12.22
Previous Close
Day Range
12.1 12.25
Year Range
10.09 13.34
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TEAF: Divesting Private Investments As Fund Transforms

TEAF: Divesting Private Investments As Fund Transforms

TEAF 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.

Seekingalpha | 1 month ago
TEAF: Discount Remains Appealing With An Activist Holding A Sizable Stake

TEAF: Discount Remains Appealing With An Activist Holding A Sizable Stake

Tortoise 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.

Seekingalpha | 4 months ago
Tortoise Sustainable and Social Impact Term Fund (TEAF) Publishes Quarterly Commentary

Tortoise Sustainable and Social Impact Term Fund (TEAF) Publishes Quarterly Commentary

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.

Accesswire | 8 months ago
TEAF: Weak Performance History But Transformation May Be On The Horizon

TEAF: Weak Performance History But Transformation May Be On The Horizon

Tortoise Capital has been restructuring its business with the announcement of selling off some assets that don't fit its traditional energy-focused platform. TEAF is one of their more unique offerings, given the private investments in renewables, which doesn't necessarily fit with the new platform focus of Tortoise overall. Activist investors like Saba Capital Management have been pushing for changes successfully in the Tortoise CEF suite, and TEAF appears to be next up for potential shake-ups.

Seekingalpha | 10 months ago
TEAF Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of August 30, 2024

TEAF Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of August 30, 2024

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.

Accesswire | 10 months ago
TEAF Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of July 31, 2024

TEAF Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of July 31, 2024

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.

Accesswire | 11 months ago
Ecofin Sustainable and Social Impact Term Fund (TEAF) Publishes Quarterly Commentary

Ecofin Sustainable and Social Impact Term Fund (TEAF) Publishes Quarterly Commentary

OVERLAND PARK, KS / ACCESSWIRE / July 29, 2024 / Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) second 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.

Accesswire | 11 months ago
TEAF Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of June 28, 2024

TEAF Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of June 28, 2024

OVERLAND PARK, KS / ACCESSWIRE / July 1, 2024 / The following preliminary unaudited balance sheet information and asset coverage ratio update is provided for Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF). As of June 28, 2024, the company's unaudited total assets were approximately $226.6 million and its unaudited net asset value was $196.9 million, or $14.59 per share.

Accesswire | 1 year ago
TEAF Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of May 31, 2024

TEAF Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of May 31, 2024

OVERLAND PARK, KS / ACCESSWIRE / June 3, 2024 / The following preliminary unaudited balance sheet information and asset coverage ratio update is provided for Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF). As of May 31, 2024, the company's unaudited total assets were approximately $221.8 million and its unaudited net asset value was $200.2 million, or $14.84 per share.

Accesswire | 1 year ago