TEAF Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of November 30, 2021
02 Dicembre 2021 - 5:00AM
Business Wire
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 November 30, 2021, the company’s unaudited total assets
were approximately $258.0 million and its unaudited net asset value
was $232.6 million, or $17.24 per share.
As of November 30, 2021, the company’s asset coverage ratio
under the 1940 Act with respect to senior securities representing
indebtedness was 1,177%. For more information on the company’s
coverage ratios, please refer to the leverage summary web page at
https://cef.tortoiseecofin.com.
Set forth below is a summary of the company’s unaudited
preliminary balance sheet at November 30, 2021.
Unaudited preliminary balance sheet
(in
Millions)
Per
Share
Investments
$ 252.3
$ 18.70
Cash and Cash Equivalents
0.5
0.03
Investments Receivable
2.7
0.20
Other Assets
2.5
0.19
Total Assets
258.0
19.12
Credit Facility Borrowings
21.6
1.60
Investments Payable
2.7
0.20
Other Liabilities
1.1
0.08
Net Assets
$232.6
$17.24
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
cef.ecofininvest.com/funds/teaf.
For additional information on this fund, please visit
cef.ecofininvest.com.
TCA Advisors is the adviser to Ecofin Sustainable and Social
Impact Term Fund and Ecofin Advisors Limited is the fund’s
sub-adviser.
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.
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, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. All statements, other
than statements of historical fact, included herein are
"forward-looking statements." Although the fund and TCA 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 fund and TCA do not assume a duty to update
this forward-looking statement.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211201006268/en/
For more information contact: Maggie Zastrow, (913) 981-1020
info@tortoiseecofin.com
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