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OVERLAND PARK, KS / ACCESS Newswire / March 3, 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 Feb. 28, 2025, the company's unaudited total assets were approximately $1.1 billion and its unaudited net asset value was $836.1 million, or $48.51 per share.
As of Feb. 28, 2025, the company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 629%, and its coverage ratio for preferred shares was 495%. 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 Feb. 28, 2025.
Unaudited balance sheet
| (in Millions) | Per Share | |||||||
| Investments | $ | 1,053.4 | $ | 61.12 | ||||
| Cash and Cash Equivalents | 0.2 | 0.01 | ||||||
| Current Tax Assets | 0.4 | 0.03 | ||||||
| Other Assets | 2.4 | 0.13 | ||||||
| Total Assets | 1,056.4 | 61.29 | ||||||
| Short-Term Borrowings | 68.5 | 3.97 | ||||||
| Senior Notes | 98.1 | 5.69 | ||||||
| Preferred Stock | 44.9 | 2.61 | ||||||
| Total Leverage | 211.5 | 12.27 | ||||||
| Other Liabilities | 3.2 | 0.19 | ||||||
| Deferred Tax Liability | 5.6 | 0.32 | ||||||
| Net Assets | $ | 836.1 | $ | 48.51 | ||||
17.24 million common shares currently outstanding.
Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) today announced that as of Feb. 28, 2025 the company's unaudited total assets were approximately $220.8 million and its unaudited net asset value was $187.3 million, or $13.88 per share.
As of Feb. 28, 2025, the company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 671%. 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 Feb. 28, 2025.
Unaudited balance sheet
| (in Millions) | Per Share | |||||||
| Investments | $ | 217.5 | $ | 16.12 | ||||
| Cash and Cash Equivalents | 1.3 | 0.10 | ||||||
| Other Assets | 2.0 | 0.15 | ||||||
| Total Assets | 220.8 | 16.37 | ||||||
| Credit Facility Borrowings | 32.8 | 2.43 | ||||||
| Other Liabilities | 0.7 | 0.06 | ||||||
| Net Assets | $ | 187.3 | $ | 13.88 | ||||
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.