In This Article:
OVERLAND 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.
As of Mar. 31, 2025, the company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 612%, and its coverage ratio for preferred shares was 484%. 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 Mar. 31, 2025.
Unaudited balance sheet
| (in Millions) | Per Share | |||||||
| Investments | $ | 1,044.1 | $ | 60.58 | ||||
| Cash and Cash Equivalents | 0.9 | 0.05 | ||||||
| Current Tax Assets | 0.4 | 0.03 | ||||||
| Other Assets | 3.0 | 0.17 | ||||||
| Total Assets | 1,048.4 | 60.83 | ||||||
| Short-Term Borrowings | 71.3 | 4.14 | ||||||
| Senior Notes | 98.1 | 5.69 | ||||||
| Preferred Stock | 44.9 | 2.61 | ||||||
| Total Leverage | 214.3 | 12.44 | ||||||
| Payable for Investments Purchased | 1.6 | 0.09 | ||||||
| Other Liabilities | 4.5 | 0.26 | ||||||
| Deferred Tax Liability | 5.6 | 0.32 | ||||||
| Net Assets | $ | 822.4 | $ | 47.72 | ||||
17.24 million common shares currently outstanding.
Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) today announced that as of Mar. 31, 2025 the company's unaudited total assets were approximately $214.2 million and its unaudited net asset value was $179.8 million, or $13.33 per share.
As of Mar. 31, 2025, the company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 638%. 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 Mar. 31, 2025.
Unaudited balance sheet
| (in Millions) | Per Share | |||||||
| Investments | $ | 211.5 | $ | 15.68 | ||||
| Cash and Cash Equivalents | 2.1 | 0.16 | ||||||
| Other Assets | 0.6 | 0.04 | ||||||
| Total Assets | 214.2 | 15.88 | ||||||
| Credit Facility Borrowings | 33.4 | 2.48 | ||||||
| Other Liabilities | 1.0 | 0.07 | ||||||
| Net Assets | $ | 179.8 | $ | 13.33 | ||||
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.