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OVERLAND 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.
As of Apr. 30, 2025, the company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 668%, and its coverage ratio for preferred shares was 506%. 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 Apr. 30, 2025.
Unaudited balance sheet
| (in Millions) | Per Share | |||||||
| Investments | $ | 941.0 | $ | 54.59 | ||||
| Cash and Cash Equivalents | 0.5 | 0.03 | ||||||
| Current Tax Assets | 0.4 | 0.03 | ||||||
| Other Assets | 4.0 | 0.23 | ||||||
| Total Assets | 945.9 | 54.88 | ||||||
| Short-Term Borrowings | 42.3 | 2.45 | ||||||
| Senior Notes | 98.1 | 5.69 | ||||||
| Preferred Stock | 44.9 | 2.61 | ||||||
| Total Leverage | 185.3 | 10.75 | ||||||
| Other Liabilities | 2.8 | 0.17 | ||||||
| Deferred Tax Liability | 5.6 | 0.32 | ||||||
| Net Assets | $ | 752.2 | $ | 43.64 | ||||
17.24 million common shares currently outstanding.
Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) today announced that as of Apr. 30, 2025 the company's unaudited total assets were approximately $208.3 million and its unaudited net asset value was $176.8 million, or $13.10 per share.
As of Apr. 30, 2025, the company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 670%. 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 Apr. 30, 2025.
Unaudited balance sheet
| (in Millions) | Per Share | |||||||
| Investments | $ | 205.4 | $ | 15.23 | ||||
| Cash and Cash Equivalents | 2.1 | 0.16 | ||||||
| Other Assets | 0.8 | 0.05 | ||||||
| Total Assets | 208.3 | 15.44 | ||||||
| Credit Facility Borrowings | 31.0 | 2.30 | ||||||
| Other Liabilities | 0.5 | 0.04 | ||||||
| Net Assets | $ | 176.8 | $ | 13.10 | ||||
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.