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OVERLAND PARK, KS / ACCESS Newswire / February 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 Jan. 31, 2025, the company's unaudited total assets were approximately $1.1 billion and its unaudited net asset value was $847.3 million, or $49.16 per share.
As of Jan. 31, 2025, the company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 633%, and its coverage ratio for preferred shares was 499%. 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 Jan. 31, 2025.
Unaudited balance sheet
| (in Millions) | Per Share | |||||||
| Investments | $ | 1,062.8 | $ | 61.66 | ||||
| Cash and Cash Equivalents | 0.5 | 0.03 | ||||||
| Other Assets | 3.9 | 0.23 | ||||||
| Total Assets | 1,067.2 | 61.92 | ||||||
| Short-Term Borrowings | 69.3 | 4.02 | ||||||
| Senior Notes | 98.1 | 5.69 | ||||||
| Preferred Stock | 44.9 | 2.61 | ||||||
| Total Leverage | 212.3 | 12.32 | ||||||
| Other Liabilities | 1.8 | 0.11 | ||||||
| Deferred Tax Liability | 5.6 | 0.32 | ||||||
| Current Tax Liability | 0.2 | 0.01 | ||||||
| Net Assets | $ | 847.3 | $ | 49.16 | ||||
17.24 million common shares currently outstanding.
Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) today announced that as of Jan. 31, 2025 the company's unaudited total assets were approximately $221.5 million and its unaudited net asset value was $189.5 million, or $14.04 per share.
As of Jan. 31, 2025, the company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 702%. 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 preliminary unaudited balance sheet at Jan. 31, 2025.
Unaudited balance sheet
| (in Millions) | Per Share | |||||||
| Investments | $ | 218.7 | $ | 16.21 | ||||
| Cash and Cash Equivalents | 1.2 | 0.09 | ||||||
| Other Assets | 1.6 | 0.12 | ||||||
| Total Assets | 221.5 | 16.42 | ||||||
| Credit Facility Borrowings | 31.5 | 2.33 | ||||||
| Other Liabilities | 0.5 | 0.05 | ||||||
| Net Assets | $ | 189.5 | $ | 14.04 | ||||
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.