FOR INSTANT RELEASE.
OVERLAND PARK, KS – December 1, 2022 – The following initial unaudited balance sheet info and property protection ratio upgrade is attended to Ecofin Sustainable and Social Effect Term Fund ( NYSE: TEAF)
Since November 30, 2022, the business’s unaudited overall properties were around $251.8 million and its unaudited net property worth was $221.5 million, or $16.42 per share.
Since November 30, 2022, the business’s property protection ratio under the 1940 Show regard to senior securities representing insolvency was 850%. To find out more on the business’s protection ratios, please describe the utilize summary websites at https://cef.tortoiseecofin.com.
State below is a summary of the business’s initial unaudited balance sheet at November 30, 2022.
Unaudited balance sheet
|
( in Millions) |
Per Share |
|
|
Investments. |
$ 248.6. |
$ 18.42. |
|
Money and Money Equivalents. |
0.4. |
0.03. |
|
Other Properties. |
2.8 |
0.21 |
|
Overall Properties. |
251.8 |
18.66 |
|
Credit Center Borrowings. |
29.5 |
2.18 |
|
Other Liabilities. |
0.8 |
0.06 |
|
Net Properties. |
$ 221.5 |
$ 16.42 |
13.49 million typical shares exceptional.
The leading 10 holdings for TEAF since the most current month-end can be discovered on the fund’s portfolio websites at cef.ecofininvest.com/funds/teaf.
TEAF likewise offers upgrade on direct financial investments, effect stats and releases quarterly commentary
TEAF offers an upgrade on the fund’s direct financial investments, portfolio property allotment and structure types on the business site at https://cef.ecofininvest.com/funds/teaf/#portfolio. Information on each personal offer that has actually occurred over the previous month will be released on the site here https://cef.ecofininvest.com/funds/teaf/#deal-summaries-list. The list consists of all offers finished given that the fund’s beginning. Updates will continue to be published on a month-to-month basis if there was an offer throughout the previous month up until the fund reaches its target of 60% direct financial investments.
In addition, TEAF’s commentary has actually been released for the 3rd calendar quarter of 2022. The commentary piece highlights fund efficiency of the general public and direct financial investments in the necessary property sectors in which the fund invests. A copy of the commentary piece is offered on the business site https://cef.ecofininvest.com/funds/teaf/#literature.
TCA Advisors is the advisor to Ecofin Sustainable and Social Effect Term Fund and Ecofin Advisors Limited is the fund’s sub-adviser.
Safe harbor declaration
This news release will not make up a deal to offer or a solicitation to purchase, nor will there be any sale of these securities in any state or jurisdiction in which such deal or solicitation or sale would be illegal previous to registration or credentials under the laws of such state or jurisdiction.
Cautionary Declaration Relating To Positive Declarations
This news release includes particular declarations that might consist of “positive declarations” within the significance of Area 27A of the Securities Act of 1933, as changed, and Area 21E of the Securities Exchange Act of 1934, as changed. All declarations, besides declarations of historic reality, consisted of herein are “positive declarations.” The fund and TCA think that the expectations shown in these positive declarations are sensible, they do include presumptions, dangers and unpredictabilities, and these expectations might show to be inaccurate. Real outcomes might vary materially from those prepared for in these positive declarations as an outcome of a range of elements, consisting of those gone over in the fund’s reports that are submitted with the Securities and Exchange Commission. You must not position excessive dependence on these positive declarations, which speak just since the date of this news release. Besides as needed by law, the fund and TCA do not presume a responsibility to upgrade this positive declaration.
Contact Info
For extra info on this fund, please check out cef.ecofininvest.com or contact Jen Ashlock at (913) 981-1020 or [email protected].
