-
Fast and funny, Antonelli becomes Formula One's youngest king
-
Six key races that made Kimi Antonelli a world champion
-
Antonelli becomes youngest Formula One world champion
-
Isa double sends Pau past Toulouse in Top 14
-
Japan's Shimada wins Skate Canada in Grand Prix debut
-
NFL Lions linebacker Campbell carted off to hospital
-
NFL Vikings suffer first loss while Allen sparks Bills win
-
Iran warns new war could last longer after Trump threatens strikes
-
Antonelli title bid halted by red flag at Mexico GP
-
Bulgarian president wins runoff vote as Black Sea attacks raise stakes
-
Shelton adds former Alcaraz coach Ferrero to team
-
Iraola instructs Liverpool players to dive after Arsenal penalty call
-
Lyon, Paris FC close in on PSG at top of Ligue 1
-
Lazio pull clear at Serie A summit as Gattuso warns of vertigo
-
Arsenal ride out Liverpool storm to top Premier League
-
Israel elections chief says inquiry into irregularities will not undermine result
-
Binance resumes withdrawals after more than $6 bn stolen in hack
-
Vacherot beats Lehecka to clinch Basel title
-
Almgren wins debut marathon in New York, Chepkirui wins women's race
-
Buzzy Holmes doc wins slow Halloween box office in N. America
-
Violence after Germany's 'Gen Z' demos slammed by politicians
-
Mbappe strikes after China controversy as Real Madrid beat Santander
-
Lazio pull clear at Serie A summit
-
Almgren makes triumphant marathon debut in New York
-
Trump's Republicans scramble to stop Democratic midterms wave
-
Chinese state TV fails to air Real Madrid match after Mbappe row
-
Imperious Alcaraz crushes dogged De Minaur in Vienna final
-
France launches 'attempted murder' probe after petrol bomb attacks on security forces
-
Five things to know about Poland's constitutional crisis
-
Bayern's Saibari sidelined after ankle surgery
-
Sailors blessed with good weather as Route du Rhum gets underway
-
France launches 'attempted murder' probe after petrol bomb attack on security forces
-
Yamaha pulls out of Qatar MotoGP over 'Middle East situation'
-
Tens of thousands protest in India's capital against voter roll revision
-
Longest truce of Ukraine war, in Kherson region, set to end
-
Irish European athletics champion Ciara Mageean dies aged 34
-
Luckless Lawson demoted to back of grid for Mexico City Grand Prix
-
Seifert blasts 93 as New Zealand win fifth India T20
-
Marquez wins in Malaysia to close in on MotoGP world title
-
Portuguese police clash with housing protesters, arrest 13
-
Thousands protest in India's capital against voter roll revision
-
Marquez wins in Malaysia to stand on brink of MotoGP world title
-
Marquez wins Malaysian MotoGP to move to brink of world title
-
Binance says resuming withdrawals after major hack
-
Shnaider beats Fernandez to win Tokyo title
-
Divided Bulgaria votes in tense presidential runoff
-
Winds of change: Laos looks up for renewables push
-
Trump says US looking 'closely' at report Nvidia CEO target of China spy plot
-
Sri Lanka's war widows and the long search for the missing
-
Maxey scores 38 to lead Sixers 'fighters' to another comeback win
Tortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of February 28, 2025, for TYG and TEAF
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.
About Tortoise Capital
With approximately $9.6 billion in assets under management as of Jan. 31, 2025, Tortoise Capital's record of investment experience and research dates back more than 20 years. As an early investor in midstream energy, Tortoise Capital believes it is well-
positioned to be at the forefront of the global energy evolution that is under way. Based in Overland Park, Kansas, Tortoise Capital Advisors, L.L.C. is an SEC-registered fund manager that invests primarily in publicly traded companies in the energy and power infrastructure sectors-from production to transportation to distribution. For more information about Tortoise Capital, visit http://www.TortoiseAdvisors.com.
Tortoise Capital Advisors, L.L.C. is the adviser to Tortoise Energy Infrastructure Corp. and Tortoise Sustainable and Social Impact Term Fund.
For additional information on these funds, please visit cef.tortoiseadvisors.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain statements that may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although the funds and Tortoise Capital Advisors believe that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the fund's reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, the funds and Tortoise Capital Advisors do not assume a duty to update this forward-looking statement.
Safe harbor statement
This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.
Contact information
For more information contact Eva Lipner at (913) 890-2165 or [email protected].
SOURCE: Tortoise Capital
View the original press release on ACCESS Newswire
B.Torres--AT