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Tortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of August 29, 2025, for TYG and TEAF
OVERLAND PARK, KS / ACCESS Newswire / September 2, 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 August 29, 2025, the company's unaudited total assets were approximately $1.0 billion and its unaudited net asset value was $788.7 million, or $45.76 per share.
As of August 29, 2025, the company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 685%, and its coverage ratio for preferred shares was 464%. For more information on the company's coverage ratios, please refer to the leverage summary web page at https://cef.tortoisecapital.com.
Set forth below is a summary of the company's unaudited balance sheet at August 29, 2025.
Unaudited balance sheet
(in Millions) | Per Share | |||
Investments | $ | 1,010.5 | $ | 58.63 |
Cash and Cash Equivalents | 0.4 | 0.02 | ||
Current Tax Assets | 0.4 | 0.03 | ||
Other Assets | 3.2 | 0.18 | ||
Total Assets | 1,014.5 | 58.86 | ||
Short-Term Borrowings | 6.6 | 0.38 | ||
Senior Notes | 140.1 | 8.13 | ||
Preferred Stock | 69.9 | 4.06 | ||
Total Leverage | 216.6 | 12.57 | ||
Other Liabilities | 3.6 | 0.21 | ||
Deferred Tax Liability | 5.6 | 0.32 | ||
Net Assets | $ | 788.7 | $ | 45.76 |
17.24 million common shares currently outstanding.
Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) today announced that as of August 29, 2025, the company's unaudited total assets were approximately $213.9 million and its unaudited net asset value was $178.0 million, or $13.20 per share.
As of August 29, 2025, the company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 609%. For more information on the company's coverage ratios, please refer to the leverage summary web page at https://cef.tortoisecapital.com.
Set forth below is a summary of the company's unaudited balance sheet at August 29, 2025.
Unaudited balance sheet
(in Millions) | Per Share | |||
Investments | $ | 212.3 | $ | 15.74 |
Cash and Cash Equivalents | 0.6 | 0.04 | ||
Other Assets | 1.0 | 0.07 | ||
Total Assets | 213.9 | 15.85 | ||
Margin Loan Facility Borrowings | 35.0 | 2.59 | ||
Other Liabilities | 0.9 | 0.06 | ||
Net Assets | $ | 178.0 | $ | 13.20 |
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.tortoisecapital.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.tortoisecapital.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.tortoisecapital.com/funds/teaf/#deal-summaries-list. The list includes all deals completed since the fund's inception.
About Tortoise Capital
With approximately $9.1 billion in assets under management as of July 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.TortoiseCapital.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.tortoisecapital.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.
Media Contacts
Craft & Capital
Chris Sullivan [email protected]
Rob Jesselson [email protected]
SOURCE: Tortoise Capital
View the original press release on ACCESS Newswire
F.Wilson--AT