Ecofin Sustainable and Social Impact Term Fund (TEAF) Announces its Upcoming Monthly Distributions

Rhea-AI Summary

Ecofin Sustainable and Social Impact Term Fund (TEAF) announced a monthly distribution of $0.09 per share falling within the managed distribution target range of 6-8% of the Fund's trailing average NAV. The distributions are payable on March 29, 2024, April 30, 2024, and May 31, 2024, to shareholders of record on the respective dates of March 22, 2024, April 23, 2024, and May 24, 2024. The source of distributions for TEAF is estimated to be approximately 35 to 45% ordinary income, with the remainder as return of capital. Tax characterization will be determined after year end. TCA Advisors is the adviser to the fund, and Ecofin Advisors Limited is the sub-adviser.

OVERLAND PARK, KS / ACCESSWIRE / February 7, 2024 / Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) announced its monthly distribution of $0.09 per share. This distribution falls within the managed distribution target range of 6-8% of the Fund's trailing average NAV.

Upcoming distribution dates

TEAF monthly distributions are payable on March 29, 2024, April 30, 2024, and May 31, 2024, to shareholders of record on the respective dates of March 22, 2024, April 23, 2024, and May 24, 2024.

For book purposes, the source of distributions for TEAF is estimated to be approximately 35 to 45% ordinary income, with the remainder as return of capital. For tax purposes, the characterization will not be made until determination of earnings and profits after year end.

For additional information on this fund, please visit https://cef.ecofininvest.com/funds/teaf/.

TCA Advisors is the adviser to Ecofin Sustainable and Social Impact Term Fund and Ecofin Advisors Limited is the fund's sub-adviser.

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, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although the fund and TCA 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 fund and TCA do not assume a duty to update this forward-looking statement.

Contact Information

For more information contact Eva Lipner at (913) 890-2165 or info@tortoiseecofin.com.

SOURCE: Ecofin

View the original press release on accesswire.com

FAQ

What is the monthly distribution amount announced by Ecofin Sustainable and Social Impact Term Fund (TEAF)?

The monthly distribution announced by TEAF is $0.09 per share.

What is the managed distribution target range for TEAF?

The managed distribution target range for TEAF is 6-8% of the Fund's trailing average NAV.

When are the upcoming distribution dates for TEAF?

The upcoming distribution dates for TEAF are March 29, 2024, April 30, 2024, and May 31, 2024.

What is the estimated source of distributions for TEAF?

The estimated source of distributions for TEAF is approximately 35 to 45% ordinary income, with the remainder as return of capital.

Who is the adviser to Ecofin Sustainable and Social Impact Term Fund?

TCA Advisors is the adviser to Ecofin Sustainable and Social Impact Term Fund.

Who is the sub-adviser to Ecofin Sustainable and Social Impact Term Fund?

Ecofin Advisors Limited is the sub-adviser to Ecofin Sustainable and Social Impact Term Fund.