TEAF Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of August 30, 2024
Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) has released its unaudited balance sheet information and asset coverage ratio updates as of August 30, 2024. The fund's unaudited total assets were approximately $229.0 million, with a net asset value of $202.8 million, or $15.03 per share. The asset coverage ratio under the 1940 Act for senior securities representing indebtedness was 898%.
Key figures from the unaudited balance sheet include:
- Investments: $226.6 million ($16.80 per share)
- Cash and Cash Equivalents: $0.4 million ($0.02 per share)
- Credit Facility Borrowings: $25.4 million ($1.88 per share)
- 13.49 million common shares outstanding
TEAF also provides updates on direct investments on its website, including details on private deals completed since the fund's inception.
Il Fondo Termico Sostenibile e Sociale Ecofin (NYSE:TEAF) ha pubblicato le informazioni sulla sua situazione patrimoniale non auditata e gli aggiornamenti sul rapporto di copertura degli attivi al 30 agosto 2024. Gli attivi totali non auditati del fondo ammontavano a circa 229,0 milioni di dollari, con un valore netto degli attivi di 202,8 milioni di dollari, pari a 15,03 dollari per azione. Il rapporto di copertura degli attivi ai sensi del 1940 Act per i titoli senior rappresentanti indebitamento era pari a 898%.
Le cifre chiave della situazione patrimoniale non auditata includono:
- Investimenti: 226,6 milioni di dollari (16,80 dollari per azione)
- Contante e Equivalenti di Contante: 0,4 milioni di dollari (0,02 dollari per azione)
- Prestiti da Linee di Credito: 25,4 milioni di dollari (1,88 dollari per azione)
- 13,49 milioni di azioni comuni in circolazione
TEAF fornisce anche aggiornamenti sugli investimenti diretti sul suo sito web, compresi i dettagli sulle operazioni private completate dalla creazione del fondo.
El Fondo Térmico Sostenible y de Impacto Social de Ecofin (NYSE:TEAF) ha publicado su información no auditada sobre el balance y actualizaciones del índice de cobertura de activos al 30 de agosto de 2024. Los activos totales no auditados del fondo eran aproximadamente 229,0 millones de dólares, con un valor neto de los activos de 202,8 millones de dólares, o 15,03 dólares por acción. El índice de cobertura de activos bajo la Ley de 1940 para títulos senior representando deuda fue del 898%.
Las cifras clave del balance no auditado incluyen:
- Inversiones: 226,6 millones de dólares (16,80 dólares por acción)
- Efectivo y Equivalentes de Efectivo: 0,4 millones de dólares (0,02 dólares por acción)
- Préstamos de Línea de Crédito: 25,4 millones de dólares (1,88 dólares por acción)
- 13,49 millones de acciones comunes en circulación
TEAF también proporciona actualizaciones sobre inversiones directas en su sitio web, incluidos los detalles sobre acuerdos privados completados desde la creación del fondo.
에코핀 지속 가능 및 사회적 영향 기금 (NYSE:TEAF)은 2024년 8월 30일 기준으로 감사되지 않은 대차대조표 정보 및 자산 커버리지 비율 업데이트를 발표했습니다. 이 감사되지 않은 총 자산은 약 2억 2천 9백만 달러였고, 순 자산 가치는 2억 2천 8백만 달러, 즉 주당 15.03달러였습니다. 1940년법에 따른 장기채권을 나타내는 고위 증권의 자산 커버리지 비율은 898%였습니다.
감사되지 않은 대차대조표의 주요 수치는 다음과 같습니다:
- 투자: 2억 2천 6백 6십만 달러 (주당 16.80달러)
- 현금 및 현금성 자산: 40만 달러 (주당 0.02달러)
- 신용 공여 대출: 2천 5백 40만 달러 (주당 1.88달러)
- 발행된 보통주: 1,349만주
TEAF는 또한 웹사이트에서 직접 투자에 대한 업데이트를 제공하며, 기금 설립 이후 완료된 민간 거래에 대한 세부정보도 포함되어 있습니다.
Le Fonds de Durabilité et d'Impact Social Ecofin (NYSE:TEAF) a publié des informations sur son bilan non auditée et des mises à jour du ratio de couverture des actifs au 30 août 2024. Les total des actifs non audités du fonds étaient d'environ 229,0 millions de dollars, avec une valeur nette des actifs de 202,8 millions de dollars, soit 15,03 dollars par action. Le ratio de couverture des actifs selon la loi de 1940 pour les titres senior représentant des dettes était de 898%.
Les chiffres clés du bilan non audité incluent :
- Investissements : 226,6 millions de dollars (16,80 dollars par action)
- Trésorerie et équivalents de trésorerie : 0,4 million de dollars (0,02 dollars par action)
- Emprunts de ligne de crédit : 25,4 millions de dollars (1,88 dollars par action)
- 13,49 millions d'actions ordinaires en circulation
TEAF fournit également des mises à jour sur les investissements directs sur son site Web, y compris les détails des transactions privées conclues depuis la création du fonds.
Der Ecofin Nachhaltigkeits- und Sozialertragsfonds (NYSE:TEAF) hat am 30. August 2024 seine nicht testierten Bilanzinformationen und Updates zur Vermögensdeckung veröffentlicht. Die nicht testierten Gesamtvermögen des Fonds beliefen sich auf etwa 229,0 Millionen US-Dollar, mit einem Nettovermögen von 202,8 Millionen US-Dollar, oder 15,03 US-Dollar pro Aktie. Der Vermögensdeckungsgrad gemäß dem 1940er Gesetz für vorrangige Wertpapiere, die Schulden darstellen, betrug 898%.
Wichtige Kennzahlen aus der nicht testierten Bilanz sind:
- Investitionen: 226,6 Millionen US-Dollar (16,80 US-Dollar pro Aktie)
- Bargeld und Bargeldäquivalente: 0,4 Millionen US-Dollar (0,02 US-Dollar pro Aktie)
- Kreditlinien-Verschuldung: 25,4 Millionen US-Dollar (1,88 US-Dollar pro Aktie)
- 13,49 Millionen ausgegebene Stammaktien
TEAF bietet auch Updates zu direkten Investitionen auf seiner Website an, einschließlich Details zu privaten Geschäften, die seit der Gründung des Fonds abgeschlossen wurden.
- Strong asset coverage ratio of 898% under the 1940 Act
- Substantial investment portfolio of $226.6 million
- Net asset value of $202.8 million, or $15.03 per share
- Credit facility borrowings of $25.4 million
Insights
TEAF's latest financial update reveals a stable position with $229.0 million in total assets and a net asset value of $202.8 million. The
The balance sheet shows $226.6 million in investments, comprising
TEAF's commitment to transparency through monthly updates on direct investments is commendable, potentially attracting investors interested in sustainable and social impact investments. However, the fund's performance relative to its peers and benchmark would be important for a comprehensive evaluation.
TEAF's focus on sustainable and social impact investments positions it well in the growing ESG market. The fund's strategy of targeting 60% direct investments could provide unique exposure to private deals, potentially offering higher returns and diversification benefits to investors.
The fund's 13.49 million outstanding shares and current NAV suggest a market capitalization around
The discrepancy between the
OVERLAND PARK, KS / ACCESSWIRE / September 3, 2024 / The following unaudited balance sheet information and asset coverage ratio update is provided for closed-end fund Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF).
As of Aug. 30, 2024, the company's unaudited total assets were approximately
As of Aug. 30, 2024, the company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was
Set forth below is a summary of the company's unaudited balance sheet at Aug. 30, 2024.
Unaudited balance sheet
| (in Millions) |
|
| Per Share |
| |||
Investments |
| $ | 226.6 |
|
| $ | 16.80 |
|
Cash and Cash Equivalents |
|
| 0.4 |
|
|
| 0.02 |
|
Other Assets |
|
| 2.0 |
|
|
| 0.15 |
|
Total Assets |
|
| 229.0 |
|
|
| 16.97 |
|
|
|
|
|
|
|
|
| |
Credit Facility Borrowings |
|
| 25.4 |
|
|
| 1.88 |
|
|
|
|
|
|
|
|
| |
Other Liabilities |
|
| 0.8 |
|
|
| 0.06 |
|
Net Assets |
| $ | 202.8 |
|
| $ | 15.03 |
|
13.49 million common shares outstanding.
The top 10 holdings for TEAF as of the most recent month-end can be found on the fund's portfolio web page at cef.ecofininvest.com/funds/teaf.
TEAF also provides update on direct investments.
TEAF provides an update on the fund's direct investments on the company website at https://cef.ecofininvest.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.ecofininvest.com/funds/teaf/#deal-summaries-list. The list includes all deals completed since the fund's inception. Updates will continue to be posted on a monthly basis if there was a deal during the prior month until the fund reaches its target of
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.
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
Margaret Kirch Cohen/Richard Chimberg
Newton Park PR
+1 847-507-2229
+1 617-312-4281
margaret@newtonparkpr.com
rich@newtonparkpr.com
SOURCE: Ecofin
View the original press release on accesswire.com
FAQ
What was TEAF's unaudited net asset value as of August 30, 2024?
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