TEAF Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of May 31, 2022
Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) reported its unaudited balance sheet as of May 31, 2022, showing total assets of approximately $264.2 million and a net asset value of $232.6 million, translating to $17.24 per share. The asset coverage ratio for senior securities was a robust 865%. Investments were valued at $261.2 million while cash and cash equivalents stood at $0.8 million. The fund has 13.49 million common shares outstanding. For further details, visit the fund's portfolio page.
- Total assets at approximately $264.2 million.
- Net asset value of $232.6 million or $17.24 per share.
- Robust asset coverage ratio of 865%.
- Only $0.8 million in cash and cash equivalents.
OVERLAND PARK, KS / ACCESSWIRE / June 1, 2022 / The following unaudited balance sheet information and asset coverage ratio update is provided for Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF).
As of May 31, 2022, the company's unaudited total assets were approximately
As of May 31, 2022, 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 May 31, 2022.
Unaudited balance sheet
(in Millions) | Per Share | |
Investments | ||
Cash and Cash Equivalents | 0.8 | 0.06 |
Other Assets | 2.2 | 0.16 |
Total Assets | 264.2 | 19.58 |
Credit Facility Borrowings | 30.4 | 2.25 |
Other Liabilities | 1.2 | 0.09 |
Net Assets |
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.
For additional information on this fund, please visit cef.ecofininvest.com.
TCA Advisors is the adviser to Ecofin Sustainable and Social Impact Term Fund and Ecofin Advisors Limited is the fund's sub-adviser.
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.
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 Jen Ashlock at (913) 981-1020 or info@tortoiseecofin.com.
SOURCE: Ecofin
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