Tortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of February 28, 2025, for TYG and TEAF
Tortoise Capital announced unaudited balance sheet information and asset coverage ratio updates for closed-end funds TYG and TEAF as of February 28, 2025. Tortoise Energy Infrastructure Corp. (NYSE:TYG) reported unaudited total assets of approximately $1.1 billion and a net asset value of $836.1 million, or $48.51 per share. The company's asset coverage ratio for senior securities representing indebtedness was 629%, and for preferred shares, it was 495%.
Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) reported unaudited total assets of approximately $220.8 million and a net asset value of $187.3 million, or $13.88 per share. The asset coverage ratio for senior securities representing indebtedness was 671%. TYG has 17.24 million common shares outstanding, while TEAF has 13.49 million common shares outstanding. Detailed information on top 10 holdings and direct investments for both funds is available on the company's website.
Tortoise Capital ha annunciato informazioni non verificate sul bilancio e aggiornamenti sul rapporto di copertura degli attivi per i fondi chiusi TYG e TEAF al 28 febbraio 2025. Tortoise Energy Infrastructure Corp. (NYSE:TYG) ha riportato attivi totali non verificati di circa 1,1 miliardi di dollari e un valore netto degli attivi di 836,1 milioni di dollari, ovvero 48,51 dollari per azione. Il rapporto di copertura degli attivi della società per i titoli senior rappresentanti debito era del 629%, mentre per le azioni privilegiate era del 495%.
Il Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) ha riportato attivi totali non verificati di circa 220,8 milioni di dollari e un valore netto degli attivi di 187,3 milioni di dollari, ovvero 13,88 dollari per azione. Il rapporto di copertura degli attivi per i titoli senior rappresentanti debito era del 671%. TYG ha 17,24 milioni di azioni ordinarie in circolazione, mentre TEAF ha 13,49 milioni di azioni ordinarie in circolazione. Informazioni dettagliate sulle prime 10 partecipazioni e sugli investimenti diretti per entrambi i fondi sono disponibili sul sito web della società.
Tortoise Capital anunció información no auditada sobre el balance y actualizaciones del ratio de cobertura de activos para los fondos cerrados TYG y TEAF al 28 de febrero de 2025. Tortoise Energy Infrastructure Corp. (NYSE:TYG) reportó activos totales no auditados de aproximadamente 1.1 mil millones de dólares y un valor neto de activos de 836.1 millones de dólares, o 48.51 dólares por acción. El ratio de cobertura de activos de la compañía para los valores senior que representan deuda fue del 629%, y para las acciones preferentes fue del 495%.
El Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) reportó activos totales no auditados de aproximadamente 220.8 millones de dólares y un valor neto de activos de 187.3 millones de dólares, o 13.88 dólares por acción. El ratio de cobertura de activos para los valores senior que representan deuda fue del 671%. TYG tiene 17.24 millones de acciones ordinarias en circulación, mientras que TEAF tiene 13.49 millones de acciones ordinarias en circulación. La información detallada sobre las 10 principales participaciones y las inversiones directas para ambos fondos está disponible en el sitio web de la compañía.
토르토이즈 캐피탈은 2025년 2월 28일 기준으로 폐쇄형 펀드 TYG와 TEAF의 감사되지 않은 대차대조표 정보와 자산 커버리지 비율 업데이트를 발표했습니다. 토르토이즈 에너지 인프라 주식회사 (NYSE:TYG)는 약 11억 달러의 감사되지 않은 총 자산과 8억 3,610만 달러의 순 자산 가치를 보고했으며, 이는 주당 48.51달러에 해당합니다. 회사의 부채를 나타내는 선순위 증권에 대한 자산 커버리지 비율은 629%였고, 우선주에 대해서는 495%였습니다.
토르토이즈 지속 가능 및 사회적 영향 기한 펀드 (NYSE:TEAF)는 약 2억 2,080만 달러의 감사되지 않은 총 자산과 1억 8,730만 달러의 순 자산 가치를 보고했으며, 이는 주당 13.88달러에 해당합니다. 부채를 나타내는 선순위 증권에 대한 자산 커버리지 비율은 671%였습니다. TYG는 1,724만 주의 보통주가 발행되어 있으며, TEAF는 1,349만 주의 보통주가 발행되어 있습니다. 두 펀드의 상위 10개 보유 자산 및 직접 투자에 대한 자세한 정보는 회사 웹사이트에서 확인할 수 있습니다.
Tortoise Capital a annoncé des informations de bilan non vérifiées et des mises à jour du ratio de couverture des actifs pour les fonds fermés TYG et TEAF au 28 février 2025. Tortoise Energy Infrastructure Corp. (NYSE:TYG) a déclaré des actifs totaux non vérifiés d'environ 1,1 milliard de dollars et une valeur nette d'actifs de 836,1 millions de dollars, soit 48,51 dollars par action. Le ratio de couverture des actifs de l'entreprise pour les titres senior représentant une dette était de 629%, et pour les actions privilégiées, il était de 495%.
Le Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) a déclaré des actifs totaux non vérifiés d'environ 220,8 millions de dollars et une valeur nette d'actifs de 187,3 millions de dollars, soit 13,88 dollars par action. Le ratio de couverture des actifs pour les titres senior représentant une dette était de 671%. TYG a 17,24 millions d'actions ordinaires en circulation, tandis que TEAF a 13,49 millions d'actions ordinaires en circulation. Des informations détaillées sur les 10 principales participations et les investissements directs pour les deux fonds sont disponibles sur le site web de l'entreprise.
Tortoise Capital gab unaudited Bilanzinformationen und Aktualisierungen der Vermögensdeckungsquote für die geschlossenen Fonds TYG und TEAF zum 28. Februar 2025 bekannt. Tortoise Energy Infrastructure Corp. (NYSE:TYG) berichtete über unaudited Gesamtvermögen von etwa 1,1 Milliarden Dollar und einen Nettovermögenswert von 836,1 Millionen Dollar, was 48,51 Dollar pro Aktie entspricht. Das Vermögensdeckungsverhältnis des Unternehmens für vorrangige Wertpapiere, die Schulden darstellen, betrug 629%, und für Vorzugsaktien lag es bei 495%.
Der Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) berichtete über unaudited Gesamtvermögen von etwa 220,8 Millionen Dollar und einen Nettovermögenswert von 187,3 Millionen Dollar, was 13,88 Dollar pro Aktie entspricht. Das Vermögensdeckungsverhältnis für vorrangige Wertpapiere, die Schulden darstellen, betrug 671%. TYG hat 17,24 Millionen Stammaktien ausstehend, während TEAF 13,49 Millionen Stammaktien ausstehend hat. Detaillierte Informationen zu den 10 größten Beteiligungen und direkten Investitionen für beide Fonds sind auf der Website des Unternehmens verfügbar.
- TYG's asset coverage ratio for senior securities: 629%
- TYG's asset coverage ratio for preferred shares: 495%
- TEAF's asset coverage ratio for senior securities: 671%
- TYG's net asset value: $836.1 million
- TEAF's net asset value: $187.3 million
- TEAF's total assets: $220.8 million
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
As of Feb. 28, 2025, 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 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
As of Feb. 28, 2025, 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 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
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 info@tortoiseadvisors.com.
SOURCE: Tortoise Capital
View the original press release on ACCESS Newswire
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