Ecofin’s Social Impact Team Aims to Further Enhance TSIFX Shareholder Experiences
Ecofin has announced significant measures to enhance shareholder experience and attract new investors to its Ecofin Tax-Advantaged Social Impact Fund (NASDAQ: TSIFX). Key actions include a 50 basis point reduction in the annual management fee, the rollout of an investor portal for repurchase indications, and the introduction of modest leverage to improve liquidity for investors. These initiatives aim to boost yield and returns for current shareholders while emphasizing the fund's focus on impact investing.
- Reduction of annual management fee by 50 basis points to improve shareholder value.
- Introduction of an investor portal to streamline repurchase submissions.
- Utilization of modest leverage to enhance liquidity and potential returns for investors.
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Ecofin, today announced it has executed on several measures aimed at enhancing shareholder experiences and attracting new investors into its interval fund, Ecofin Tax-Advantaged Social Impact Fund (NASDAQ: TSIFX). Actions taken include:
- Adviser voluntarily lowering the annual management fee by 50 basis points in the second quarter of 2021. The fee discount will be evaluated at the end of the quarter and a decision made on whether or not the discount will remain in place.
- The build out of an investor portal in which clients may submit their provisional repurchase indications.
- Addition of modest leverage to the fund; aimed at creating more liquidity for investors and potentially enhancing current shareholder returns.
“TSIFX seeks to provide a high level of tax-advantaged income, without taking inordinate credit or duration risk, by directly originating and structuring the investments in the form of bonds. The tradeoff is that the bonds are relatively illiquid, but in our view, an interval fund is the optimal vehicle for these assets,” said Dave Sifford, Managing Director of the Social Impact team. “In addition to institutionalizing the repurchase process, our intentions in making these enhancements are to boost the yield and return for existing shareholders while attracting new investors and continuing to make a positive impact on society and the environment.”
The investor portal to submit repurchase indications is located here: https://intervalfunds.ecofininvest.com/indication-of-interest/
About Ecofin
Ecofin is a sustainable investment firm dedicated to uniting ecology and finance. Our mission is to generate strong risk-adjusted returns while optimizing investors’ impact on society. We are socially-minded, ESG-attentive investors, harnessing years of expertise investing in sustainable infrastructure, energy transition, clean water & environment and social impact. Our strategies are accessible through a variety of investment solutions and seek to achieve positive impacts that align with UN Sustainable Development Goals by addressing pressing global issues surrounding climate action, clean energy, water, education, healthcare and sustainable communities. Ecofin Investments, LLC is the parent of registered investment advisers Ecofin Advisors, LLC and Ecofin Advisors Limited (collectively "Ecofin"). To learn more, please visit www.ecofininvest.com.
Basis point (bp) is a unit equal to 1/100th of
Before investing in the fund, investors should consider their investment goals, time horizons and risk tolerance. The fund's investment objective, risks, charges and expenses must be considered carefully before investing. The statutory and summary prospectus (click here) contain this and other important information about the fund. Copies of the fund's prospectus may be obtained by calling 855-TCA-FUND. Read it carefully before investing.
Investing involves risks. Principal loss is possible. The fund is suitable only for investors who can bear the risks associated with the limited liquidity of the fund and should be viewed as a long-term investment. The fund will ordinarily accrue and pay distributions from its net investment income, if any, once a quarter; however, the amount of distributions that the fund may pay, if any, is uncertain. There currently is no secondary market for the fund’s shares and the adviser does not expect that a secondary market will develop. Limited liquidity is provided to shareholders only through the fund’s quarterly Repurchase Offers for no less than
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TCA Advisors is the adviser to the fund and Ecofin Advisors, LLC is the sub-adviser.
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