Ecofin Tax-Advantaged Social Impact Fund Announces 2021 Estimated Capital Gains

Rhea-AI Summary

Ecofin Tax-Advantaged Social Impact Fund (TSIFX) has released estimated capital gains distributions for 2021, aiding shareholders in year-end planning. The estimates as of October 31, 2021 indicate short-term capital gains of $0.0591, long-term gains of $0.0131, and a total of $0.0722 per share. These figures are estimates and subject to change, with final amounts to be reported on Form 1099-DIV in early 2022. Investors are advised to consult tax professionals for personalized guidance.

Positive

• Estimated short-term capital gains of $0.0591 per share.
• Estimated long-term capital gains of $0.0131 per share.
• Total estimated capital gains of $0.0722 per share.

Negative

• None.

OVERLAND PARK, Kan.--(BUSINESS WIRE)-- To assist our shareholders with year-end planning, we are providing estimates of the per-share capital gains for the calendar year 2021. These estimates were prepared using capital gain amounts as of October 31, 2021. The estimates are being provided for informational purposes only and may not include all required tax adjustments. Please keep in mind that the following amounts are estimates and subject to change. The final amounts will be reported to you on Form 1099-DIV, which will be mailed in early 2022.

2021 Estimated Capital Gain Distributions Per Share
Fund Name	Short-Term Capital Gains1	Long-Term Capital Gains2	Total Capital Gains
Ecofin Tax-Advantaged Social Impact Fund - TSIFX	$0.0591	$0.0131	$0.0722

1Short-term capital gains are generally taxable as ordinary income.

2Long-term capital gains may be taxable at reduced capital gain tax rates.

Nothing contained in this communication constitutes tax, legal, or investment advice. Investors must consult their tax advisor or legal counsel for advice and information concerning their particular situation.

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.

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.

TCA Advisors is the adviser to the fund and Ecofin Advisors, LLC is the sub-adviser.

Quasar Distributors, LLC, distributor

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 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 TCA 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 TCA Advisors do not assume a duty to update this forward-looking statement.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211201006146/en/

Maggie Zastrow, (913) 981-1020

info@tortoiseadvisors.com

Source: Ecofin

FAQ

What are the estimated capital gains for TSIFX in 2021?

The estimated capital gains for TSIFX in 2021 are $0.0591 for short-term, $0.0131 for long-term, and a total of $0.0722 per share.

When will the final capital gains be reported for TSIFX?

The final capital gains for TSIFX will be reported on Form 1099-DIV, which will be mailed in early 2022.

What is the significance of the capital gains estimate for TSIFX shareholders?

The capital gains estimate assists TSIFX shareholders in year-end tax planning and provides insight into their potential tax liabilities.

Who should TSIFX investors consult for tax advice?

TSIFX investors should consult a tax advisor or legal counsel for personalized tax advice and information.