TEAF provides unaudited balance sheet information and asset coverage ratio updates as of November 30, 2021



OVERLAND PARK, Kan., December 02, 2021– (BUSINESS WIRE) – The following unaudited balance sheet information and updated asset coverage ratio is provided for Ecofin Sustainable and Social Impact Term Fund (NYSE: TEAF).

As of November 30, 2021, the company’s total unaudited assets were approximately $ 258.0 million and its unaudited net asset value was $ 232.6 million, or $ 17.24 per share.

As of November 30, 2021, the company’s asset coverage ratio within the meaning of the 1940 law on senior securities representing debt was 1,177%. For more information on the company’s coverage ratios, please refer to the Leverage Summary web page at https://cef.tortoseecofin.com.

Below is a summary of the company’s unaudited preliminary balance sheet as of November 30, 2021.

Preliminary unaudited balance sheet

(in millions)

Per share

Investments

$ 252.3

$ 18.70

Cash and cash equivalents

0.5

0.03

Investments receivable

2.7

0.20

other assets

2.5

0.19

Total assets

258.0

19.12

Credit facility borrowings

21.6

1.60

Investments to pay

2.7

0.20

Other liabilities

1.1

0.08

Net assets

$ 232.6

$ 17.24

13.49 million common shares outstanding.

TEAF’s top 10 holdings at the end of the most recent month are available on the fund’s portfolio webpage at cef.ecofininvest.com/funds/teaf.

For more information on this fund, visit cef.ecofininvest.com.

TCA Advisors is the advisor of Ecofin Sustainable and Social Impact Term Fund and Ecofin Advisors Limited is the sub-advisor of the fund.

Safe Harbor Declaration
This press release does not constitute an offer to sell or a solicitation to buy, and there will be no sale of such securities in any state or jurisdiction in which such an offer or solicitation or sale would be illegal prior to registration. or qualification under the laws of that state or jurisdiction.

Caution regarding forward-looking statements
This press release contains certain statements which 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 in this document are “forward-looking statements”. Although the fund and TCA believe that the expectations reflected in these forward-looking statements are reasonable, they 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 due to various factors, including those discussed in the fund’s reports which 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. Except as required by law, the Fund and TCA assume no obligation to update this forward-looking statement.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20211201006268/en/

Contacts

For more information, contact:
Maggie Zastrow, (913) 981-1020
[email protected]


Previous Advisor hopes Mosaic Place fourth quarter financials will be less red than third quarter report
Next Analysts have prepared a financial report on the annual report of Treatt plc (LON: TET)