Tortoise Capital Financial Updates for TYG and TEAF

On May 1, 2025, Tortoise Capital reported its unaudited balance sheet details for its closed-end funds Tortoise Energy Infrastructure Corp. (NYSE: TYG) and Tortoise Sustainable and Social Impact Term Fund (NYSE: TEAF) as of April 30, 2025. The data highlights positive metrics indicating the financial health of both funds.

#Financial Overview for TYG

According to the update, TYG's total assets amounted to approximately $945.9 million. The fund's net asset value (NAV) was recorded at $752.2 million, translating to a per-share value of $43.64. The fund's asset coverage ratio under the Investment Company Act of 1940 (1940 Act) was remarkably high at 668% concerning senior securities representing indebtedness. Additionally, the coverage ratio for preferred shares stood at 506%.

#TEAF Financial Metrics

TEAF demonstrated notable financial strength as well, with total assets reported at around $208.3 million and a net asset value of $176.8 million, equating to $13.10 per share. The fund's asset coverage ratio for senior securities was recorded at 670%, reinforcing its strong position in the market.

#Investment Insights

The financial data underscores Tortoise Capital's robust backing for its funds. TYG and TEAF's impressive asset coverage ratios suggest that both funds are well-positioned to manage their obligations toward senior securities and preferred shares, which can be advantageous for investors considering their investment stability.

As of April 30, 2025, TYG has approximately 17.24 million common shares currently outstanding, while TEAF reports around 13.49 million shares outstanding. These figures contribute to the liquidity profile of both funds.

#About Tortoise Capital

Based in Overland Park, Kansas, Tortoise Capital has over 20 years of experience in investment management, specifically focusing on midstream energy sectors. With approximately $9.6 billion in assets under management as of March 31, 2025, the firm remains a significant player in energy and power infrastructure investments.

#Key Takeaways

TYG’s total assets stand at approximately $945.9 million, with a net asset value of $752.2 million.
TEAF reports total assets of around $208.3 million and a net asset value of $176.8 million.
Both funds demonstrate strong asset coverage ratios: TYG at 668% for senior securities and 506% for preferred shares, and TEAF at 670%.
TYG has 17.24 million common shares outstanding; TEAF has 13.49 million shares.
Tortoise Capital focuses primarily on midstream energy and power infrastructure investments.

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Frequently Asked Questions

As of April 30, 2025, Tortoise Capital reported unaudited total assets of approximately $945.9 million and a net asset value of $752.2 million, equating to $43.64 per share. This represents a solid asset base, suggesting stability in their financial position.

As of the same date, TYG's asset coverage ratio with respect to senior securities representing indebtedness was an impressive 668%, while TEAF's stood at 670%. These high ratios indicate strong asset backing for both funds, which could be viewed positively by investors.

The notable asset coverage ratios of 668% for TYG and 670% for TEAF reflect a robust financial leverage position, suggesting that the funds are comfortably positioned to meet their indebtedness obligations, potentially reassuring for investors.

TYG has 17.24 million common shares outstanding, while TEAF has 13.49 million. The substantial number of shares in circulation can hint at a diversified ownership structure, which may support liquidity.

With over 20 years of investment experience and a strong focus on midstream energy, Tortoise Capital's historical performance may instil confidence among investors regarding their capability to navigate future market conditions effectively.

Tortoise Capital primarily invests in the energy and power infrastructure sectors, covering the entire supply chain from production to distribution. This broad focus positions them well to benefit from ongoing developments within the energy market.

Detailed information about TYG and TEAF's top 10 holdings can be accessed on each fund's portfolio web page hosted by Tortoise Capital, allowing investors to evaluate the funds' underlying assets.

Tortoise Capital aims to stay at the forefront of the global energy evolution, leveraging its expertise in the sector. This proactive strategy may align well with emerging opportunities within energy markets, offering potential growth for investors.

Tortoise Capital Releases Financial Updates for TYG and TEAF as of April 30, 2025