Tortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of July 31, 2025, for TYG and TEAF
Tortoise Capital has released unaudited balance sheet information and asset coverage ratio updates for two closed-end funds as of July 31, 2025. Tortoise Energy Infrastructure Corp. (NYSE:TYG) reported unaudited total assets of approximately $1.0 billion and a net asset value of $815.9 million ($47.34 per share), with asset coverage ratios of 634% for senior securities and 496% for preferred shares.
Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) disclosed unaudited total assets of $215.9 million and a net asset value of $180.6 million ($13.39 per share), with an asset coverage ratio of 621% for senior securities.
[ "Strong asset coverage ratios above 600% for both funds indicate solid financial health", "TYG maintains substantial total assets of $1.0 billion", "Both funds maintain healthy cash positions and balanced leverage" ]Tortoise Capital ha pubblicato informazioni non revisionate sul bilancio e aggiornamenti sul rapporto di copertura degli asset per due fondi chiusi al 31 luglio 2025. Tortoise Energy Infrastructure Corp. (NYSE:TYG) ha riportato attivit脿 totali non revisionate di circa 1,0 miliardi di dollari e un valore patrimoniale netto di 815,9 milioni di dollari (47,34 dollari per azione), con rapporti di copertura degli asset del 634% per i titoli senior e del 496% per le azioni privilegiate.
Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) ha reso noto attivit脿 totali non revisionate di 215,9 milioni di dollari e un valore patrimoniale netto di 180,6 milioni di dollari (13,39 dollari per azione), con un rapporto di copertura degli asset del 621% per i titoli senior.
- Rapporti di copertura degli asset elevati, superiori al 600% per entrambi i fondi, indicano una solida salute finanziaria
- TYG mantiene attivit脿 totali significative pari a 1,0 miliardi di dollari
- Entrambi i fondi conservano posizioni di liquidit脿 sane e un equilibrio nel leverage
Tortoise Capital ha publicado informaci贸n no auditada del balance y actualizaciones del ratio de cobertura de activos para dos fondos cerrados al 31 de julio de 2025. Tortoise Energy Infrastructure Corp. (NYSE:TYG) report贸 activos totales no auditados de aproximadamente 1.000 millones de d贸lares y un valor neto de activos de 815,9 millones de d贸lares (47,34 d贸lares por acci贸n), con ratios de cobertura de activos del 634% para valores senior y 496% para acciones preferentes.
Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) revel贸 activos totales no auditados de 215,9 millones de d贸lares y un valor neto de activos de 180,6 millones de d贸lares (13,39 d贸lares por acci贸n), con un ratio de cobertura de activos del 621% para valores senior.
- Ratios de cobertura de activos superiores al 600% en ambos fondos indican una s贸lida salud financiera
- TYG mantiene activos totales sustanciales de 1.000 millones de d贸lares
- Ambos fondos mantienen posiciones de efectivo saludables y un apalancamiento equilibrado
Tortoise Capital电� 2025雲� 7鞗� 31鞚� 旮办鞙茧 霊� 臧滌潣 韽愳噭順� 韼�霌滌棎 雽�頃� 臧愳偓霅橃 鞎婌潃 雽�彀寑臁绊憸 鞝曤炒鞕� 鞛愳偘 旎る矂毽 牍勳湪 鞐呺嵃鞚错姼毳� 氚滍憸頄堨姷雼堧嫟. Tortoise Energy Infrastructure Corp. (NYSE:TYG)电� 鞎� 10鞏� 雼煬鞚� 臧愳偓霅橃 鞎婌潃 齑� 鞛愳偘瓿� 8鞏� 1,590毵� 雼煬鞚� 靾滌瀽靷� 臧�旃�(欤茧嫻 47.34雼煬)毳� 氤搓碃頄堨溂氅�, 靹犾垳鞙� 歃濌秾鞐� 雽�頃� 鞛愳偘 旎る矂毽 牍勳湪鞚� 634%, 鞖办劆欤检棎 雽�頃挫劀电� 496%鞛呺媹雼�.
Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF)电� 2鞏� 1,590毵� 雼煬鞚� 臧愳偓霅橃 鞎婌潃 齑� 鞛愳偘瓿� 1鞏� 8,060毵� 雼煬鞚� 靾滌瀽靷� 臧�旃�(欤茧嫻 13.39雼煬)毳� 瓿店皽頄堨溂氅�, 靹犾垳鞙� 歃濌秾鞐� 雽�頃� 鞛愳偘 旎る矂毽 牍勳湪鞚� 621%鞛呺媹雼�.
- 霊� 韼�霌� 氇憪 600% 鞚挫儊鞚� 雴掛潃 鞛愳偘 旎る矂毽 牍勳湪鞚� 鞙犾頃橃棳 瓴碃頃� 鞛 瓯挫爠靹膘潉 雮橅儉雰�
- TYG电� 10鞏� 雼煬鞚� 靸侂嫻頃� 齑� 鞛愳偘鞚� 鞙犾頃�
- 霊� 韼�霌� 氇憪 瓯搓皶頃� 順勱笀 氤挫湢鞕� 攴犿槙 鞛№瀸 霠堧矂毽毳� 鞙犾頃�
Tortoise Capital a publi茅 des informations non audit茅es sur le bilan et des mises 脿 jour du ratio de couverture des actifs pour deux fonds ferm茅s au 31 juillet 2025. Tortoise Energy Infrastructure Corp. (NYSE:TYG) a d茅clar茅 des actifs totaux non audit茅s d'environ 1,0 milliard de dollars et une valeur nette d'actifs de 815,9 millions de dollars (47,34 dollars par action), avec des ratios de couverture des actifs de 634 % pour les titres seniors et de 496 % pour les actions privil茅gi茅es.
Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) a r茅v茅l茅 des actifs totaux non audit茅s de 215,9 millions de dollars et une valeur nette d'actifs de 180,6 millions de dollars (13,39 dollars par action), avec un ratio de couverture des actifs de 621 % pour les titres seniors.
- Des ratios de couverture des actifs 茅lev茅s, sup茅rieurs 脿 600 % pour les deux fonds, indiquent une solide sant茅 financi猫re
- TYG maintient des actifs totaux importants de 1,0 milliard de dollars
- Les deux fonds maintiennent des positions de tr茅sorerie saines et un levier 茅quilibr茅
Tortoise Capital hat zum 31. Juli 2025 nicht testierte Bilanzinformationen und Aktualisierungen der Verm枚gensdeckungsquote f眉r zwei geschlossene Fonds ver枚ffentlicht. Tortoise Energy Infrastructure Corp. (NYSE:TYG) meldete nicht testierte Gesamtverm枚genswerte von etwa 1,0 Milliarde US-Dollar und einen Nettoinventarwert von 815,9 Millionen US-Dollar (47,34 US-Dollar pro Aktie) mit Verm枚gensdeckungsquoten von 634 % f眉r vorrangige Wertpapiere und 496 % f眉r Vorzugsaktien.
Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) gab nicht testierte Gesamtverm枚genswerte von 215,9 Millionen US-Dollar und einen Nettoinventarwert von 180,6 Millionen US-Dollar (13,39 US-Dollar pro Aktie) bekannt, mit einer Verm枚gensdeckungsquote von 621 % f眉r vorrangige Wertpapiere.
- Starke Verm枚gensdeckungsquoten von 眉ber 600 % bei beiden Fonds deuten auf eine solide finanzielle Gesundheit hin
- TYG h盲lt betr盲chtliche Gesamtverm枚genswerte von 1,0 Milliarde US-Dollar
- Beide Fonds weisen gesunde Liquidit盲tspositionen und ausgewogene Verschuldung auf
- None.
- None.
Insights
Tortoise funds TYG and TEAF show strong asset coverage ratios, indicating healthy financial positions with substantial cushion above regulatory requirements.
The unaudited financial data reveals both Tortoise funds maintain solid financial positions. TYG reports approximately
Similarly, TEAF shows healthy metrics with
The capital structure of both funds reflects a balanced approach to leverage. TYG employs
The high coverage ratios indicate these funds have significant financial flexibility and safety margins in their capital structures. This conservative positioning is particularly valuable given market uncertainties, suggesting management is prioritizing stability while maintaining adequate leverage to enhance returns for shareholders.
OVERLAND PARK, KS / / August 1, 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 July 31, 2025, the company's unaudited total assets were approximately
As of July 31, 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 July 31, 2025.
Unaudited balance sheet
(in Millions) | Per Share | |||||||
Investments | $ | 1,025.4 | $ | 59.49 | ||||
Cash and Cash Equivalents | 0.5 | 0.03 | ||||||
Current Tax Assets | 0.4 | 0.02 | ||||||
Other Assets | 4.7 | 0.27 | ||||||
Total Assets | 1,031.0 | 59.81 | ||||||
Short-Term Borrowings | 76.1 | 4.42 | ||||||
Senior Notes | 85.1 | 4.94 | ||||||
Preferred Stock | 44.9 | 2.60 | ||||||
Total Leverage | 206.1 | 11.96 | ||||||
Other Liabilities | 3.4 | 0.19 | ||||||
Deferred Tax Liability | 5.6 | 0.32 | ||||||
Net Assets | $ | 815.9 | $ | 47.34 | ||||
17.24 million common shares currently outstanding.
Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) today announced that as of July 31, 2025, the company's unaudited total assets were approximately
As of July 31, 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 July 31, 2025.
Unaudited balance sheet
(in Millions) | Per Share | |||||||
Investments | $ | 214.4 | $ | 15.89 | ||||
Cash and Cash Equivalents | 0.5 | 0.04 | ||||||
Other Assets | 1.0 | 0.07 | ||||||
Total Assets | 215.9 | 16.00 | ||||||
Margin Loan Facility Borrowings | 34.7 | 2.57 | ||||||
Other Liabilities | 0.6 | 0.04 | ||||||
Net Assets | $ | 180.6 | $ | 13.39 | ||||
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 .
TEAF also provides update on direct investments.
TEAF provides an update on the fund's direct investments on the company website at . Details on each private deal that has taken place over the prior month will be published on the website at . The list includes all deals completed since the fund's inception.
About Tortoise Capital
With approximately
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 .
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.
Media Contacts
Craft & Capital
Chris Sullivan [email protected]
Rob Jesselson [email protected]
SOURCE: Tortoise Capital
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FAQ
What is TEAF's net asset value (NAV) per share as of July 31, 2025?
What are TYG's total assets and asset coverage ratios?
How many common shares are outstanding for TEAF?
What is TYG's leverage structure as of July 31, 2025?
Where can investors find information about TEAF's direct investments?
