TEAF

Ecofin Sustainable & Social Impact Term Fund
TEAF
Market cap $178M

13.20 USD

+0.01

0.08%

Updated Oct 22, 10:48 AM EDT

1 day

0.08%

5 days

0.99%

1 month

3.45%

3 months

7.40%

6 months

15.69%

Year to date

12.72%

1 year

17.96%

5 years

-18.06%

About: Tortoise Essential Assets Income Term is a US-based non-diversified, closed-end management investment company. Its investment objective is to provide common shareholders with a high level of total return with an emphasis on current distributions.

0

Funds holding %

of 6,740 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

53% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 15

50% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 4

11% more capital invested

Capital invested by funds: $53.3M [Q1] → $59.3M (+$6.07M) [Q2]

4.71% more ownership

Funds ownership: 33.43% [Q1] → 38.14% (+4.71%) [Q2]

4% more funds holding

Funds holding: 49 [Q1] → 51 (+2) [Q2]

See Fund Rankings

Research analyst outlook

We haven’t received any recent analyst ratings for TEAF.

See Analyst Rankings

Financial journalist opinion

5 Closed-End Fund Buys In The Month Of September 2024

The broader market indexes continue to hit all-time highs, with broader participation continuing into September. Every month, I add to my positions in my closed-end fund portfolio to grow my cash flow month after month. The main theme this month, which has been most of the theme this year, was adding to funds that should benefit from a lower rate environment.

5 Closed-End Fund Buys In The Month Of September 2024

Tortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of September 30, 2024, for TYG, NTG, TTP, NDP, TPZ and TEAF

OVERLAND PARK, KS / ACCESSWIRE / October 1, 2024 / Tortoise Capital today announced the following unaudited balance sheet information and asset coverage ratio updates for closed-end funds TYG, NTG, TTP, NDP, TPZ and TEAF. Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of Sept.

Tortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of September 30, 2024, for TYG, NTG, TTP, NDP, TPZ and TEAF

Tortoise Capital to Rename Ecofin Global Water ESG Fund and Ecofin Sustainable and Social Impact Term Fund, Replacing Ecofin Name with Tortoise

Changes Follow Previous Agreement to Sell Ecofin Advisors Limited, UK-based affiliate OVERLAND PARK, Kan. , Sept. 19, 2024 /PRNewswire/ -- Tortoise Capital Advisors, L.L.C.

Tortoise Capital to Rename Ecofin Global Water ESG Fund and Ecofin Sustainable and Social Impact Term Fund, Replacing Ecofin Name with Tortoise

TEAF: Weak Performance History But Transformation May Be On The Horizon

Tortoise Capital has been restructuring its business with the announcement of selling off some assets that don't fit its traditional energy-focused platform. TEAF is one of their more unique offerings, given the private investments in renewables, which doesn't necessarily fit with the new platform focus of Tortoise overall. Activist investors like Saba Capital Management have been pushing for changes successfully in the Tortoise CEF suite, and TEAF appears to be next up for potential shake-ups.

TEAF: Weak Performance History But Transformation May Be On The Horizon

TEAF Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of August 30, 2024

OVERLAND PARK, KS / ACCESSWIRE / September 3, 2024 / The following unaudited balance sheet information and asset coverage ratio update is provided for closed-end fund Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF). As of Aug. 30, 2024, the company's unaudited total assets were approximately $229.0 million and its unaudited net asset value was $202.8 million, or $15.03 per share.

TEAF Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of August 30, 2024

TEAF Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of July 31, 2024

OVERLAND PARK, KS / ACCESSWIRE / August 1, 2024 / The following unaudited balance sheet information and asset coverage ratio update is provided for Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF). As of July 31, 2024, the company's unaudited total assets were approximately $221.0 million and its unaudited net asset value was $200.8 million, or $14.89 per share.

TEAF Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of July 31, 2024

Ecofin Sustainable and Social Impact Term Fund (TEAF) Publishes Quarterly Commentary

OVERLAND PARK, KS / ACCESSWIRE / July 29, 2024 / Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) second quarter 2024 commentary is now available. The commentary piece highlights fund performance of the public and direct investments in the essential asset sectors in which the fund invests.

Ecofin Sustainable and Social Impact Term Fund (TEAF) Publishes Quarterly Commentary

TEAF Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of June 28, 2024

OVERLAND PARK, KS / ACCESSWIRE / July 1, 2024 / The following preliminary unaudited balance sheet information and asset coverage ratio update is provided for Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF). As of June 28, 2024, the company's unaudited total assets were approximately $226.6 million and its unaudited net asset value was $196.9 million, or $14.59 per share.

TEAF Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of June 28, 2024

U.S. Court of Appeals for the Second Circuit Reaffirms Ruling That Certain Closed-End Funds, Including Funds Advised by BlackRock, Violated the Investment Company Act of 1940

NEW YORK--(BUSINESS WIRE)--Saba Capital Management, L.P. (together with certain of its affiliates, “Saba” or “we”) today commented on the outcome of the appeal brought in the United States Court of Appeals for the Second Circuit (the “Appellate Court”) by the BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT), BlackRock Municipal Income Fund (NYSE: MUI), Royce Global Value Trust (NYSE: RGT), Tortoise Midstream Energy Fund (NYSE: NTG), Tortoise Energy Independence Fund (NYSE: NDP), Tortois.

U.S. Court of Appeals for the Second Circuit Reaffirms Ruling That Certain Closed-End Funds, Including Funds Advised by BlackRock, Violated the Investment Company Act of 1940

TEAF Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of May 31, 2024

OVERLAND PARK, KS / ACCESSWIRE / June 3, 2024 / The following preliminary unaudited balance sheet information and asset coverage ratio update is provided for Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF). As of May 31, 2024, the company's unaudited total assets were approximately $221.8 million and its unaudited net asset value was $200.2 million, or $14.84 per share.

TEAF Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of May 31, 2024

See News Rankings

Charts implemented using Lightweight Charts™