Tortoise Essential Assets Income Term Fund (NYSE: TEAF) Provides Update on Fund’s Investments and Recent Market Performance
Tortoise Sustainable and Social Impact Term Fund Common shares of beneficial interest (TEAF)
Company Research
Source: Business Wire
LEAWOOD, Kan.--(BUSINESS WIRE)-- Tortoise Essential Assets Income Term Fund (NYSE: TEAF) today provided an update on the fund’s investment of the IPO proceeds and a podcast on the recent market performance. “We are very pleased with the progress we’ve made on the fund’s investments since the IPO as we have now made direct investments in each of the investment verticals,” said Managing Director and Closed-End Fund CEO, Brad Adams. “We were able to invest the initial proceeds efficiently, achieving our yield, liquidity and diversification targets. Our goal is to allocate approximately 60% of the portfolio into direct investments within the first year. We have made good progress and see a strong path ahead in our pipeline of future direct investments.” Since the fund’s inception, it has closed on four direct investments totaling more than $22 million. The social infrastructure direct investment is a
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TEAF
News
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- Tortoise Capital Announces Closed-End Fund Distributions Accesswire
- Tortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of October 31, 2024, for TYG, NTG, TTP, NDP, TPZ and TEAFAccesswire
TEAF
Sec Filings
- 11/7/24 - Form DEFA14A
- 11/7/24 - Form 8-K
- 10/28/24 - Form N-PX/A
- TEAF's page on the SEC website