Tortoise Essential Assets Income Term Fund (NYSE: TEAF) Provides Update on Fund’s Direct Investments
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) provides an update on direct investments.Since the last update issued on June 4, 2019, the fund closed on three direct social infrastructure investments totaling approximately $6.7 million. The fund also expects to close in the coming weeks on an additional $9 million social infrastructure investment and a $17.8 million portfolio of solar projects that will bring the fund’s total direct investment commitments to $56.3 million or 19% of the portfolio.The social infrastructure direct investments include follow-on financing for a charter school in Idaho with capacity to serve 550 students, a new charter school in Florida and a new senior living facility in Wisconsin with 179 units offering the continuum of care including independent and assisted living and memory care.“Our goal is to allocate approximately 60% of the portfolio into direct investments within the first year,” said Portfolio Manager
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News
- 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
- Tortoise Power and Energy Infrastructure Fund, Inc. Provides Section 19(a) NoticeAccesswire
- Tortoise Capital Announces Tortoise Recycling Decarbonization Index and Tortoise Recycling Decarbonization UCITS Index Constituent Changes Due to Corporate ActionAccesswire
- Tortoise Sustainable and Social Impact Term Fund (TEAF) Publishes Quarterly CommentaryAccesswire
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