Ecofin Sustainable and Social Impact Term Fund (TEAF) Stock

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.

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.

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.

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.

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.

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.

Ecofin Sustainable and Social Impact Term Fund is trading at a substantial discount of around 24% to its net asset value per share. The fund has a unique focus on infrastructure, including not only your traditional MLPs and pipeline companies but also education and senior living facilities. TEAF's performance hasn't been great, but the current discount presents an enticing opportunity, and the monthly distribution can make it easy to hold.

CEF activist Saba Capital is buying TEAF, potentially narrowing its high discount. Infrastructure and renewable energy stocks have underperformed in 2023 due to rising interest rates, market psychology, higher inflation, and recession concerns. Despite the recent selloff, analysts believe infrastructure and renewable energy stocks are attractive for long-term investors.

Ecofin Sustainable and Social Impact Term Fund offers a unique portfolio with a comprehensive infrastructure approach, including social infrastructure investments. TEAF has traded at a deep discount since its launch, presenting a potential long-term opportunity for investors. The fund pays an attractive monthly distribution, with a distribution yield of 8.61%, providing income for investors while they wait for the discount to narrow.