TEAF

U.S. District Court for the Southern District of New York Rules That Certain Closed-End Funds, Including Funds Advised by BlackRock, Violated the Investment Company Act of 1940

Retrieved on: 
Thursday, December 7, 2023
Professional Services, Finance, ISS, Annual general meeting, NYSE, NTG, Nuveen, FSCO, TTP, RGT, TEAF, BlackRock, ECAT, Boaz Weinstein, District court, Franklin Templeton Investments, Eaton Vance, NDP, ADX, Oaktree Capital Management, Court, Royce Investment Partners, Security (finance), Trustee

Saba filed its lawsuit in the Court on June 29, 2023 after the BlackRock trustees disclosed they would strip shareholders’ votes, in violation of the Investment Company Act of 1940 (the “ICA”), at their 2023 Annual Meeting.

Key Points: 
  • Saba filed its lawsuit in the Court on June 29, 2023 after the BlackRock trustees disclosed they would strip shareholders’ votes, in violation of the Investment Company Act of 1940 (the “ICA”), at their 2023 Annual Meeting.
  • Despite the Funds filing various motions to dismiss the lawsuit, the Court ruled in favor of Saba, finding that the actions of the BlackRock Fund and its trustees violated federal law.
  • Just last week, the U.S. Court of Appeals for the Second Circuit upheld that certain Nuveen-advised closed-end funds also violated the ICA after Saba sued Nuveen and the trustees in the Court.
  • Royce Global Value Trust is managed by Royce Investment Partners, an affiliate of Franklin Templeton.

Ecofin Sustainable and Social Impact Term Fund (TEAF) Provides Update on Direct Investments and Portfolio Allocation

Retrieved on: 
Monday, February 14, 2022
Energy, Professional Services, Oil, Gas, Finance, NYSE, TEAF, U.S. Securities and Exchange Commission, Security (finance), Securities Act of 1933, TCA, Securities Exchange Act of 1934, Sustainability, Update, Sale, Investment

Ecofin Sustainable and Social Impact Term Fund (NYSE: TEAF) provides an update on the funds direct investments, portfolio asset allocation, structure types and impact statistics as of January 31, 2022, on the company website here .

Key Points: 
  • Ecofin Sustainable and Social Impact Term Fund (NYSE: TEAF) provides an update on the funds direct investments, portfolio asset allocation, structure types and impact statistics as of January 31, 2022, on the company website here .
  • Updates will continue to be posted on a monthly basis until the fund reaches its target of 60% direct investments.
  • Please see a link to register for an upcoming webinar that will provide an update on the fund as well as an outlook on the sectors and direct investments in the fund.
  • TCA Advisors is the adviser to Ecofin Sustainable and Social Impact Term Fund and Ecofin Advisors Limited is the funds sub-adviser.

TEAF Announces 2021 Fund Tax Characterization of Distributions, Release of Annual Report and Upcoming Webinar

Retrieved on: 
Saturday, January 29, 2022
Energy, Professional Services, Oil, Gas, Finance, Sale, Internal Revenue Code section 1031, Calendar, Securities Act of 1933, TEAF, Internal Revenue Code, U.S. Securities and Exchange Commission, Investment, Securities Exchange Act of 1934, Security (finance), Annual report, Cryptocurrency

Today Ecofin Sustainable and Social Impact Term Fund (TEAF) announced the tax characterization of 2021 distributions paid to its common stockholders.

Key Points: 
  • Today Ecofin Sustainable and Social Impact Term Fund (TEAF) announced the tax characterization of 2021 distributions paid to its common stockholders.
  • For tax purposes, TEAF's 2021 distributions were characterized as 32% as ordinary income, 39% qualified dividend income and 29% return of capital.
  • The adviser also announced today the release of the 2021 annual stockholders' report.
  • 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) Increases its Monthly Distribution 12.5% to $0.09 Per Share

Retrieved on: 
Tuesday, January 18, 2022
Finance, Oil, Gas, Energy, Environment, Professional Services, Securities Exchange Act of 1934, TEAF, TCA, NYSE, Update, U.S. Securities and Exchange Commission, Investment, NAV, Security (finance), Securities Act of 1933, Sustainability, Bank

Ecofin Sustainable and Social Impact Term Fund (NYSE: TEAF) announced a 12.5% increase in its monthly distributions to $0.09 per share beginning in March and payable on the dates noted below.

Key Points: 
  • Ecofin Sustainable and Social Impact Term Fund (NYSE: TEAF) announced a 12.5% increase in its monthly distributions to $0.09 per share beginning in March and payable on the dates noted below.
  • Updates will continue to be posted on a monthly basis until the fund reaches its target of 60% direct investments.
  • TCA Advisors is the adviser to Ecofin Sustainable and Social Impact Term Fund and Ecofin Advisors Limited is the funds sub-adviser.
  • Other than as required by law, the fund and TCA do not assume a duty to update this forward-looking statement.

Ecofin Sustainable and Social Impact Term Fund (TEAF) Provides Update on Direct Investments and Portfolio Allocation

Retrieved on: 
Friday, December 10, 2021
Environment, Finance, Other Energy, Utilities, Oil, Gas, Professional Services, Energy, Other Education, Education, U.S. Securities and Exchange Commission, Securities Exchange Act of 1934, Investment, TEAF, Securities Act of 1933, Security (finance), Update, Sale, Sustainability, TCA, NYSE, Health insurance

Ecofin Sustainable and Social Impact Term Fund (NYSE: TEAF) provides an update on the funds direct investments, portfolio asset allocation, structure types and impact statistics as of November 30, 2021, on the company website here .

Key Points: 
  • Ecofin Sustainable and Social Impact Term Fund (NYSE: TEAF) provides an update on the funds direct investments, portfolio asset allocation, structure types and impact statistics as of November 30, 2021, on the company website here .
  • Updates will continue to be posted on a monthly basis until the fund reaches its target of 60% direct investments.
  • TCA Advisors is the adviser to Ecofin Sustainable and Social Impact Term Fund and Ecofin Advisors Limited is the funds sub-adviser.
  • Other than as required by law, the fund and TCA do not assume a duty to update this forward-looking statement.

Ecofin Sustainable and Social Impact Term Fund (TEAF) Increases its Monthly Distribution 6.7% to $0.08 Per Share

Retrieved on: 
Tuesday, November 9, 2021
Professional Services, Environment, Oil, Gas, Alternative Energy, Energy, Finance, Securities Exchange Act of 1934, Adoption, Goal, Ecology, TEAF, Education, Security (finance), Update, L.L.C, Water, Sustainable Development Goals, Income, Investment, Calendar, Securities Act of 1933, Policy, LLC, Sale, Board, U.S. Securities and Exchange Commission, Environment, Sustainability, Solution, NYSE, TCA, Health insurance, Bank, Life insurance

The commentary piece highlights fund performance of the public and direct investments in the essential asset sectors in which the fund invests.

Key Points: 
  • The commentary piece highlights fund performance of the public and direct investments in the essential asset sectors in which the fund invests.
  • We are socially minded, ESG-attentive investors, harnessing years of expertise investing in sustainable infrastructure, energy transition, clean water & environment and social impact.
  • Ecofin Investments, LLC is the parent of registered investment advisers Ecofin Advisors, LLC and Ecofin Advisors Limited (collectively Ecofin).
  • (also dba TCA Advisors) (TCA) is the adviser to Ecofin Sustainable and Social Impact Term Fund and Ecofin Advisors Limited is the funds sub-adviser.

TortoiseEcofin Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of October 31, 2021 for TYG, NTG, TTP, NDP, TPZ and TEAF

Retrieved on: 
Tuesday, November 2, 2021
Environment, Finance, Public Relations, Investor Relations, Other Energy, Utilities, Oil, Gas, Communications, Professional Services, Alternative Energy, Energy, TCA, Securities Act of 1933, NDP, L.L.C, TTP, Security (finance), U.S. Securities and Exchange Commission, TPZ, TYG, Adviser, TEAF, NTG, Sale, Securities Exchange Act of 1934, Education, Ecology, Bank

The top 10 holdings for TYG, NTG, TTP, NDP, TPZ and TEAF as of the most recent month-end can be found on each funds portfolio web page at https://cef.tortoiseecofin.com .

Key Points: 
  • The top 10 holdings for TYG, NTG, TTP, NDP, TPZ and TEAF as of the most recent month-end can be found on each funds portfolio web page at https://cef.tortoiseecofin.com .
  • TortoiseEcofin focuses on essential assets those assets and services that are indispensable to the economy and society.
  • 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 TCA do not assume a duty to update this forward-looking statement.

Tortoise Power and Energy Infrastructure Fund, Inc. (TPZ) Declares Monthly Distribution and Ecofin Sustainable and Social Impact Term Fund (TEAF) Provides Update on Direct Investments and Portfolio Allocation

Retrieved on: 
Tuesday, October 12, 2021
Finance, Oil, Gas, Energy, Professional Services, Utilities, Calendar, Income, TEAF, TCA, Power, TPZ, Education, Investment, Securities Exchange Act of 1934, U.S. Securities and Exchange Commission, Update, Securities Act of 1933, Security (finance), Policy, NYSE, L.L.C, Ecology, Sale, Health insurance, Life insurance, Bank

Additionally, Ecofin Sustainable and Social Impact Term Fund (NYSE: TEAF) provides an update on the funds direct investments, portfolio asset allocation, structure types and impact statistics as of September 30, 2021, on the company website here .

Key Points: 
  • Additionally, Ecofin Sustainable and Social Impact Term Fund (NYSE: TEAF) provides an update on the funds direct investments, portfolio asset allocation, structure types and impact statistics as of September 30, 2021, on the company website here .
  • Updates will continue to be posted on a monthly basis until the fund reaches its target of 60% direct investments.
  • You should not draw any conclusions about TPZs investment performance from the amount of this distribution or from the terms of TPZs distribution policy.
  • (also dba TCA Advisors) (TCA) is the adviser to Tortoise Power and Energy Infrastructure Fund, Inc. and Ecofin Sustainable and Social Impact Term Fund.

TortoiseEcofin Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of September 30, 2021 for TYG, NTG, TTP, NDP, TPZ and TEAF

Retrieved on: 
Friday, October 1, 2021
Other Energy, Utilities, Oil, Gas, Environment, Finance, Alternative Energy, Energy, Professional Services, L.L.C, Ecology, Securities Act of 1933, NDP, NTG, TEAF, Security (finance), Sale, U.S. Securities and Exchange Commission, TPZ, Education, TYG, Securities Exchange Act of 1934, TTP, TCA, Adviser, Bank

The top 10 holdings for TYG, NTG, TTP, NDP, TPZ and TEAF as of the most recent month-end can be found on each funds portfolio web page at https://cef.tortoiseecofin.com .

Key Points: 
  • The top 10 holdings for TYG, NTG, TTP, NDP, TPZ and TEAF as of the most recent month-end can be found on each funds portfolio web page at https://cef.tortoiseecofin.com .
  • TortoiseEcofin focuses on essential assets those assets and services that are indispensable to the economy and society.
  • 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 TCA do not assume a duty to update this forward-looking statement.

Tortoise Power and Energy Infrastructure Fund, Inc. (TPZ) Declares Monthly Distribution and Ecofin Sustainable and Social Impact Term Fund (TEAF) Provides Update on Direct Investments and Portfolio Allocation

Retrieved on: 
Friday, September 10, 2021
Energy, Professional Services, Oil, Gas, Finance

Additionally, Ecofin Sustainable and Social Impact Term Fund (NYSE: TEAF) provides an update on the funds direct investments, portfolio asset allocation, structure types and impact statistics as of August 31, 2021, on the company website here .

Key Points: 
  • Additionally, Ecofin Sustainable and Social Impact Term Fund (NYSE: TEAF) provides an update on the funds direct investments, portfolio asset allocation, structure types and impact statistics as of August 31, 2021, on the company website here .
  • Updates will continue to be posted on a monthly basis until the fund reaches its target of 60% direct investments.
  • (also dba TCA Advisors) (TCA) is the adviser to Tortoise Power and Energy Infrastructure Fund, Inc. and Ecofin Sustainable and Social Impact Term Fund.
  • Ecofin Advisors Limited is a sub-adviser to Ecofin Sustainable and Social Impact Term Fund.