Ecofin Sustainable and Social Impact Term Fund Reports Strong Balance Sheet and Asset Coverage Ratio

Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) has released its preliminary unaudited balance sheet information and asset coverage ratio update, showcasing a robust financial position as of June 28, 2024. The company reported unaudited total assets of approximately $226.6 million, with a net asset value of $196.9 million, or $14.59 per share.

The asset coverage ratio, a key measure of the fund’s ability to cover its senior securities representing indebtedness under the 1940 Act, stood at an impressive 786% as of the same date. This signifies the fund’s strong financial position and its ability to meet its obligations.

The unaudited balance sheet at June 28, 2024, reveals investments totaling $224.5 million, cash and cash equivalents of $0.3 million, and other assets amounting to $1.8 million. The fund’s credit facility borrowings stood at $28.7 million, with other liabilities at $1.0 million.

TEAF, with 13.49 million common shares outstanding, continues to maintain a diversified portfolio. The top 10 holdings for the fund can be found on its portfolio web page at cef.ecofininvest.com/funds/teaf. Additionally, TEAF provides regular updates on its direct investments via its website at cef.ecofininvest.com/funds/teaf/#portfolio. These updates include details on each private deal completed over the prior month, with a commitment to monthly postings until the fund reaches its target of 60% direct investments.

Ecofin Sustainable and Social Impact Term Fund is advised by TCA Advisors, with Ecofin Advisors Limited serving as the fund’s sub-adviser. Both companies are dedicated to sustainable and socially responsible investing, aligning with TEAF’s mission.

Investors should note that this press release does not constitute an offer to sell or a solicitation to buy securities. The fund and TCA Advisors emphasize compliance with registration and qualification requirements under applicable laws.

Forward-looking statements contained in this press release should be approached with caution, as they involve assumptions, risks, and uncertainties. While the fund and TCA believe the expectations reflected in these statements are reasonable, actual results may differ materially due to various factors. The fund’s reports filed with the Securities and Exchange Commission provide further information on these factors.

For more information on Ecofin Sustainable and Social Impact Term Fund, please visit cef.ecofininvest.com or contact Eva Lipner at (913) 981-1020 or info@ecofininvest.com.

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