Ecofin Sustainable and Social Impact Term Fund
TEAF
New York Stock Exchange- -
USD
- -
- -
- -
- -
(- -)
Recent
price
- -
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Ecofin Sustainable and Social Impact Term Fund (NYSE: TEAF) is a closed-end management investment company that provides investors with a high level of total return, emphasizing current distributions through investments in essential assets and sustainable infrastructure. The fund invests primarily in equity and equity-related securities of companies deriving significant revenues from environmental sustainability, social inclusion, or community development activities; these include renewable energy, energy efficiency, water infrastructure, waste management, sustainable agriculture, education, housing, healthcare, social and human services, power, basic materials, industrial, transportation, and telecommunications sectors. It employs a diversified portfolio approach across public and private markets in North America, Europe, and select emerging markets, incorporating preferred stock, convertible securities, debt instruments, and private equity; investments span all levels of issuers' capital structures with a focus on income-generating opportunities in social and sustainable infrastructure. Managed by Tortoise Capital Advisors, L.L.C. (formerly associated with Ecofin Advisors, LLC), the fund was launched in 2021 and headquartered in Leawood, Kansas; it features a defined lifespan with a managed distribution policy targeting 6% to 8% of average NAV annually, paid monthly. In recent strategic developments, the fund renamed from Tortoise Essential Assets Income Term Fund to its current title in September 2024 following Tortoise Capital's sale of its Ecofin Advisors Limited business to Redwheel; it divested private credit and social infrastructure assets in March 2025 for $55.9 million and entered an exclusivity agreement for selling a significant portion of its private renewables portfolio, with proceeds reinvested into public energy infrastructure holdings. On November 7, 2025, TEAF merged into Tortoise Energy Infrastructure Corp. (NYSE: TYG), with TEAF shares converted into TYG shares at an exchange ratio of 0.2882637 based on net asset values, creating a larger platform focused on energy infrastructure.