TEAF Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of July 29, 2022

OVERLAND PARK, KS / ACCESSWIRE / August 1, 2022 / 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 29, 2022, the company's unaudited total assets were approximately $261.6 million and its unaudited net asset value was $228.4 million, or $16.93 per share.

As of July 29, 2022, the company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 921%. For more information on the company's coverage ratios, please refer to the leverage summary web page at https://cef.tortoiseecofin.com.

Set forth below is a summary of the company's unaudited balance sheet at July 29, 2022.

Unaudited balance sheet

		(in Millions)				Per Share
Investments		$	254.7			$	18.87
Cash and Cash Equivalents			0.5				0.04
Receivable for Investments Sold			2.0				0.15
Other Assets			4.4				0.33
Total Assets			261.6				19.39
Credit Facility Borrowings			27.8				2.06
Payable for Investments Purchased			2.6				0.19
Other Liabilities			2.8				0.21
Net Assets		$	228.4			$	16.93

13.49 million common shares outstanding.