TEAF Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of May 31, 2024

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.

As of May 31, 2024, the company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 1,058%. For more information on the company's coverage ratios, please refer to the leverage summary web page at https://cef.ecofininvest.com.

Set forth below is a summary of the company's preliminary unaudited balance sheet at May 31, 2024.

Preliminary Unaudited balance sheet

		(in Millions)				Per Share
Investments		$	219.4			$	16.26
Cash and Cash Equivalents			0.5				0.04
Other Assets			1.9				0.14
Total Assets			221.8				16.44
Credit Facility Borrowings			20.9				1.55
Other Liabilities			0.7				0.05
Net Assets		$	200.2			$	14.84

13.49 million common shares outstanding.