The Tortoise Essential Assets Income Term Fund (TEAF) seeks to provide a high level of total return with an emphasis on current distributions.
TEAF is designed to provide attractive total return potential with emphasis on current income and uncorrelated assets, access to differentiated direct investments in essential assets and investments in tangible, long-lived assets and services.
Company profile
Ticker
TEAF
Exchange
CEO
P. Bradley Adams
Employees
Incorporated
Location
Fiscal year end
Former names
TORTOISE ESSENTIAL ASSETS INCOME 2024 TERM FUND, INC., TORTOISE ESSENTIAL ASSETS INCOME TERM FUND
SEC CIK
Corporate docs
TEAF stock data
Latest filings (excl ownership)
N-CSR
Certified annual shareholder report (management investment company)
7 Feb 23
N-PX
Annual report of proxy voting record
29 Aug 22
DEFA14A
Additional proxy soliciting materials
5 Aug 22
N-CSRS
Certified semi-annual shareholder report (management investment company)
5 Aug 22
DEF 14A
Definitive proxy
24 Jun 22
N-CEN
Annual report (registered investment company)
14 Feb 22
N-CSR
Certified annual shareholder report (management investment company)
8 Feb 22
N-PX
Annual report of proxy voting record
31 Aug 21
N-CSRS
Certified semi-annual shareholder report (management investment company)
6 Aug 21
DEF 14A
Definitive proxy
25 May 21
Latest ownership filings
NPORT-P
Ecofin Sustainable & Social Impact Term Fund (Nov 2022 report)
24 Jan 23
NPORT-P
Ecofin Sustainable & Social Impact Term Fund (Aug 2022 report)
28 Oct 22
SC 13G
Saba Capital Management, L.P.
14 Oct 22
4
CONRAD S CICCOTELLO
27 Sep 22
3
Katherine Moore
15 Aug 22
NPORT-P
Ecofin Sustainable & Social Impact Term Fund (May 2022 report)
25 Jul 22
4
Jennifer Paquette
17 Jun 22
NPORT-P
Ecofin Sustainable & Social Impact Term Fund (Feb 2022 report)
28 Apr 22
4
Jennifer Paquette
21 Mar 22
4
H KEVIN BIRZER
2 Feb 22
Funds
| Series | Ticker | %Monthly Return ? | $Assets | #Holdings | As of | ||
|---|---|---|---|---|---|---|---|
| Ecofin Sustainable & Social Impact Term Fund | – | -12.98 | -3.47 | 0.95 | 252.03 mm | 67 | Nov 2022 |
Institutional ownership, Q3 2022
21.4% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 36 |
| Opened positions | 5 |
| Closed positions | 9 |
| Increased positions | 11 |
| Reduced positions | 11 |
| 13F shares | Current |
|---|---|
| Total value | 36.75 mm |
| Total shares | 2.88 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Punch & Associates Investment Management | 606.47 k | $7.73 mm |
| MS Morgan Stanley | 513.41 k | $6.54 mm |
| Eagle Bluffs Wealth Management | 203.49 k | $2.59 mm |
| BAC Bank Of America | 198.06 k | $2.52 mm |
| Janney Montgomery Scott | 191.86 k | $2.44 mm |
| Raymond James & Associates | 189.69 k | $2.42 mm |
| Advisors Asset Management | 114.69 k | $1.46 mm |
| Abundance Wealth Counselors | 96.40 k | $1.23 mm |
| Cambridge Investment Research Advisors | 95.70 k | $1.22 mm |
| WFC Wells Fargo & Co. | 87.19 k | $1.11 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 26 Sep 22 | Ciccotello Conrad S | Common Shares | Buy | Acquire P | No | No | 13.18 | 600 | 7.91 k | 1,437.47 |
| 17 Jun 22 | Jennifer Paquette | Common Shares | Buy | Acquire P | No | No | 13.92 | 25 | 348.00 | 280 |
| 21 Mar 22 | Jennifer Paquette | Common Shares | Buy | Acquire P | No | No | 14.58 | 25 | 364.50 | 255 |
| 2 Feb 22 | Birzer H Kevin | Common Shares | Buy | Acquire P | No | No | 15.18 | 100 | 1.52 k | 7,403 |
News
Reported Late Wednesday, TEAF Provides Unaudited Balance Sheet Information And Asset Coverage Ratio Updates As Of January 31, 2023; Unaudited Net Asset Value Was $219.9M, Or $16.30/Share
2 Feb 23
Reported Late Thursday, TEAF Provides Unaudited Balance Sheet Information And Asset Coverage Ratio Updates As Of November 30, 2022; Unaudited Total Assets Were ~$251.8M And Its Unaudited Net Asset Value Was $221.5M, Or $16.42/Share
2 Dec 22
Press releases
Ecofin Sustainable and Social Impact Term Fund (TEAF) Publishes Quarterly Commentary
3 Feb 23
TEAF Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of January 31, 2023
1 Feb 23
Tortoise Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of January 31, 2023, for TYG, NTG, TTP, NDP and TPZ
1 Feb 23
Tortoise Power and Energy Infrastructure Fund, Inc. Provides Section 19(a) Notice
31 Jan 23
TortoiseEcofin Announces Constituent Changes Due to Corporate Action
30 Jan 23