Latest news with #TYG
Yahoo
03-06-2025
- Business
- Yahoo
Tortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of May 30, 2025, for TYG and TEAF
OVERLAND PARK, KS / / June 2, 2025 / Tortoise Capital today announced the following unaudited balance sheet information and asset coverage ratio updates for closed-end funds TYG and TEAF. Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of May 30, 2025, the company's unaudited total assets were approximately $969.2 million and its unaudited net asset value was $772.2 million, or $44.80 per share. As of May 30, 2025, the company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 679%, and its coverage ratio for preferred shares was 515%. For more information on the company's coverage ratios, please refer to the leverage summary web page at Set forth below is a summary of the company's preliminary unaudited balance sheet at May 30, 2025. Preliminary Unaudited balance sheet (in Millions) Per Share Investments $ 964.9 $ 55.98 Cash and Cash Equivalents 0.1 0.00 Current Tax Assets 0.4 0.03 Other Assets 3.8 0.22 Total Assets 969.2 56.23 Short-Term Borrowings 43.0 2.49 Senior Notes 98.1 5.69 Preferred Stock 44.9 2.61 Total Leverage 186.0 10.79 Other Liabilities 5.4 0.32 Deferred Tax Liability 5.6 0.32 Net Assets $ 772.2 $ 44.80 17.24 million common shares currently outstanding. Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) today announced that as of May 30, 2025 the company's unaudited total assets were approximately $209.2 million and its unaudited net asset value was $177.0 million, or $13.12 per share. As of May 30, 2025, the company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 664%. For more information on the company's coverage ratios, please refer to the leverage summary web page at Set forth below is a summary of the company's preliminary unaudited balance sheet at May 30, 2025. Preliminary Unaudited balance sheet (in Millions) Per Share Investments $ 207.6 $ 15.38 Cash and Cash Equivalents 0.6 0.05 Other Assets 1.0 0.08 Total Assets 209.2 15.51 Credit Facility Borrowings 31.4 2.33 Other Liabilities 0.8 0.06 Net Assets $ 177.0 $ 13.12 13.49 million common shares outstanding. The top 10 holdings for TYG and TEAF as of the most recent month-end can be found on each fund's portfolio web page at TEAF also provides update on direct investments. TEAF provides an update on the fund's direct investments on the company website at Details on each private deal that has taken place over the prior month will be published on the website at The list includes all deals completed since the fund's inception. About Tortoise Capital With approximately $8.8 billion in assets under management as of Apr. 30, 2025, Tortoise Capital's record of investment experience and research dates back more than 20 years. As an early investor in midstream energy, Tortoise Capital believes it is well- positioned to be at the forefront of the global energy evolution that is under way. Based in Overland Park, Kansas, Tortoise Capital Advisors, L.L.C. is an SEC-registered fund manager that invests primarily in publicly traded companies in the energy and power infrastructure sectors-from production to transportation to distribution. For more information about Tortoise Capital, visit Tortoise Capital Advisors, L.L.C. is the adviser to Tortoise Energy Infrastructure Corp. and Tortoise Sustainable and Social Impact Term Fund. For additional information on these funds, please visit Cautionary Statement Regarding Forward-Looking Statements This press release contains certain statements that may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although the funds and Tortoise Capital Advisors believe that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the fund's reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, the funds and Tortoise Capital Advisors do not assume a duty to update this forward-looking statement. Safe harbor statement This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction. Media ContactsCraft & CapitalChris Sullivan chris@ Jesselson rob@ SOURCE: Tortoise Capital View the original press release on ACCESS Newswire
Yahoo
03-06-2025
- Business
- Yahoo
Tortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of May 30, 2025, for TYG and TEAF
OVERLAND PARK, KS / / June 2, 2025 / Tortoise Capital today announced the following unaudited balance sheet information and asset coverage ratio updates for closed-end funds TYG and TEAF. Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of May 30, 2025, the company's unaudited total assets were approximately $969.2 million and its unaudited net asset value was $772.2 million, or $44.80 per share. As of May 30, 2025, the company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 679%, and its coverage ratio for preferred shares was 515%. For more information on the company's coverage ratios, please refer to the leverage summary web page at Set forth below is a summary of the company's preliminary unaudited balance sheet at May 30, 2025. Preliminary Unaudited balance sheet (in Millions) Per Share Investments $ 964.9 $ 55.98 Cash and Cash Equivalents 0.1 0.00 Current Tax Assets 0.4 0.03 Other Assets 3.8 0.22 Total Assets 969.2 56.23 Short-Term Borrowings 43.0 2.49 Senior Notes 98.1 5.69 Preferred Stock 44.9 2.61 Total Leverage 186.0 10.79 Other Liabilities 5.4 0.32 Deferred Tax Liability 5.6 0.32 Net Assets $ 772.2 $ 44.80 17.24 million common shares currently outstanding. Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) today announced that as of May 30, 2025 the company's unaudited total assets were approximately $209.2 million and its unaudited net asset value was $177.0 million, or $13.12 per share. As of May 30, 2025, the company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 664%. For more information on the company's coverage ratios, please refer to the leverage summary web page at Set forth below is a summary of the company's preliminary unaudited balance sheet at May 30, 2025. Preliminary Unaudited balance sheet (in Millions) Per Share Investments $ 207.6 $ 15.38 Cash and Cash Equivalents 0.6 0.05 Other Assets 1.0 0.08 Total Assets 209.2 15.51 Credit Facility Borrowings 31.4 2.33 Other Liabilities 0.8 0.06 Net Assets $ 177.0 $ 13.12 13.49 million common shares outstanding. The top 10 holdings for TYG and TEAF as of the most recent month-end can be found on each fund's portfolio web page at TEAF also provides update on direct investments. TEAF provides an update on the fund's direct investments on the company website at Details on each private deal that has taken place over the prior month will be published on the website at The list includes all deals completed since the fund's inception. About Tortoise Capital With approximately $8.8 billion in assets under management as of Apr. 30, 2025, Tortoise Capital's record of investment experience and research dates back more than 20 years. As an early investor in midstream energy, Tortoise Capital believes it is well- positioned to be at the forefront of the global energy evolution that is under way. Based in Overland Park, Kansas, Tortoise Capital Advisors, L.L.C. is an SEC-registered fund manager that invests primarily in publicly traded companies in the energy and power infrastructure sectors-from production to transportation to distribution. For more information about Tortoise Capital, visit Tortoise Capital Advisors, L.L.C. is the adviser to Tortoise Energy Infrastructure Corp. and Tortoise Sustainable and Social Impact Term Fund. For additional information on these funds, please visit Cautionary Statement Regarding Forward-Looking Statements This press release contains certain statements that may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although the funds and Tortoise Capital Advisors believe that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the fund's reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, the funds and Tortoise Capital Advisors do not assume a duty to update this forward-looking statement. Safe harbor statement This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction. Media ContactsCraft & CapitalChris Sullivan chris@ Jesselson rob@ SOURCE: Tortoise Capital View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-04-2025
- Business
- Yahoo
Tortoise Capital Provides Unaudited Balance Sheet Information and Asset Coverage Ratio Updates as of March 31, 2025, for TYG and TEAF
OVERLAND PARK, KS / / April 1, 2025 / Tortoise Capital today announced the following unaudited balance sheet information and asset coverage ratio updates for closed-end funds TYG and TEAF. Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of Mar. 31, 2025, the company's unaudited total assets were approximately $1.0 billion and its unaudited net asset value was $822.4 million, or $47.72 per share. As of Mar. 31, 2025, the company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 612%, and its coverage ratio for preferred shares was 484%. For more information on the company's coverage ratios, please refer to the leverage summary web page at Set forth below is a summary of the company's unaudited balance sheet at Mar. 31, 2025. Unaudited balance sheet (in Millions) Per Share Investments $ 1,044.1 $ 60.58 Cash and Cash Equivalents 0.9 0.05 Current Tax Assets 0.4 0.03 Other Assets 3.0 0.17 Total Assets 1,048.4 60.83 Short-Term Borrowings 71.3 4.14 Senior Notes 98.1 5.69 Preferred Stock 44.9 2.61 Total Leverage 214.3 12.44 Payable for Investments Purchased 1.6 0.09 Other Liabilities 4.5 0.26 Deferred Tax Liability 5.6 0.32 Net Assets $ 822.4 $ 47.72 17.24 million common shares currently outstanding. Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) today announced that as of Mar. 31, 2025 the company's unaudited total assets were approximately $214.2 million and its unaudited net asset value was $179.8 million, or $13.33 per share. As of Mar. 31, 2025, the company's asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 638%. For more information on the company's coverage ratios, please refer to the leverage summary web page at Set forth below is a summary of the company's unaudited balance sheet at Mar. 31, 2025. Unaudited balance sheet (in Millions) Per Share Investments $ 211.5 $ 15.68 Cash and Cash Equivalents 2.1 0.16 Other Assets 0.6 0.04 Total Assets 214.2 15.88 Credit Facility Borrowings 33.4 2.48 Other Liabilities 1.0 0.07 Net Assets $ 179.8 $ 13.33 13.49 million common shares outstanding. The top 10 holdings for TYG and TEAF as of the most recent month-end can be found on each fund's portfolio web page at TEAF also provides update on direct investments. TEAF provides an update on the fund's direct investments on the company website at Details on each private deal that has taken place over the prior month will be published on the website at The list includes all deals completed since the fund's inception. About Tortoise Capital With approximately $9.6 billion in assets under management as of Feb. 28, 2025, Tortoise Capital's record of investment experience and research dates back more than 20 years. As an early investor in midstream energy, Tortoise Capital believes it is well- positioned to be at the forefront of the global energy evolution that is under way. Based in Overland Park, Kansas, Tortoise Capital Advisors, L.L.C. is an SEC-registered fund manager that invests primarily in publicly traded companies in the energy and power infrastructure sectors-from production to transportation to distribution. For more information about Tortoise Capital, visit Tortoise Capital Advisors, L.L.C. is the adviser to Tortoise Energy Infrastructure Corp. and Tortoise Sustainable and Social Impact Term Fund. For additional information on these funds, please visit Cautionary Statement Regarding Forward-Looking Statements This press release contains certain statements that may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although the funds and Tortoise Capital Advisors believe that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the fund's reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, the funds and Tortoise Capital Advisors do not assume a duty to update this forward-looking statement. Safe harbor statement This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction. Contact informationFor more information contact Eva Lipner at (913) 890-2165 or info@ SOURCE: Tortoise Capital View the original press release on ACCESS Newswire Sign in to access your portfolio
Yahoo
22-02-2025
- Entertainment
- Yahoo
Listen to Spiritbox's Courtney LaPlante guest on re-recording of Pvris' My House
When you buy through links on our articles, Future and its syndication partners may earn a commission. Spiritbox vocalist Courtney LaPlante has guested on a new song by pop-rockers Pvris. LaPlante appears on a newly released re-recording of the American outfit's 2014 track My House, taken from the band's debut album White Noise. It precedes a White Noise 10th-anniversary tour of North America and Europe that starts in March. Pvris singer Lyndsey Gunnulfsen comments: 'It was such an honour to have Courtney featured on this re-release. I didn't know until meeting her that White Noise was one of the inspirations to Spiritbox. After learning that and seeing the incredible world she's created from that inspiration, it feels full circle now, and it was only right to have her be a part of this re-release. 'The album first came out at a time when women were still extremely commoditised in the rock/alternative space, and the fight to be embraced and taken seriously, simply as artists, was even more prevalent than it still is today. 10 years later, there's been a lot of progress, but there's still much work to be done. It feels really healing and powerful to get to share this song with someone who I know has had much of that same experience and has been fighting that same battle just as long, if not longer. 'Not only is she an incredible person and performer, she has such a distinct and dialled vision with Spiritbox. The high standard of precision, artistic integrity, and vision, both sonically and visually, that she's brought into the rock/alternative scene with Spiritbox, I feel has set the bar so high, and to have done that as a woman in a scene still so heavily occupied by men, it feels like the most badass power move. Take notes everyone!' The collaboration is far from the first pop team-up LaPlante has done. Spiritbox guested on an official rock remix of Megan Thee Stallion's Cobra in 2023. The band and the rapper then made an original song together, TYG, last year. LaPlante has also championed other women in rock and metal, performing onstage with Jinjer's Tatiana Shmayluk, Poppy and Chelsea Wolfe, among others. In a recent interview at the Grammy Awards where LaPlante was confused for fellow Best Metal Performance nominee Poppy, she expressed her hopes for a woman to win the prize for the first time this year. Though neither Spiritbox nor Poppy won a Grammy, her dream came true when opera singer Marina Viotti took it home, having been nominated with Gojira for the rendition of Ah! Ça Ira they performed at the 2024 Olympic Games opening ceremony. Spiritbox will release their long-awaited second album Tsunami Sea next month. The band are also the cover stars on the new issue of Metal Hammer, where they talk all about the new album, their star collaborations and their journey so far. Order your copy now and get it delivered directly to your door.
Yahoo
30-01-2025
- Business
- Yahoo
Tortoise Capital Announces 2024 Closed-End Fund Tax Characterization of Distributions and Release of Combined Annual Report
Tortoise Energy Infrastructure Corp. (NYSE:TYG) Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) Tortoise Energy Independence Fund, Inc. (NYSE:NDP) Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) Tortoise Sustainable and Social Impact Term Fund (NYSE:TEAF) OVERLAND PARK, KS / / January 30, 2025 / Tortoise Capital today announced the tax characterization of 2024 distributions paid to common stockholders of each of the funds listed below: 2024 Tax Characterization of Distributions TYG NTG TTP NDP TPZ TEAF Qualified Dividend Income 20 % 12 % 13 % 15 % 17 % 10 % Ordinary Dividend Income 4 % 0 % 0 % 0 % 5 % 60 % Return of Capital 76 % 88 % 87 % 85 % 78 % 30 % Long-Term Capital Gain 0 % 0 % 0 % 0 % 0 % 0 % Additional information regarding the tax characterization of the 2024 distributions is available at A copy of the information is also available upon request by calling (866) 362-9331. Nothing contained herein or therein should be construed as tax advice. Consult your tax advisor for more information. Furthermore, you may not rely upon any information herein or therein for the purpose of avoiding any penalties that may be imposed under the Internal Revenue Code. Annual ReportThe adviser also announced today the release of the combined 2024 annual stockholders' report including all of these funds. The annual report is available online at Please call (866) 362-9331 or email info@ to request a hard copy of this report free of charge. About Tortoise CapitalWith approximately $9.2 billion in assets under management as of Dec. 31, 2024, Tortoise Capital's record of investment experience and research dates back more than 20 years. As an early investor in midstream energy, Tortoise Capital believes it is well- positioned to be at the forefront of the global energy evolution that is under way. Based in Overland Park, Kansas, Tortoise Capital Advisors, L.L.C. is an SEC-registered fund manager that invests primarily in publicly traded companies in the energy and power infrastructure sectors-from production to transportation to distribution. For more information about Tortoise Capital, visit Tortoise Capital Advisors, L.L.C. is the adviser to Tortoise Energy Infrastructure Corp. and Tortoise Sustainable and Social Impact Term Fund and, prior to their respective mergers, was the adviser to Tortoise Midstream Energy Fund, Inc., Tortoise Pipeline & Energy Fund, Inc., Tortoise Energy Independence Fund, Inc., and Tortoise Power and Energy Infrastructure Fund, Inc. Safe harbor statementThis press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction. Cautionary Statement Regarding Forward-Looking StatementsThis press release contains certain statements that may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although the funds and Tortoise Capital Advisors believe that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the fund's reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, the funds and Tortoise Capital Advisors do not assume a duty to update this forward-looking statement. Contact informationFor more information contact Eva Lipner at (913) 890-2165 or info@ SOURCE: Tortoise Capital View the original press release on ACCESS Newswire Sign in to access your portfolio
