TEAF Announces 2021 Fund Tax Characterization of Distributions, Release of Annual Report and Upcoming Webinar
January 29 2022 - 3:33PM
Business Wire
Today Ecofin Sustainable and Social Impact Term Fund (TEAF)
announced the tax characterization of 2021 distributions paid to
its common stockholders.
2021 Tax Characterization of Distributions
For tax purposes, TEAF's 2021 distributions were characterized
as 32% as ordinary income, 39% qualified dividend income and 29%
return of capital.
Additional information regarding the tax characterization of the
2021 distributions is available at www.TortoiseEcofin.com.
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 Report
The adviser also announced today the release of the 2021 annual
stockholders' report. The annual report is available online at
https://cef.ecofininvest.com/funds/teaf/. Please call (866)
362-9331 or email info@tortoiseecofin.com to request a hard copy of
this report free of charge.
Upcoming Webinar
Please see a link to register for an upcoming webinar that will
provide an update on the fund as well as an outlook on the sectors
and direct investments in the fund. Wednesday, February 16, 2022,
11:00am ET/10:00am CT Register here.
Quarterly Commentary
TEAF commentary has been published for the fourth calendar
quarter of 2021. The commentary piece highlights fund performance
of the public and direct investments in the essential asset sectors
in which the fund invests. A copy of the commentary piece is
available here on the company website.
For additional information on this fund, please visit
https://cef.ecofininvest.com/funds/teaf/.
TCA Advisors is the adviser to Ecofin Sustainable and Social
Impact Term Fund and Ecofin Advisors Limited is the fund’s
sub-adviser.
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.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20220129005021/en/
Jen Ashlock (913) 981-1020 info@tortoiseecofin.com
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