Reported Late Monday, TEAF Provides Unaudited Balance Sheet Information And Asset Coverage Ratio Updates As Of September 29, 2023; Unaudited Net Asset Value Was $199.9M, Or $14.82/Share
Portfolio Pulse from Benzinga Newsdesk
TEAF has provided an unaudited balance sheet and asset coverage ratio updates as of September 29, 2023. The company's total assets were approximately $233.2 million and its net asset value was $199.9 million, or $14.82 per share. The asset coverage ratio under the 1940 Act was 725%.
October 03, 2023 | 6:04 am
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POSITIVE IMPACT
TEAF's unaudited balance sheet shows strong asset coverage ratio and net asset value, which could be seen as a positive sign by investors.
The company's high asset coverage ratio indicates its ability to cover its debt obligations, which is a positive sign for investors. Additionally, the net asset value per share gives an indication of the intrinsic value of the company, which could also be seen as a positive sign by investors.
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