Reported Late Thursday, TEAF Provides Unaudited Balance Sheet Information And Asset Coverage Ratio Updates As Of January 31, 2024; Unaudited Net Asset Value Was $199.7M, Or $14.66/Share
Portfolio Pulse from Benzinga Newsdesk
Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) reported its unaudited balance sheet information and asset coverage ratio as of January 31, 2024. The total assets were approximately $227.6 million, with a net asset value of $197.7 million, or $14.66 per share. The asset coverage ratio under the 1940 Act was 775%.
February 02, 2024 | 6:24 am
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Ecofin Sustainable and Social Impact Term Fund (TEAF) reported unaudited total assets of $227.6 million, net asset value of $197.7 million, or $14.66 per share, and an asset coverage ratio of 775% as of January 31, 2024.
The reported unaudited financials of TEAF, including a high asset coverage ratio, indicate a strong financial position as of January 31, 2024. This could lead to positive investor sentiment and potentially increase the stock price in the short term. The high asset coverage ratio is particularly indicative of financial health and stability, which is crucial for investors.
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