Executive leadership at TORTOISE SUSTAINABLE & SOCIAL IMPACT TERM FUND.
Board of directors at TORTOISE SUSTAINABLE & SOCIAL IMPACT TERM FUND.
Research analysts covering TORTOISE SUSTAINABLE & SOCIAL IMPACT TERM FUND.
Recent press releases and 8-K filings for TEAF.
Tortoise Capital Completes Merger of TEAF and TYG
TEAF
M&A
- Tortoise Capital completed the merger of Tortoise Sustainable and Social Impact Term Fund (TEAF) and Tortoise Energy Infrastructure Corp. (TYG) on November 7, 2025.
- TYG emerged as the continuing fund, maintaining its original investment strategy focused on a high level of total return with an emphasis on current distributions from energy infrastructure.
- As of November 7, 2025, the combined total assets under management (AUM) for TYG were $1.3 billion.
- Shares of TEAF were converted into newly issued TYG shares at an exchange ratio of 0.2882637, based on their respective net asset values as of November 7, 2025.
Nov 10, 2025, 1:00 PM
Tortoise Capital Announces Shareholder Approval of Fund Merger
TEAF
M&A
Proxy Vote Outcomes
Dividends
- Shareholders of Tortoise Sustainable and Social Impact Term Fund (TEAF) and Tortoise Energy Infrastructure Corp. (TYG) have approved the merger of TEAF into TYG, with TYG as the remaining company.
- The merger is expected to become effective before the market opens on November 10, 2025.
- Upon completion of the merger, TYG's distributions will increase by 30%.
- As of September 30, 2025, the combined total assets under management of TYG and TEAF are approximately $1.269 billion.
Oct 16, 2025, 8:05 PM
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