Tortoise Energy Infrastructure Corp. (TYG), a closed-end fund managed by Tortoise Capital, reported approximately $1 billion in total unaudited assets and a net asset value of $788.7 million as of August 29, 2025. This translates to $45.76 per share. The company also announced strong asset coverage ratios exceeding expectations.
The fund’s asset coverage ratio for senior securities was 685%, while the coverage ratio for preferred shares was 464%. These figures are based on the 1940 Act. More detailed information on these ratios can be found on the company’s investor relations website.
A summary of TYG‘s unaudited balance sheet, including details on investments, cash and cash equivalents, and liabilities, was also released. The company reported approximately 17.24 million common shares outstanding.
Separately, Tortoise Sustainable and Social Impact Term Fund (TEAF), another Tortoise Capital fund, reported approximately $213.9 million in total unaudited assets and a net asset value of $178 million, or $13.20 per share, as of August 29, 2025.
TEAF‘s asset coverage ratio for senior securities, under the 1940 Act, was 609%. Similar to TYG, a detailed unaudited balance sheet was provided, outlining investments, cash and other assets, and liabilities. The company stated there were approximately 13.49 million common shares outstanding.
The top ten holdings for both TYG and TEAF are available on their respective portfolio web pages. TEAF also published an update on its direct investments, including details of all completed transactions since the fund’s inception. This information is accessible on the Tortoise Capital website.
Tortoise Capital, based in Overland Park, Kansas, manages approximately $9.1 billion in assets under management as of July 31, 2025. The firm has over two decades of experience investing primarily in publicly traded energy and power infrastructure companies. They act as the advisor for both TYG and TEAF. Additional information on these funds is available on the Tortoise Capital website.
The press release included standard cautionary statements regarding forward-looking information and a safe harbor statement concerning the sale of securities. The company emphasized that actual results might differ materially from those anticipated in any forward-looking statements.
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