Day: February 1, 2024

OVERLAND PARK, KS / ACCESSWIRE / February 1, 2024 / Tortoise today announced the following balance sheet information and asset coverage ratio updates for TYG, NTG, TTP, NDP and TPZ.

Tortoise Energy Infrastructure Corp. (NYSE:TYG) today announced that as of January 31, 2024, the company’s unaudited total assets were approximately $487.3 million and its unaudited net asset value was $374.1 million, or $34.76 per share.

As of January 31, 2024, the company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 652%, and its coverage ratio for preferred shares was 440%. For more information on the company’s coverage ratios, please refer to the leverage summary web page at https://cef.tortoiseadvisors.com.

Set forth below is a summary of the company’s unaudited balance sheet at January 31, 2024.

Unaudited balance sheet

	(in Millions)	Per Share
Investments	$ 484.2	$ 44.98
Cash and Cash Equivalents	0.3	0.03
Other Assets	2.8	0.26
Total Assets	487.3	45.27
Short-Term Borrowings	23.9	2.22
Senior Notes	50.3	4.68
Preferred Stock	35.7	3.31
Total Leverage	109.9	10.21
Other Liabilities	1.2	0.10
Current Tax Liability	2.1	0.20
Net Assets	$ 374.1	$ 34.76

10.76 million common shares currently outstanding.

Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) today announced that as of January 31, 2024, the company’s unaudited total assets were approximately $270.9 million and its unaudited net asset value was $214.1 million, or $42.04 per share.

As of January 31, 2024, the company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 653%, and its coverage ratio for preferred shares was 490%. For more information on the company’s coverage ratios, please refer to the leverage summary web page at https://cef.tortoiseadvisors.com.

Set forth below is a summary of the company’s unaudited balance sheet at January 31, 2024.

Unaudited balance sheet

	(in Millions)	Per Share
Investments	$268.2	$ 52.66
Cash and Cash Equivalents	0.4	0.08
Other Assets	2.3	0.44
Total Assets	270.9	53.18
Short-Term Borrowings	12.0	2.36
Senior Notes	29.2	5.73
Preferred Stock	13.7	2.70
Total Leverage	54.9	10.79
Other Liability	0.6	0.11
Current Tax Liability	1.3	0.24
Net Assets	$ 214.1	$ 42.04

5.09 million common shares currently outstanding.

Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) today announced that as of January 31, 2024, the company’s unaudited total assets were approximately $85.8 million and its unaudited net asset value was $69.6 million, or $34.64 per share.

As of January 31, 2024, the company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 870%, and its coverage ratio for preferred shares was 537%. For more information on the company’s coverage ratios, please refer to the leverage summary web page at https://cef.tortoiseadvisors.com.

Set forth below is a summary of the company’s unaudited balance sheet at January 31, 2024.

Unaudited balance sheet

	(in Millions)	Per Share
Investments	$ 84.8	$ 42.15
Cash and Cash Equivalents	0.2	0.10
Other Assets	0.8	0.43
Total Assets	85.8	42.68
Short-Term Borrowings	5.9	2.93
Senior Notes	3.9	1.96
Preferred Stock	6.1	3.03
Total Leverage	15.9	7.92
Other Liabilities	0.3	0.12
Net Assets	$ 69.6	$ 34.64

2.01 million common shares currently outstanding.

Tortoise Energy Independence Fund, Inc. (NYSE:NDP) today announced that as of January 31, 2024, the company’s unaudited total assets were approximately $66.2 million and its unaudited net asset value was $57.2 million, or $34.33 per share.

As of January 31, 2024, the company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 750%. For more information on the company’s coverage ratios, please refer to the leverage summary web page at https://cef.tortoiseadvisors.com.

Set forth below is a summary of the company’s unaudited balance sheet at January 31, 2024.

Unaudited balance sheet

	(in Millions)	Per Share
Investments	$ 65.7	$ 39.42
Cash and Cash Equivalents	0.3	0.16
Other Assets	0.2	0.14
Total Assets	66.2	39.72
Credit Facility Borrowings	8.8	5.28
Other Liabilities	0.2	0.11
Net Assets	$ 57.2	$ 34.33

1.67 million common shares currently outstanding.

Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) today announced that as of January 31, 2024, the company’s unaudited total assets were approximately $122.2 million and its unaudited net asset value was $96.9 million, or $16.45 per share.

As of January 31, 2024, the company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 487%. For more information on the company’s coverage ratios, please refer to the leverage summary web page at https://cef.tortoiseadvisors.com.

Set forth below is a summary of the company’s unaudited balance sheet at January 31, 2024.

Unaudited balance sheet

	(in Millions)	Per Share
Investments	$ 120.7	$ 20.50
Cash and Cash Equivalents	0.4	0.06
Other Assets	1.1	0.19
Total Assets	122.2	20.75
Credit Facility Borrowings	25.0	4.24
Other Liabilities	0.3	0.06
Net Assets	$ 96.9	$ 16.45

5.89 million common shares currently outstanding.

The top 10 holdings for TYG, NTG, TTP, NDP and TPZ as of the most recent month-end can be found on each fund’s portfolio web page at https://cef.tortoiseadvisors.com.

About Tortoise

Tortoise focuses on energy & power infrastructure and the transition to cleaner energy. Tortoise’s solid track record of energy value chain investment experience and research dates back more than 20 years. As an early investor in midstream energy, Tortoise believes it is well-positioned to be at the forefront of the global energy evolution that is underway. With a steady wins approach and a long-term perspective, Tortoise strives to make a positive impact on clients and communities. To learn more, please visit www.TortoiseAdvisors.com.

Tortoise Capital Advisors, L.L.C. is the adviser to Tortoise Energy Infrastructure Corp., Tortoise Midstream Energy Fund, Inc., Tortoise Pipeline & Energy Fund, Inc., Tortoise Energy Independence Fund, Inc. and Tortoise Power and Energy Infrastructure Fund, Inc.

For additional information on these funds, please visit cef.tortoiseadvisors.com.

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.

Contact information
For more information contact Eva Lipner at (913) 981-1020 or info@tortoiseadvisors.com.

SOURCE: Tortoise

View the original press release on accesswire.com

Celebrate black history through music, art, culture, and more throughout St. Augustine, Ponte Vedra and the Beaches

SAINT AUGUSTINE, FL / ACCESSWIRE / February 1, 2024 / Florida’s Historic Coast is well-known for its rich Spanish and British history, but it’s becoming even more recognized for its significant place in African American history. It spans centuries, from the arrival of black Spanish soldiers in the 16^th century and the country’s original Underground Railroad in the 1700s to the historic protests and sit-ins by Black activists, including Dr. Martin Luther King, Jr. in the 1960s, paving the way for the Civil Rights Act.

Florida’s Historic Coast recognizes Black History Month with a host of events, programs and historic spaces.

Celebrate Black art at various galleries in St. Augustine. The Ovico Gallery is showcasing contemporary African Art, and photographer Lenny Foster tells the story of historical black figures at his One Forty Four Gallery.

Fort Mose Historic State Park, the first free Black settlement in the United States, recognizes the brave souls who made the perilous journey to Spanish La Floride with Flight to Freedom February 1-3. "I Lived Here, As Well – Together," at the Ximenez-Fatio House is a first-person perspective of an enslaved man and woman, from enslavement to freedom.

The Lincolnville neighborhood is the epicenter of Black history in St. Augustine. Visitors can visit the Lincolnville Museum and Cultural Center or walk the ACCORD Freedom Trail Project, featuring 31 historic sites from the St. Augustine Civil Rights Movement.

Historic Tours of America has expanded its Old Town Trolley Tours to include a new stop to serve the Lincolnville Museum and Cultural Center.

Black musicians are taking center stage in the month of February. Café Eleven welcomes blues guitarist and songwriter Selwyn Birchwood on Feb. 2 and John Primer, former lead guitarist for Muddy Waters, on Feb. 25. And The Fort Mose Jazz and Blues Series returns February 8-17, with featured performers Common, Jazz at Lincoln Center Orchestra with Wynton Marsalis, Keb’ Mo’ and more.

The extensive culinary landscape of Florida’s Historic Coast includes several Black chefs making their mark on the food scene. Executive Chef Denzel Aponte at The Reef Restaurant; Executive Chef Lashunta Harris at Prohibition Kitchen, and Chef Tyrone Bennett, known for his philanthropy with his food truck, Heart and Soul Food Eatery, are some of the area’s most respected culinarians.

Florida’s Historic Coast recognizes and celebrates our black heritage. Narrated tours, museums, historic sites, and more provide opportunities to immerse in the black experience in the Oldest City throughout the year. Watch for the launch of the new Black History Tour App coming soon.

Located midway between Daytona Beach and Jacksonville, Florida’s Historic Coast includes historic St. Augustine, the outstanding golf and seaside elegance of Ponte Vedra, the rural beauty of Hastings, and 42 miles of pristine Atlantic beaches. @FloridasHistoricCoast

Contact Information
Barbara Golden
Communications Manager
bgolden@floridashistoriccoast.com
904-669-8142

SOURCE: St. Augustine, Ponte Vedra & The Beaches Visitors and Convention Bureau

View the original press release on newswire.com.

OVERLAND PARK, KS / ACCESSWIRE / February 1, 2024 / The following unaudited balance sheet information and asset coverage ratio update is provided for Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF).

As of January 31, 2024, the company’s unaudited total assets were approximately $227.6 million and its unaudited net asset value was $197.7 million, or $14.66 per share.

As of January 31, 2024, the company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 775%. For more information on the company’s coverage ratios, please refer to the leverage summary web page at https://cef.ecofininvest.com.

Set forth below is a summary of the company’s unaudited balance sheet at January 31, 2024.

Unaudited balance sheet

	(in Millions)		Per Share
Investments	$ 225.4		$ 16.71
Cash and Cash Equivalents	0.4		0.03
Other Assets	1.8		0.13
Total Assets	227.6		16.87
Credit Facility Borrowings	29.3		2.17
Other Liabilities	0.6		0.04
Net Assets	$ 197.7		$ 14.66

13.49 million common shares outstanding.

The top 10 holdings for TEAF as of the most recent month-end can be found on the fund’s portfolio web page at cef.ecofininvest.com/funds/teaf.

TEAF also provides update on direct investments.

TEAF provides an update on the fund’s direct investments on the company website at https://cef.ecofininvest.com/funds/teaf/#portfolio. Details on each private deal that has taken place over the prior month will be published on the website at https://cef.ecofininvest.com/funds/teaf/#deal-summaries-list. The list includes all deals completed since the fund’s inception. Updates will continue to be posted on a monthly basis if there was a deal during the prior month until the fund reaches its target of 60% direct investments.

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, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although the fund and TCA 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 fund and TCA do not assume a duty to update this forward-looking statement.

Contact Information

For additional information on this fund, please visit cef.ecofininvest.com or contact Eva Lipner at (913) 981-1020 or info@tortoiseecofin.com.

SOURCE: Ecofin

View the original press release on accesswire.com

SAN FRANCISCO, CA / ACCESSWIRE / February 1, 2024 / PepperLime Health Acquisition Corporation (the "Company") today announced that following the recent announcement of the Company’s intention to liquidate, the Company is now exploring other possible options. The Company expects to release an update in the next few days.

About PepperLime Health Acquisition Corporation
PepperLime is a Cayman Islands-based blank-check company, dedicated to mergers, acquisitions, and similar business combinations.

Forward-Looking Statements
This press release may include, and oral statements made from time to time by representatives of the Company may include, "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements regarding possible business combinations and the financing thereof, and related matters, as well as all other statements other than statements of historical fact included in this press release, are forward-looking statements. When used in this press release, words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filings with the SEC. All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the Company’s initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Contact Information

Eran Pilovky
Chief Financial Officer
eran@pepperlimehealth.com

SOURCE: PepperLime Health Acquisition Corporation

View the original press release on newswire.com.

VANCOUVER, BC / ACCESSWIRE / February 1, 2024 / Pulsar Helium Inc. (TSXV:PLSR)(FRA:Y3K) ("Pulsar" or the "Company") announces that on February 1, 2024, the Board awarded security based compensation awards designed to provide the key members of the Pulsar team with a substantial incentive to participate in the future success of the Company.

The Board awarded:

• a total of 9,250,000 stock options were granted, including 6,350,000 to officers and directors of the Company. The stock options are granted pursuant to the Company’s Stock Option Plan and grant the optionee the right to purchase one common share (a "Share") at a purchase price of CAD$0.45 per Share for a period of five years from the date of grant.
• a total of 4,000,000 performance stock units ("PSUs") were awarded to four key individuals, including 2,800,000 to two officers of the Company, under the Company’s Equity Incentive Plan. The PSUs vest as to one-third each on the first, second and third anniversaries of the award date.

In addition to the above awards, the Company announces that pursuant to director service agreements with the Executive Chair and each of the independent directors of the Company each agreed to be paid 100% of their annual fees in Shares, subject to the limits and approval of the TSX Venture Exchange (the "Exchange"). A total of CAD$146,243 fees will be settled in full by the issue of a total of 348,198 Shares of the Company priced at CAD$0.42. Subject to the approval of the Exchange, all Shares issued will be subject to a four-month hold period from the date of issue.

About Pulsar Helium Inc.

Pulsar Helium Inc. is listed on the TSX Venture Exchange with the ticker PLSR. It is dedicated to defining and developing primary helium assets. Its portfolio consists of the Topaz helium project in Minnesota, USA and the Tunu helium project in Greenland. Pulsar is the first mover in both locations with primary helium occurrences identified at each. Topaz is the Company’s flagship, having been drilled and flowing a remarkably high helium concentration of 10.5%. For further information visit https://pulsarhelium.com and follow us on X https://twitter.com/pulsarhelium?lang=en and LinkedIn https://ca.linkedin.com/company/pulsar-helium-inc .

On behalf Pulsar Helium Inc.

"Thomas Abraham-James"
President, CEO and Director

Further Information:
Thomas Abraham-James President,
CEO and Director Pulsar Helium Inc.
connect@pulsarhelium.com
+ 1 (604) 599-0310

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Pulsar Helium Inc.

View the original press release on accesswire.com