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LEAWOOD, KS / ACCESSVIRE / December 2, 2022 / To assist our shareholders in year-end planning, we are providing estimates of the special distribution per share that will be paid in December to satisfy the Excise Distribution Fund requirements. These estimates have been prepared using capital gain amounts as of October 31, 2022. Estimates are provided for informational purposes only and may not include all necessary tax adjustments. Final amounts per share will be based on the actual number of shares outstanding on the fund’s record date, which may differ significantly from the number of outstanding shares at the time these valuations are made. Please note that the following amounts are estimated and subject to change. The final amounts will be reported to you on Form 1099-DIV, which will be mailed in early 2023.
Date of recording: 20.12.2022
Ex-dividend date: 21.12.2022
Payment date: 21.12.2022
Estimated special distributions per share for 2022 |
|||||
Name of the fund |
Dividend Income1 |
short term Capital gains2 |
Long term Capital gains3 |
In total Capital gains |
|
Ecofin Tax Fund for Social Impact – TSIFKS |
$0.0337 |
$0.0000 |
$0.3505 |
$0.3505 |
|
1Dividend income may be taxed at ordinary rates or classified as tax-exempt dividends. The above estimates do not reflect calculations for tax-exempt dividends. Such calculations, if applicable, will appear on Form 1099-DIV.
2Short-term capital gains are generally taxed as ordinary income.
3Long-term capital gains may be taxable at reduced capital gains tax rates.
In addition, the fund intends to publish the complete fund portfolio on its website as soon as possible after the end of each month.
Nothing contained in this communication constitutes tax, legal or investment advice. Investors should consult their own tax or legal advisor for advice and information regarding their particular situation.
About Ecofin
Ecofin is a sustainable investment firm dedicated to unifying ecology and finance. Our mission is to generate strong risk-adjusted returns while optimizing investors’ impact on society. We are socially minded, ESG-conscious investors, leveraging years of experience investing in sustainable infrastructure, energy transition, clean water and environment and social impact. Our strategies are available through a variety of investment solutions and seek to achieve positive impacts that align with the UN Sustainable Development Goals by addressing pressing global issues related to climate action, clean energy, water, education, health and sustainable communities. Ecofin Investments, LLC is the parent company of registered investment advisors Ecofin Advisors, LLC and Ecofin Advisors Limited (collectively “Ecofin”). To learn more, visit www.ecofininvest.com.
Before investing in a fund, investors should consider their investment objectives, time horizons and risk tolerance. The fund’s investment objective, risks, costs and expenses must be carefully considered before investing. Statutory and summary prospectus (click here) contain this and other important information about the fund. Copies of the fund’s prospectus may be obtained by calling 855-TCA-FUND. Please read carefully before investing.
Investing involves risks. Major loss is possible. The fund is only suitable for investors who can bear the risks associated with the fund’s limited liquidity and should be viewed as a long-term investment.
TCA Advisors is the fund’s adviser and Ecofin Advisors, LLC is the sub-adviser.
Kuasar Distributors, LLC, distributor
Safe Harbor Statement
This press release will not constitute an offer to sell or an invitation to buy, nor will there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be illegal 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, are included “forward-looking statements” herein. Although the Funds and TCA Advisors believe that the expectations expressed in these forward-looking statements are reasonable, they 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 number of factors, including those discussed in the fund’s reports filed with the Securities and Exchange Commission. Undue reliance should not be placed on these forward-looking statements, which speak only as of the date of this press release. Except as required by law, the Funds and TCA Advisors have no obligation to update this forward-looking statement.
Contact info
For more information, contact Jen Ashlock at (913) 981-1020 or info@tortoiseadvisors.com
SOURCE: Ecofin
See the original version on accesswire.com:
https://vvv.accessvire.com/729890/Ecofin-Tak-Advantaged-Social-Impact-Fund-Estimated-Special-Distribution
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