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Tortoise Essential Assets Income Term Fund (NYSE: TEAF) Announces Initial Distribution Schedule and Amounts
LEAWOOD, Kan.–(BUSINESS WIRE)–Tortoise Essential Assets Income Term Fund (NYSE: TEAF) today declared
its initial monthly distributions of $0.1085 per month payable as set
forth below. On an annualized basis, these amounts achieve the fund’s
distribution rate target and represent a 6.51% distribution rate on its
$20.00 public offering price.
Month | Record Date | Payable Date |
Per Share Amount |
|||||||||||
May | 5/24/2019 | 5/31/2019 | $0.1085 | |||||||||||
June | 6/21/2019 | 6/28/2019 | $0.1085 | |||||||||||
July | 7/24/2019 | 7/31/2019 | $0.1085 | |||||||||||
August | 8/23/2019 | 8/30/2019 | $0.1085 | |||||||||||
The Tortoise Essential Assets Income Fund seeks to provide a high level
of total return with an emphasis on current distributions. The fund is
intended to provide investors with differentiated access to a unique
portfolio of public securities and uncorrelated direct investments in
income-generating essential asset investments in social infrastructure,
sustainable infrastructure and energy infrastructure.
“We are pleased that we have achieved full investment of the IPO
proceeds and leverage as planned,” said Managing Director and Closed-End
Fund CEO, Brad Adams. “We are now focused on making direct investments
and we are very pleased that TEAF is already making an impact in
communities and for our investors.”
For book purposes, TEAF’s source of distributions are estimated to be
80-90% ordinary income, with the remainder as return of capital. For tax
purposes, the characterization will not be made until determination of
earnings and profits after year end.
About Tortoise
Tortoise invests in essential assets – those assets and services that
are indispensable to the economy and society. With a steady wins
approach and a long-term perspective, Tortoise strives to make a
positive impact on clients and communities. For additional information,
please visit 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, 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 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 fund and Tortoise
Capital Advisors do not assume a duty to update this forward-looking
statement.
Contacts
Tortoise
Pam Kearney, Investor and Public Relations, (866)
362-9331, [email protected]
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Humboldt
Humboldt Seed Company partners with Apollo Green to bring California cannabis genetics to the global marketplace
Apollo Green to distribute Humboldt Seed Company clonal cannabis genetics to Germany, Portugal and Australia
SAN FRANCISCO, April 30, 2024 /PRNewswire/ — Humboldt Seed Company (HSC), California’s leading cannabis seed producer, has announced a partnership with Canadian-based Apollo Green to make eight breeder cuts available to researchers, licensed commercial cultivators and home growers in legal markets worldwide. This first-to-market clonal genetics release is a significant milestone and will expand access to distinctive, high-quality cannabis genetics in both established and emerging global markets including Germany, Portugal and Australia.
The curated, breeder-verified selection includes pioneering triploid genetics, such as OG Triploid and Donutz Triploid alongside the legendary cult classic Blueberry Muffin. Also available are All Gas OG with a THC content of 21% and four high-THC strains in the 30-35% range: Golden Sands, Guzzlerz, Jelly Donutz and Orange Creampop. These selections represent the top .01% from HSC’s extensive California pheno-hunting program.
Exports will begin in May under Apollo Green’s Canadian federal cannabis license. All shipments have Canadian phytosanitary certification, ensuring plants have been inspected, and are clean and free of pests.
“Access for all to quality genetics has been our core focus since the beginning,” said HSC Co-founder and Chief Science Officer, Benjamin Lind. “Our science-based approach to breeding aligns perfectly with Apollo Green’s high standards and we are excited to be able to extend these hand-selected cuts to a wider audience, especially at this pivotal time where we’re seeing positive regulatory changes globally.”
Oisin Tierney, Apollo Green Director of Business Development, said, “California has long been recognized for setting industry standards, and we are proud to play a role in bringing these esteemed genetics to cultivators worldwide. The triploids are especially noteworthy in terms of the unprecedented potential for enhanced plant vigor, higher yields, shorter flowering times and superior returns for solventless extraction.”
About Humboldt Seed Company
Established in 2001, Humboldt Seed Company is a Northern California heritage brand providing quality cannabis genetics to commercial cultivators and home growers in legalized states across the U.S. and international markets including Spain, Canada, Jamaica, South Africa, Colombia, France, Portugal, Greece, the UK, Malta and Thailand. With a focus on environmental and social justice, they combine traditional breeding and modern scientific practices in their strain development program. They have served the cannabis community for over two decades.
For more information visit https://humboldtseedcompany.com/.
About Apollo Green
Licensed since 2019, Apollo Green is Canada’s leader in cannabis genetics. The company’s mission is to provide an ever-growing bank of seeds and clones to medical patients and recreational consumers. Apollo Green provides clean, trusted cannabis seeds and clones, which are backed by the foremost tissue culture technology to reduce risks, costs and time-to-market for licensed producers around the world. Apollo Green is passionate about cannabis genetics.
For more information visit https://apollogreen.com/.
Media contact
Jaana Prall
[email protected]
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