Tortoise Capital to Rename Ecofin Global Water ESG Fund and Ecofin Sustainable and Social Impact Term Fund, Replacing Ecofin Name with Tortoise

Changes Follow Previous Agreement to Sell Ecofin Advisors Limited, UK-based affiliate

OVERLAND PARK, Kan., Sept. 19, 2024 /PRNewswire/ — Tortoise Capital Advisors, L.L.C., a fund manager focused on traditional energy and power infrastructure investing, today announced it will rename the Ecofin Sustainable and Social Impact Term Fund (NYSE: TEAF) and the Ecofin Global Water ESG Fund (EBLU) and replace the Ecofin name with Tortoise. In addition, the EBLU ticker will change to TBLU.

The name changes, approved by each fund board, will take effect on Sept. 30 in conjunction with the expected completion of Tortoise Capital’s sale of its Ecofin Advisors Limited business to Redwheel, a UK-based investment manager.

TEAF, a closed end fund, had total assets, including leverage, of $229 million as of Aug. 31, 2024. EBLU, an ETF, had $56 million in assets as of Aug. 31, 2024.

About Tortoise Capital

With approximately $8.3 billion in assets under management as of Aug. 31, 2024, Tortoise Capital’s record of investment experience and research dates back more than 20 years. As an early investor in midstream energy, Tortoise Capital believes it is well-positioned to be at the forefront of the global energy evolution that is under way. Based in Overland Park, Kansas, Tortoise Capital Advisors, L.L.C. is an SEC-registered fund manager that invests primarily in publicly traded companies in the energy and power infrastructure sectors”from production to transportation to distribution. For more information, visit  www.TortoiseAdvisors.com.

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 (SEC). You should not place undue reliance on these forward-looking statements,…