After the close of business on November 7, 2025, Tortoise Sustainable and Social Impact Term Fund (TEAF) has merged into Tortoise Energy Infrastructure Corp. (TYG). Distribution and tax information is provided for informational purposes.

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TEAF Distribution Summary

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Record Date Payment Date Amount Market Price NAV DRIP
10/24/2025 10/31/2025 $0.0900 $12.4100 $13.3000 N/A
9/23/2025 9/30/2025 $0.0900 $11.7600 $13.2200 $11.8172
8/22/2025 8/29/2025 $0.0900 $12.1400 $13.2000 $12.0112
7/24/2025 7/31/2025 $0.0900 $12.1500 $13.3900 $12.1058
6/23/2025 6/30/2025 $0.0900 $12.2500 $13.4300 $12.2440
5/23/2025 5/30/2025 $0.0900 $11.7400 $13.1200 $11.5592
4/23/2025 4/30/2025 $0.0900 $11.2600 $13.1000 $11.3929
3/24/2025 3/31/2025 $0.0900 $11.3600 $13.3300 $11.4624
2/21/2025 2/28/2025 $0.0900 $12.0300 $13.8800 $12.0072
1/24/2025 1/31/2025 $0.0900 $12.1600 $14.0400 $12.1671
12/24/2024 12/31/2024 $0.0900 $12.0000 $13.9600 $12.0958
Fiscal Year 2025 Total: $0.9900
Fiscal Year 2025 Total: $0.9900

Determining distributions to stockholders

The fund has adopted a managed distribution policy (“MDP”). Annual distribution amounts are expected to fall in the range of 6% to 8% of the average week-ending net asset value (“NAV”) per share for the prior fiscal semi-annual period. Distribution amounts will be reset both up and down to provide a consistent return on trailing NAV. Under the MDP, distribution amounts will normally be reset in February and August, with no changes in distribution amounts in May and November. The fund may designate a portion of its distributions as capital gains and may also distribute additional capital gains in the last quarter of the year to meet annual excise distribution requirements. Distribution amounts are subject to change from time to time at the discretion of the Board.

For more details, see TEAF's complete distribution and tax information here.

Due to the approved merger of TYG and TEAF, reinvestment of distributions under TEAF’s dividend reinvestment plan (“DRIP”) will be discontinued prior to TEAF’s final regular monthly distribution, which is expected to occur at the end of October. The October distribution will be paid entirely in cash, regardless of any shareholder election to reinvest distributions.

Tax Information (NYSE: TEAF) Tortoise Sustainable and Social Impact Term Fund

Find distributions and other tax-related resources for Tortoise Capital closed-end funds. Tax forms, publications and instructions are available for download from the IRS Web site.

Annual 1099-DIV

2024 Common Stock Tax Information

Total 2024 Distributions: $1.3329

  1. Box 1a: Ordinary dividends are taxed at ordinary income tax rates.

  2. Box 1b: Qualified dividends are taxed at capital gain tax rates if the stockholder meets holding period requirements.

  3. Box 2a: Capital gain distributions (long-term) are taxed at capital gain tax rates.

  4. Box 3: Nondividend distributions are nontaxable and considered return of capital.

For stockholders who participated in the company sponsored dividend reinvestment plan, the tax basis of shares acquired is the greater of the purchase price or the market close price on the payment date.

Nothing contained herein should be construed as tax advice; consult your tax adviser for more information. Furthermore, you may not rely upon any information herein for the purpose of avoiding any penalties that may be imposed under the Internal Revenue Code.

Report of Organizational Actions Affecting Basis of Securities

Effective January 1, 2012, issuers of regulated investment company securities must complete Form 8937 to report organizational actions, including nontaxable distributions, that affect the basis of the securities involved in the organizational action. The information contained below is intended to satisfy the requirements of public reporting under section 1.6045B-1(a)(3) and (b)(4) of the Treasury Regulations.

Annual 1099-DIV

2023 Common Stock Tax Information

Total 2023 Distributions: $1.0800

  1. Box 1a: Ordinary dividends are taxed at ordinary income tax rates.

  2. Box 1b: Qualified dividends are taxed at capital gain tax rates if the stockholder meets holding period requirements.

  3. Box 2a: Capital gain distributions (long-term) are taxed at capital gain tax rates.

  4. Box 3: Nondividend distributions are nontaxable and considered return of capital.

For stockholders who participated in the company sponsored dividend reinvestment plan, the tax basis of shares acquired is the greater of the purchase price or the market close price on the payment date.

Report of Organizational Actions Affecting Basis of Securities

Effective January 1, 2012, issuers of regulated investment company securities must complete Form 8937 to report organizational actions, including nontaxable distributions, that affect the basis of the securities involved in the organizational action. The information contained below is intended to satisfy the requirements of public reporting under section 1.6045B-1(a)(3) and (b)(4) of the Treasury Regulations.

Nothing contained herein should be construed as tax advice; consult your tax adviser for more information. Furthermore, you may not rely upon any information herein for the purpose of avoiding any penalties that may be imposed under the Internal Revenue Code.

Annual 1099-DIV

2022 Common Stock Tax Information

Total 2022 Distributions: $1.0600

  1. Box 1a: Ordinary dividends are taxed at ordinary income tax rates.

  2. Box 1b: Qualified dividends are taxed at capital gain tax rates if the stockholder meets holding period requirements.

  3. Box 2a: Capital gain distributions (long-term) are taxed at capital gain tax rates.

  4. Box 3: Nondividend distributions are nontaxable and considered return of capital.

For stockholders who participated in the company sponsored dividend reinvestment plan, the tax basis of shares acquired is the greater of the purchase price or the market close price on the payment date.

Report of Organizational Actions Affecting Basis of Securities

Effective January 1, 2012, issuers of regulated investment company securities must complete Form 8937 to report organizational actions, including nontaxable distributions, that affect the basis of the securities involved in the organizational action. The information contained below is intended to satisfy the requirements of public reporting under section 1.6045B-1(a)(3) and (b)(4) of the Treasury Regulations.

Nothing contained herein should be construed as tax advice; consult your tax adviser for more information. Furthermore, you may not rely upon any information herein for the purpose of avoiding any penalties that may be imposed under the Internal Revenue Code.

Annual 1099-DIV

2021 Common Stock Tax Information

Total 2021 Distributions: $0.9050

  1. Box 1a: Ordinary dividends are taxed at ordinary income tax rates.

  2. Box 1b: Qualified dividends are taxed at capital gain tax rates if the stockholder meets holding period requirements.

  3. Box 2a: Capital gain distributions (long-term) are taxed at capital gain tax rates.

  4. Box 3: Nondividend distributions are nontaxable and considered return of capital.

For stockholders who participated in the company sponsored dividend reinvestment plan, the tax basis of shares acquired is the greater of the purchase price or the market close price on the payment date.

Report of Organizational Actions Affecting Basis of Securities

Effective January 1, 2012, issuers of regulated investment company securities must complete Form 8937 to report organizational actions, including nontaxable distributions, that affect the basis of the securities involved in the organizational action. The information contained below is intended to satisfy the requirements of public reporting under section 1.6045B-1(a)(3) and (b)(4) of the Treasury Regulations.

Nothing contained herein should be construed as tax advice; consult your tax adviser for more information. Furthermore, you may not rely upon any information herein for the purpose of avoiding any penalties that may be imposed under the Internal Revenue Code.

Annual 1099-DIV

2020 Common Stock Tax Information

TEAF provides the following tax information to its common stockholders pertaining to the character of distributions paid during 2020. For stockholders who received all distributions in cash during 2020, approximately 37.36% was treated as ordinary income (Box 1a less Box 1b), 19.75% as qualified dividend income (Box 1b), and 42.89% treated as return of capital (Box 3). The per share characterization is reflected in the sample Form 1099-DIV below.

 

Total 2020 Distributions: $6.8705

  1. Box 1a: Ordinary dividends are taxed at ordinary income tax rates.

  2. Box 1b: Qualified dividends are taxed at capital gain tax rates if the stockholder meets holding period requirements.

  3. Box 2a: Capital gain distributions (long-term) are taxed at capital gain tax rates.

  4. Box 3: Nondividend distributions are nontaxable and considered return of capital.

For stockholders who participated in the company sponsored dividend reinvestment plan, the tax basis of shares acquired is the greater of the purchase price or the market close price on the payment date.

Report of Organizational Actions Affecting Basis of Securities

Effective January 1, 2012, issuers of regulated investment company securities must complete Form 8937 to report organizational actions, including nontaxable distributions, that affect the basis of the securities involved in the organizational action. The information contained below is intended to satisfy the requirements of public reporting under section 1.6045B-1(a)(3) and (b)(4) of the Treasury Regulations.

Nothing contained herein should be construed as tax advice; consult your tax adviser for more information. Furthermore, you may not rely upon any information herein for the purpose of avoiding any penalties that may be imposed under the Internal Revenue Code.

Annual 1099-DIV

2019 Common Stock Tax Information

TEAF provides the following tax information to its common stockholders pertaining to the character of distributions paid during 2019. For stockholders who received all distributions in cash during 2019, approximately 25.82% was treated as ordinary income (Box 1a less Box 1b), 25.50% as qualified dividend income (Box 1b), and 48.68% treated as return of capital (Box 3). The per share characterization is reflected in the sample Form 1099-DIV below.

Total 2019 Distributions: $6.87

  1. Box 1a: Ordinary dividends are taxed at ordinary income tax rates.

  2. Box 1b: Qualified dividends are taxed at capital gain tax rates if the stockholder meets holding period requirements.

  3. Box 2a: Capital gain distributions (long-term) are taxed at capital gain tax rates.

  4. Box 3: Nondividend distributions are nontaxable and considered return of capital.

For stockholders who participated in the company sponsored dividend reinvestment plan, the tax basis of shares acquired is the greater of the purchase price or the market close price on the payment date.

Report of Organizational Actions Affecting Basis of Securities

Effective January 1, 2012, issuers of regulated investment company securities must complete Form 8937 to report organizational actions, including nontaxable distributions, that affect the basis of the securities involved in the organizational action. The information contained below is intended to satisfy the requirements of public reporting under section 1.6045B-1(a)(3) and (b)(4) of the Treasury Regulations.

Nothing contained herein should be construed as tax advice; consult your tax adviser for more information. Furthermore, you may not rely upon any information herein for the purpose of avoiding any penalties that may be imposed under the Internal Revenue Code.

Tortoise Sustainable and Social Impact Term Fund TEAF

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