TEAF: Will Cease To Exist, What It Means For Investors

Core Viewpoint - The Tortoise Sustainable and Social Impact Term Fund (TEAF) is set to merge into the Tortoise Energy Infrastructure, indicating a consolidation trend in the closed-end fund (CEF) market [1] Group 1: Company Actions - TEAF will cease to exist as a standalone entity and will merge into another fund, reflecting ongoing changes in the investment landscape [1] Group 2: Industry Trends - The merger of TEAF into Tortoise Energy Infrastructure highlights a broader trend of consolidation within the CEF sector, which may impact investment strategies and market dynamics [1]