Domo signs strategic collaboration agreement with AWS for AI solutions
In a recent transaction, Saba Capital Management, L.P. acquired 15,679 shares of Tortoise Sustainable & Social Impact Term Fund (NYSE:TEAF) common stock. The purchase, recorded on April 8, 2025, totaled $161,336 at a price of $10.29 per share. Following this acquisition, Saba Capital Management holds a total of 1,437,673 shares in the fund. The transaction was executed with indirect ownership by Saba Capital Management, represented by Zachary Gindes, and Boaz Weinstein, both of whom are identified as ten percent owners. Notably, TEAF offers investors a substantial dividend yield of 10.27%. InvestingPro analysis reveals several additional key metrics and insights about TEAF's performance and valuation.
In other recent news, Tortoise Sustainable and Social Impact Term Fund has announced a change in its independent registered public accounting firm. The Fund's Board of Directors has approved the engagement of Tait, Weller & Baker LLP, replacing Ernst & Young LLP, which had served as the Fund's accountant for the fiscal year ending November 30, 2024. The reports from Ernst & Young LLP for the fiscal years ending November 30, 2024, and November 30, 2023, contained no adverse opinions or disclaimers and were not qualified or modified regarding uncertainties, audit scope, or accounting principles. There were also no disagreements or "reportable events" between the Fund and Ernst & Young LLP during these fiscal years or up to April 3, 2025. The Fund formally notified Ernst & Young LLP of its dismissal on April 8, 2025, and the firm confirmed their agreement with the Fund's statements regarding their dismissal in a letter to the SEC dated April 9, 2025. Prior to engaging Tait, Weller & Baker LLP, the Fund had not consulted the firm on any accounting principles or transactions. This transition is part of the Fund's ongoing focus on sustainable and social impact investments, as detailed in the latest filing with the Securities and Exchange Commission.
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