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News

http://tortoiseecofin.com/redirects/news/
Looking ahead to 2021, Senior Portfolio Manager Rob Thummel discusses how to invest in energy infrastructure with US News and World Report

http://tortoiseecofin.com/resources/in-the-news/looking-ahead-to-2021-senior-portfolio-manager-rob-thummel-discusses-how-to-invest-in-energy-infrastructure-with-us-news-and-world-report/
Senior Portfolio Manager Jean-Hugues de Lamaze discusses the advantages of investing in European Utilities with US News & World Report

http://tortoiseecofin.com/resources/in-the-news/senior-portfolio-manager-jean-hugues-de-lamaze-discusses-the-advantages-of-investing-in-european-utilities-with-us-news-world-report/
Senior Portfolio Manager Rob Thummel was interviewed by E&E News on the recent Chevron deal

http://tortoiseecofin.com/resources/in-the-news/senior-portfolio-manager-rob-thummel-was-interviewed-by-ee-news-on-the-recent-chevron-deal/
Senior Portfolio Manager Rob Thummel explains MLP stocks with US News and World Report

http://tortoiseecofin.com/resources/in-the-news/senior-portfolio-manager-rob-thummel-explains-mlp-stocks-with-us-news-and-world-report/
Senior Portfolio Manager Rob Thummel discusses how to handle oil dividend-paying stocks with US News and World Report

http://tortoiseecofin.com/resources/in-the-news/senior-portfolio-manager-rob-thummel-discusses-how-to-handle-oil-dividend-paying-stocks-with-us-news-and-world-report/
Senior Portfolio Manager Rob Thummel discusses opportunities in energy during the low oil price environment with US News and World Report

http://tortoiseecofin.com/resources/in-the-news/senior-portfolio-manager-rob-thummel-discusses-opportunities-in-energy-during-the-low-oil-price-environment-with-us-news-and-world-report/
Senior portfolio manager Rob Thummel discusses his top picks for energy with US News & World Report

http://tortoiseecofin.com/resources/in-the-news/senior-portfolio-manager-rob-thummel-discusses-his-top-picks-for-energy-with-us-news-world-report/
Senior Portfolio Manager Jean-Hugues de Lamaze was quoted in a U.S. News and World Report article on growth opportunities in the utilities sector

http://tortoiseecofin.com/resources/in-the-news/senior-portfolio-manager-jean-hugues-de-lamaze-was-quoted-in-a-us-news-and-world-report-article-on-growth-opportunities-in-the-utilities-sector/
Rob Thummel explains the historic oil price drop in an interview with Cheddar News

http://tortoiseecofin.com/resources/in-the-news/rob-thummel-explains-the-historic-oil-price-drop-in-an-interview-with-cheddar-news/

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News

http://tortoiseecofin.com/redirects/news/
Looking ahead to 2021, Senior Portfolio Manager Rob Thummel discusses how to invest in energy infrastructure with US News and World Report

http://tortoiseecofin.com/resources/in-the-news/looking-ahead-to-2021-senior-portfolio-manager-rob-thummel-discusses-how-to-invest-in-energy-infrastructure-with-us-news-and-world-report/
Senior Portfolio Manager Jean-Hugues de Lamaze discusses the advantages of investing in European Utilities with US News & World Report

http://tortoiseecofin.com/resources/in-the-news/senior-portfolio-manager-jean-hugues-de-lamaze-discusses-the-advantages-of-investing-in-european-utilities-with-us-news-world-report/
Senior Portfolio Manager Rob Thummel was interviewed by E&E News on the recent Chevron deal

http://tortoiseecofin.com/resources/in-the-news/senior-portfolio-manager-rob-thummel-was-interviewed-by-ee-news-on-the-recent-chevron-deal/
Senior Portfolio Manager Rob Thummel explains MLP stocks with US News and World Report

http://tortoiseecofin.com/resources/in-the-news/senior-portfolio-manager-rob-thummel-explains-mlp-stocks-with-us-news-and-world-report/
Senior Portfolio Manager Rob Thummel discusses how to handle oil dividend-paying stocks with US News and World Report

http://tortoiseecofin.com/resources/in-the-news/senior-portfolio-manager-rob-thummel-discusses-how-to-handle-oil-dividend-paying-stocks-with-us-news-and-world-report/
Senior Portfolio Manager Rob Thummel discusses opportunities in energy during the low oil price environment with US News and World Report

http://tortoiseecofin.com/resources/in-the-news/senior-portfolio-manager-rob-thummel-discusses-opportunities-in-energy-during-the-low-oil-price-environment-with-us-news-and-world-report/
Senior portfolio manager Rob Thummel discusses his top picks for energy with US News & World Report

http://tortoiseecofin.com/resources/in-the-news/senior-portfolio-manager-rob-thummel-discusses-his-top-picks-for-energy-with-us-news-world-report/
Senior Portfolio Manager Jean-Hugues de Lamaze was quoted in a U.S. News and World Report article on growth opportunities in the utilities sector

http://tortoiseecofin.com/resources/in-the-news/senior-portfolio-manager-jean-hugues-de-lamaze-was-quoted-in-a-us-news-and-world-report-article-on-growth-opportunities-in-the-utilities-sector/
Rob Thummel explains the historic oil price drop in an interview with Cheddar News

http://tortoiseecofin.com/resources/in-the-news/rob-thummel-explains-the-historic-oil-price-drop-in-an-interview-with-cheddar-news/

Showing 10 of 45

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Nothing on this website should be considered a solicitation to buy or an offer to sell any shares of a fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction. Nothing contained in this communication constitutes tax, legal or investment advice. Investors must consult their tax adviser or legal counsel for advice and information concerning their particular situation.

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This fact sheet must be preceded or accompanied by the current prospectus. Click here for current prospectus.

Investing involves risks. Principal loss is possible. The fund is suitable only for investors who can bear the risks associated with the limited liquidity of the fund and should be viewed as a long-term investment. The fund will ordinarily accrue and pay distributions from its net investment income, if any, once a quarter; however, the amount of distributions that the fund may pay, if any, is uncertain. There currently is no secondary market for the fund’s shares and the adviser does not expect that a secondary market will develop. Limited liquidity is provided to shareholders only through the fund’s quarterly Repurchase Offers for no less than 5% of the fund’s shares outstanding at net asset value. There is no guarantee that shareholders will be able to sell all of the shares they desire in a quarterly Repurchase Offer. The fund invests in Municipal-Related Securities. Litigation, legislation or other political events, local business or economic conditions or the bankruptcy of the issuer could have a significant effect on the ability of an issuer of municipal bonds to make payments of principal and/or interest. Changes related to taxation, legislation or the rights of municipal security holders can significantly affect municipal bonds. Because the fund concentrates its investments in Municipal-Related Securities the fund may be subject to increased volatility. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investment by the fund in lower-rated and non-rated securities presents a greater risk of loss to principal and interest than higher-rated securities. The fund may invest in derivative securities, which derive their performance from the performance of an underlying asset, index, interest rate or currency exchange rate. Derivatives can be volatile and involve various types and degrees of risks. Depending on the characteristics of the particular derivative, it could become illiquid. The fund may utilize leverage, which is a speculative technique that may adversely affect common shareholders if the return on investments acquired with borrowed fund or other leverage proceeds do not exceed the cost of the leverage, causing the fund to lose money.

Average life is the weighted period of time required to repay half of the bond issue through scheduled principal payments (e.g., maturity, sinking fund redemption, etc.). It is a reflection of the rapidity with which the principal of an issue is expected to be paid. Duration is a commonly used measure of the potential volatility of the price of a debt security, or the aggregate market value of a portfolio of debt securities, prior to maturity. Securities with a longer duration generally have more volatile prices than securities of comparable quality with a shorter duration. 30-Day SEC Yield is an annualized yield based on the most recent 30-day period covered by the fund's filings with the SEC. The yield figure reflects the dividends and interest earned during the period after the deduction of the fund's expenses. Yield to worst is an aggregate of all debt/bonds in the portfolio and a measure of the lowest possible yield that can be received on a bond that fully operates within the terms of its contract without defaulting. It is a type of yield that is referenced when a bond has provisions that would allow the issuer to close it out before it matures. The municipal investments in the portfolio may be tax-exempt at the federal level, but taxes may still be applicable at the state and/or local level.

Diversification does not assure a profit nor protect against loss in a declining market.

Fund holdings and sector allocations are subject to change and are not recommendations to buy or sell any security.

TCA Advisors is the adviser to the Ecofin Tax-Exempt Private Credit Fund and Ecofin Advisors, LLC is the subadviser.

Quasar Distributors, LLC, distributor

NOT FDIC INSURED · NO BANK GUARANTEE · MAY LOSE VALUE

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