ClearBridge MLP and Midstream Fund Inc. Announces Unaudited Balance Sheet Information as of July 31, 2024
ClearBridge MLP and Midstream Fund Inc. (NYSE: CEM) has released its unaudited financial statement as of July 31, 2024. The Fund's net assets stood at $391.0 million, with a net asset value per share of $52.23. The Fund's asset coverage ratio under the 1940 Act was 646% for senior indebtedness and 380% for total leverage. Total assets were $554.8 million, with investments valued at $504.6 million. The Fund's top equity holding was Energy Transfer LP, representing 11.6% of investments. The top ten holdings accounted for 73.8% of total equity investments.
ClearBridge MLP e Midstream Fund Inc. (NYSE: CEM) ha pubblicato il suo bilancio non verificato al 31 luglio 2024. Il valore netto degli attivi del Fondo era di 391,0 milioni di dollari, con un valore netto per azione di 52,23 dollari. Il rapporto di copertura degli attivi del Fondo ai sensi del 1940 Act era del 646% per il debito senior e del 380% per la leva totale. Gli attivi totali ammontavano a 554,8 milioni di dollari, con investimenti valutati 504,6 milioni di dollari. Il principale investimento azionario del Fondo era Energy Transfer LP, che rappresentava il 11,6% degli investimenti. Le prime dieci partecipazioni rappresentavano il 73,8% del totale degli investimenti azionari.
ClearBridge MLP y Midstream Fund Inc. (NYSE: CEM) ha publicado su estado financiero no auditado a fecha del 31 de julio de 2024. Los activos netos del Fondo eran de 391,0 millones de dólares, con un valor neto por acción de 52,23 dólares. El ratio de cobertura de activos del Fondo bajo la Ley de 1940 era del 646% para la deuda senior y del 380% para el apalancamiento total. Los activos totales ascendían a 554,8 millones de dólares, con inversiones valoradas en 504,6 millones de dólares. La principal participación en acciones del Fondo era Energy Transfer LP, que representaba el 11,6% de las inversiones. Las diez principales participaciones representaban el 73,8% del total de inversiones en acciones.
ClearBridge MLP 및 Midstream Fund Inc. (NYSE: CEM)는 2024년 7월 31일 기준 비감사 재무 제표를 발표했습니다. 펀드의 순자산은 3억 9,100만 달러였으며, 주당 순자산 가치는 52.23 달러였습니다. 1940년 법에 따른 펀드의 자산 커버리지 비율은 고급 채무에 대해 646%, 총 레버리지에 대해 380%였습니다. 총 자산은 5억 5,480만 달러였으며, 투자 가치는 5억 460만 달러로 평가되었습니다. 펀드의 주요 주식 보유자는 Energy Transfer LP로, 투자 중 11.6%를 차지했습니다. 상위 10개 보유 주식은 총 주식 투자액의 73.8%를 차지했습니다.
ClearBridge MLP et Midstream Fund Inc. (NYSE: CEM) a publié son état financier non vérifié au 31 juillet 2024. Les actifs nets du Fonds s'élevaient à 391,0 millions de dollars, avec une valeur nette par action de 52,23 dollars. Le ratio de couverture des actifs du Fonds selon la Loi de 1940 était de 646% pour la dette senior et de 380% pour l'effet de levier total. Les actifs totaux étaient de 554,8 millions de dollars, avec des investissements évalués à 504,6 millions de dollars. La principale participation en actions du Fonds était Energy Transfer LP, représentant 11,6% des investissements. Les dix principales participations représentaient 73,8% du total des investissements en actions.
ClearBridge MLP und Midstream Fund Inc. (NYSE: CEM) hat seinen ungeprüften Finanzbericht zum 31. Juli 2024 veröffentlicht. Die Nettorücklagen des Fonds beliefen sich auf 391,0 Millionen USD mit einem Nettovermögen pro Aktie von 52,23 USD. Das Verhältnis der Vermögensdeckung des Fonds gemäß dem Jahrgang 1940 lag bei 646% für vorrangige Verbindlichkeiten und 380% für die gesamte Verschuldung. Die Gesamtnettowerte betrugen 554,8 Millionen USD, mit Investitionen, die auf 504,6 Millionen USD geschätzt wurden. Das größte Aktieninvestment des Fonds war Energy Transfer LP, das 11,6% der Investitionen ausmachte. Die zehn größten Positionen machten 73,8% der gesamten Aktieninvestitionen aus.
- Strong asset coverage ratio of 646% for senior indebtedness
- Substantial net assets of $391.0 million
- Diversified portfolio with top 10 holdings representing 73.8% of equity investments
- None.
As of July 31, 2024, the Fund’s net assets were
| As of July 31, 2024 | ||||||
| Amount (millions) | Per Share | |||||
| Investments | $ |
504.6 |
$ |
67.40 |
||
| Cash and Cash Equivalents |
|
46.7 |
|
6.24 |
||
| Other Assets |
|
3.5 |
|
0.47 |
||
| Total Assets | $ |
554.8 |
$ |
74.11 |
||
| Senior Notes* | $ |
28.2 |
$ |
3.77 |
||
| Loans Outstanding* |
|
54.0 |
|
7.21 |
||
| Mandatory Redeemable Preferred Shares* |
|
57.4 |
|
7.67 |
||
| Total Leverage | $ |
139.6 |
$ |
18.65 |
||
| Income Tax Payable | $ |
9.1 |
$ |
1.22 |
||
| Deferred Tax Liability |
|
10.5 |
|
1.40 |
||
| Other Liabilities |
|
4.6 |
|
0.61 |
||
| Total Liabilities | $ |
24.2 |
$ |
3.23 |
||
| Net Assets | $ |
391.0 |
$ |
52.23 |
||
| Outstanding Shares |
|
7,486,824 |
||||
| * The Fund's asset coverage ratio under the 1940 Act with respect to senior indebtedness was |
||||||
| * The Fund's asset coverage ratio under the 1940 Act with respect to total leverage was |
||||||
| Top Ten Equity Holdings (as of July 31, 2024)** | ||||||
| Market Value | ||||||
| Name | (millions) | % of Investments | *** | |||
| Energy Transfer LP | $ |
58.5 |
11.6 |
% |
||
| ONEOK Inc. | $ |
48.1 |
9.5 |
% |
||
| MPLX LP | $ |
44.4 |
8.8 |
% |
||
| Western Midstream Partners LP | $ |
42.8 |
8.5 |
% |
||
| Targa Resources Corp. | $ |
39.4 |
7.8 |
% |
||
| Enterprise Products Partners LP | $ |
35.8 |
7.1 |
% |
||
| Williams Cos. Inc. | $ |
27.3 |
5.4 |
% |
||
| Plains All American Pipeline LP | $ |
26.0 |
5.1 |
% |
||
| Plains GP Holdings LP | $ |
25.8 |
5.1 |
% |
||
| Kinder Morgan Inc. | $ |
24.9 |
4.9 |
% |
||
$ |
373.0 |
73.8 |
% |
|||
| ** Subject to change at any time | ||||||
| *** Percent of Total Equity Investments | ||||||
ClearBridge MLP and Midstream Fund Inc. is a non-diversified, closed-end management investment company, which is advised by Franklin Templeton Fund Adviser, LLC (“FTFA”) (formerly known as Legg Mason Partners Fund Advisor, LLC) and subadvised by ClearBridge Investments, LLC (“ClearBridge”). FTFA and ClearBridge are indirect, wholly-owned subsidiaries of Franklin Resources, Inc. (“Franklin Resources”).
This financial data is unaudited.
The Fund files its semi-annual and annual reports with the Securities and Exchange Commission (“SEC”), as well as its complete schedule of portfolio holdings for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. These reports are available on the SEC’s website at www.sec.gov. To obtain information on Form N-PORT or a semi-annual or annual report from the Fund, shareholders can call 1-888-777-0102.
For more information about the Fund, please call 1-888-777-0102 or consult the Fund’s website at www.franklintempleton.com/investments/options/closed-end-funds. Hard copies of the Fund’s complete audited financial statements are available free of charge upon request.
Data and commentary provided in this press release are for informational purposes only. Franklin Resources and its affiliates do not engage in selling shares of the Fund.
Category: Financials
Source: Franklin Resources, Inc.
Source: Legg Mason Closed End Funds
View source version on businesswire.com: https://www.businesswire.com/news/home/20240807417130/en/
Investor Contact: Fund Investor Services 1-888-777-0102
Source: Franklin Resources, Inc. and Legg Mason Closed End Funds
FAQ
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