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ClearBridge MLP and Midstream Fund Inc. - CEM STOCK NEWS

Welcome to our dedicated page for ClearBridge MLP and Midstream Fund news (Ticker: CEM), a resource for investors and traders seeking the latest updates and insights on ClearBridge MLP and Midstream Fund stock.

ClearBridge MLP and Midstream Fund Inc. (symbol: CEM) is a non-diversified, closed-end management investment company committed to providing a high level of total return with an emphasis on cash distributions. The fund is managed by ClearBridge Investments, which is a part of Franklin Templeton following the merger with Legg Mason. This strategic alignment enhances the fund's access to extensive resources and market insights.

The Fund primarily invests in energy master limited partnerships (MLPs) and energy midstream entities. These investments focus on the transport, storage, and processing of energy commodities such as oil, natural gas, and refined petroleum products. By investing in these assets, ClearBridge MLP and Midstream Fund Inc. aims to capitalize on the operational efficiencies and growth potential of the energy infrastructure sector.

One of the Fund's recent achievements includes navigating the volatile energy market by strategically investing in resilient midstream companies that have shown strong cash flow generation capabilities. This approach ensures that even during periods of market uncertainty, the Fund's portfolio remains robust and capable of delivering consistent returns to its investors.

Current Projects: The Fund continues to focus on identifying high-quality MLPs and midstream companies that offer attractive valuation and growth prospects. This includes investing in infrastructure projects aimed at expanding capacity and enhancing the efficiency of energy transportation and storage.

Financial Condition: ClearBridge MLP and Midstream Fund Inc. maintains a diversified portfolio of investments within the energy sector, which provides a stable income stream through regular cash distributions. The Fund's disciplined investment strategy helps mitigate risk while enabling it to capitalize on favorable market conditions.

Partnerships and Products: As part of Franklin Templeton, ClearBridge MLP and Midstream Fund Inc. benefits from a global network of investment professionals and resources. This partnership enhances the Fund's ability to conduct thorough due diligence and leverage market opportunities effectively.

With a portfolio designed to generate substantial cash distributions and total returns, ClearBridge MLP and Midstream Fund Inc. offers a compelling investment opportunity for those seeking exposure to the energy infrastructure sector. Stay updated with the latest developments and performance metrics through our regular news updates.

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Franklin Templeton Fund Adviser, LLC announced the February 2024 distributions for certain closed-end funds, including ClearBridge MLP and Midstream Fund Inc. (CEM), ClearBridge Energy Midstream Opportunity Fund Inc. (EMO), and ClearBridge MLP and Midstream Total Return Fund Inc. (CTR). The distributions may be treated as dividend income, return of capital, or a combination thereof for tax purposes. Stockholders will receive a Form 1099-DIV in early 2025 for tax reporting purposes.
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ClearBridge MLP and Midstream Fund Inc. (NYSE: CEM) announced its unaudited statement of assets and liabilities, net asset value, and asset coverage ratio as of December 31, 2023. The Fund's net assets were $576.4 million, with a net asset value per share of $43.36. The asset coverage ratio under the Investment Company Act of 1940 was 418% for senior indebtedness and 324% for total leverage. The Fund's top ten equity holdings accounted for 74.4% of total equity investments.
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ClearBridge MLP and Midstream Fund Inc. (NYSE: CEM) announced unaudited financial data as of November 30, 2023. The Fund's net assets were $589.4 million, with a net asset value per share of $44.33. The asset coverage ratio under the 1940 Act with respect to senior indebtedness was 424%, and with respect to total leverage was 329%. The top ten equity holdings accounted for 73.3% of total equity investments.
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Franklin Resources, Inc. (Ticker: BEN) Announces November 2023 Distribution Schedule for Certain Closed End Funds; ClearBridge MLP and Midstream Fund Inc. (Ticker: CEM) Declares $0.7700, ClearBridge Energy Midstream Opportunity Fund Inc. (Ticker: EMO) Declares $0.6500, ClearBridge MLP and Midstream Total Return Fund Inc. (Ticker: CTR) Declares $0.7000
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ClearBridge MLP and Midstream Fund Inc. (NYSE: CEM) reported unaudited financials as of October 31, 2023, with net assets at $546.6 million and net asset value per share at $41.11. The fund's asset coverage ratios under the 1940 Act were 403% for senior indebtedness and 313% for total leverage. The top ten equity holdings represented 69.7% of total equity investments.
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ClearBridge MLP and Midstream Fund Inc. announces unaudited statement of assets and liabilities as of September 30, 2023.
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ClearBridge MLP and Midstream Fund Inc. announces unaudited statement of assets and liabilities. Net assets at $558.5 million, net asset value per share at $42.01. Asset coverage ratio: 409% for senior indebtedness, 317% for total leverage. Top ten equity holdings: Energy Transfer LP, MPLX LP, Enterprise Products Partners LP, Magellan Midstream Partners LP, Western Midstream Partners LP, Targa Resources Corp., Williams Cos. Inc., Plains All American Pipeline LP, Plains GP Holdings LP, ONEOK Inc.
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FAQ

What is the current stock price of ClearBridge MLP and Midstream Fund (CEM)?

The current stock price of ClearBridge MLP and Midstream Fund (CEM) is $44.64 as of September 9, 2024.

What is the market cap of ClearBridge MLP and Midstream Fund (CEM)?

The market cap of ClearBridge MLP and Midstream Fund (CEM) is approximately 593.5M.

What is the primary investment objective of ClearBridge MLP and Midstream Fund Inc.?

The primary investment objective is to provide a high level of total return with an emphasis on cash distributions.

What types of investments does the Fund focus on?

The Fund focuses on investments in energy master limited partnerships (MLPs) and energy midstream entities.

Who manages ClearBridge MLP and Midstream Fund Inc.?

The Fund is managed by ClearBridge Investments, which is part of Franklin Templeton.

How does the Fund aim to achieve its investment objective?

The Fund aims to achieve its investment objective by investing in high-quality MLPs and midstream companies that offer growth and attractive valuations.

What are some recent achievements of the Fund?

One recent achievement includes navigating market volatility by investing in resilient midstream companies with strong cash flow generation.

What is the financial condition of the Fund?

The Fund maintains a diversified portfolio that provides a stable income stream through regular cash distributions.

How does the partnership with Franklin Templeton benefit the Fund?

The partnership provides access to a global network of investment professionals and extensive market resources, enhancing the Fund's investment capabilities.

What are the current projects of the Fund?

The Fund focuses on identifying high-quality MLPs and midstream companies and investing in infrastructure projects to expand capacity and efficiency.

How can investors stay updated with the latest performance metrics?

Investors can stay updated with the latest developments through regular news updates provided by the Fund.

What is the significance of the Fund's investment strategy?

The investment strategy aims to generate substantial cash distributions and total returns by investing in resilient and growth-oriented energy infrastructure assets.

ClearBridge MLP and Midstream Fund Inc.

NYSE:CEM

CEM Rankings

CEM Stock Data

593.45M
13.29M
40.14%
0.07%
Asset Management
Financial Services
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United States of America
New York