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.
ClearBridge MLP and Midstream Fund Inc. (NYSE: CEM) reported its financial status as of
ClearBridge MLP and Midstream Fund Inc. (NYSE: CEM) reported its unaudited financials as of February 28, 2023. The Fund's net assets stood at
ClearBridge MLP and Midstream Fund reported its unaudited assets and liabilities as of
This financial data, which is unaudited, highlights the Fund's robust asset management as it aims to provide long-term returns to its investors.
Legg Mason Partners Fund Advisor, LLC announced the distribution declarations for certain closed-end funds for February 2023. The funds include ClearBridge MLP and Midstream Fund Inc. (CEM), ClearBridge Energy Midstream Opportunity Fund Inc. (EMO), and ClearBridge MLP and Midstream Total Return Fund Inc. (CTR). Key dates are: Record Date: 2/21/2023, Ex-Dividend Date: 2/17/2023, and Payable Date: 2/28/2023. Each fund will distribute $0.6300 (CEM), $0.5300 (EMO), and $0.5500 (CTR), each with a $0.0100 increase from their previous distributions. These distributions may have tax implications, and stockholders will receive Form 1099-DIV in early 2024 for tax reporting.
ClearBridge MLP and Midstream Fund (NYSE: CEM) reported its net assets at $521.5 million and a net asset value per share of $39.15 as of December 31, 2022. The Fund's asset coverage ratios indicate strong leverage positions, with 404% for senior debt and 304% for total leverage. Investments totaled $746.3 million, with a cash reserve of $25.9 million. During December, the Fund repurchased 135,000 shares for $4.47 million. This financial report is unaudited and highlights the Fund's robust performance and strategic asset management.
ClearBridge MLP and Midstream Fund (NYSE: CEM) reported its unaudited financials as of November 30, 2022, highlighting net assets of $571.5 million and a net asset value per share of $42.47. The Fund's asset coverage ratio for senior indebtedness was an impressive 443%, while total leverage stood at 329%. The Fund's total assets amounted to $823.3 million, with $796.4 million in investments and $19.1 million in cash. With 13,455,195 outstanding shares, the financial metrics reflect a stable position in the market.
ClearBridge MLP and Midstream Fund Inc. (CEM), ClearBridge Energy Midstream Opportunity Fund Inc. (EMO), and ClearBridge MLP and Midstream Total Return Fund Inc. (CTR) announced successful private placements of Mandatory Redeemable Preferred Stock (MRPS) on November 17, 2022, raising capital for corporate purposes and refinancing existing leverage. Key offerings include Series L and M for CEM and EMO, totaling approximately $15 million and $17 million, respectively, with rates of 7.12% and 7.28%. CTR issued Series E, raising $11 million at a 7.12% rate, maturing in 2029 and 2032.
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