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.
Legg Mason Partners Fund Advisor announced the distribution details for certain closed-end funds for November 2022. 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 include the record date on November 22, 2022, ex-dividend date on November 21, 2022, and payable date on November 30, 2022. Each fund will distribute $0.6200 (CEM), $0.5200 (EMO), and $0.5400 (CTR) per share, marking a $0.0100 increase from previous distributions. Tax reporting details will follow in early 2023.
ClearBridge MLP and Midstream Fund Inc. (NYSE: CEM) disclosed its unaudited financial results as of
ClearBridge MLP and Midstream Fund (NYSE: CEM) released its unaudited asset statement for September 30, 2022. The fund's net assets were $477.9 million, with a net asset value per share of $35.52. Notably, the asset coverage ratio for senior indebtedness was 379%, while total leverage coverage stood at 313%. Investments totaled $666.7 million, and cash equivalents were $28.7 million. The fund's total liabilities were $2.9 million. The information is provided for investor reference, with complete reports available through the SEC.
ClearBridge MLP and Midstream Fund (NYSE: CEM) reported its unaudited financials as of August 31, 2022. The Fund’s net assets stand at $546.9 million, with a net asset value per share of $40.64. The asset coverage ratios are robust, with 416% for senior indebtedness and 344% for total leverage. Total assets are valued at $772.6 million, while total liabilities are minimal at $1.6 million, indicating a strong financial position for investors.
ClearBridge MLP and Midstream Fund (NYSE: CEM) reported its financial status as of July 31, 2022. The Fund's net assets totaled
Legg Mason Partners Fund Advisor announced August 2022 distributions for closed-end funds including CEM, EMO, and CTR. Key dates are the record date of August 24, 2022, ex-dividend date of August 23, 2022, and payable date of August 31, 2022. The distributions are $0.6100 for CEM, $0.5100 for EMO, and $0.5300 for CTR, each reflecting a $0.0100 increase from previous distributions. According to Portfolio Manager Chris Eades, midstream industry fundamentals are improving, leading to accelerated free cash flow and expected higher dividend growth.
ClearBridge MLP and Midstream Fund (CEM), ClearBridge Energy Opportunity Fund (EMO), and ClearBridge MLP and Midstream Total Return Fund (CTR) have announced the amendment of their share repurchase programs. Each Fund is authorized to repurchase an additional 10% of outstanding common stock whenever shares trade below net asset value (NAV). This initiative aims to enhance shareholder value by canceling repurchased shares, thus increasing NAV for remaining shareholders. The Funds’ management will decide on repurchases without specific obligations on amount or discount levels.
ClearBridge MLP and Midstream Fund Inc. (NYSE: CEM) released its unaudited assets and liabilities statement for June 30, 2022. The Fund reported net assets of $466.7 million and a net asset value per share of $34.69. The asset coverage ratio for senior indebtedness was 377%, while the ratio for total leverage stood at 311%. Total investments amounted to $666.8 million, with cash equivalents of $13.7 million. The Fund has 13,455,195 outstanding shares.
ClearBridge MLP and Midstream Fund (CEM) reported its unaudited financials as of May 31, 2022. The Fund's net assets are $579.6 million, with a net asset value per share of $43.07. The asset coverage ratio for senior indebtedness stands at 404%, while total leverage is 339%. The Fund retired 54,000 shares for $1,849,624 during this period. Total assets reached $824.6 million against total liabilities of $2.9 million.
ClearBridge MLP and Midstream Fund (NYSE: CEM) reported its financial status as of April 30, 2022. The Fund's net assets reached
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