ClearBridge Energy MLP Fund Inc. Announces Unaudited Balance Sheet Information as of August 31, 2017
September 08 2017 - 8:00AM
Business Wire
ClearBridge Energy MLP Fund Inc. (NYSE: CEM) announced today the
unaudited statement of assets and liabilities, the net asset value
and asset coverage ratio of the Fund as of August 31, 2017.
As of August 31, 2017, the Fund’s net assets were $1,057.0
million, and its net asset value per share was $15.08. The Fund’s
asset coverage ratio under the Investment Company Act of 1940 (the
“1940 Act”) with respect to senior indebtedness was 362% and the
Fund’s asset coverage ratio under the 1940 Act with respect to
total leverage was 320%.
As of August 31, 2017
Amount (millions) Per Share
Investments $ 1,683.1 $ 24.01 Cash and Cash Equivalents 73.5 1.04
Other Assets 7.0 0.10 Total Assets $ 1,763.6 $
25.15 Senior Notes* $ 370.0 $ 5.28 Loans Outstanding*
55.0 0.78 Mandatory Redeemable Preferred Shares* 55.0
0.78 Total Leverage $ 480.0 $ 6.84 Deferred
Tax Liability $ 196.2 $ 2.80 Other Liabilities 30.4
0.43 Total Liabilities $ 226.6 $ 3.23
Net Assets $ 1,057.0 $ 15.08 Outstanding Shares
70,079,518 * The Fund's asset coverage ratio under the 1940
Act with respect to senior indebtedness was 362%. * The Fund's
asset coverage ratio under the 1940 Act with respect to total
leverage was 320%. Top Ten Holdings (as of August 31,
2017)** Market Value Name (millions) % of Investments
*** Enterprise Products Partners LP $ 161.4 9.2 % ONEOK, Inc. $
115.3 6.6 % Energy Transfer Partners LP $ 114.4 6.5 % Brookfield
Infrastructure Partners LP $ 111.8 6.4 % Magellan Midstream
Partners LP $ 104.2 5.9 % Buckeye Partners LP $ 95.0 5.4 % Genesis
Energy LP $ 78.0 4.4 % Williams Partners LP $ 73.5 4.2 % Enbridge
Energy Partners LP $ 67.4 3.8 % Enlink Midstream Partners LP $ 65.0
3.7 % $ 986.0 56.1 % **Subject to change at
any time ***Percent of Total Investments
ClearBridge Energy MLP Fund Inc. is a non-diversified,
closed-end management investment company which is advised by Legg
Mason Partners Fund Advisor, LLC (“LMPFA”) and subadvised by
ClearBridge Investments, LLC (“ClearBridge”). LMPFA and ClearBridge
are wholly owned subsidiaries of Legg Mason, Inc. (“Legg
Mason”).
This financial data is unaudited.
The Fund files its semi-annual and annual
reports with the Securities and Exchange Commission, as well as its
complete schedule of portfolio holdings for the first and third
quarters of each fiscal year on Form N-Q. These reports are available on the Commission’s website
at www.sec.gov. To obtain information on Form N-Q 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.lmcef.com. 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. Legg Mason and its affiliates do not
engage in selling shares of the Fund.
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version on businesswire.com: http://www.businesswire.com/news/home/20170908005034/en/
Media:for ClearBridge Energy MLP Fund Inc.Maria Rosati,
212-805-6036mrosati@leggmason.com.
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