ClearBridge American Energy MLP Fund Inc. Portfolio Composition as of March 31, 2018
April 26 2018 - 12:00PM
Business Wire
ClearBridge American Energy MLP Fund Inc. (NYSE:CBA) announces
its portfolio composition as of March 31, 2018.
Investment Objective: The Fund seeks to provide a high
level of total return, with an equal emphasis on current
distributions and capital appreciation.
Investment Strategy: The Fund seeks to achieve its
objective by investing primarily in US-based master limited
partnerships (“MLPs”) in the energy sector. Initially, the Fund
intends to focus its investments on MLPs that, in the Fund’s
opinion, are poised to benefit from the growing production and
usage of natural gas, while minimizing exposure to commodity price
fluctuations. Energy entities are engaged in the business of
exploring, developing, producing, gathering, transporting,
processing, storing, refining, distributing, mining or marketing
natural gas, natural gas liquids (including propane), crude oil,
refined petroleum products or coal.
Portfolio
Composition:*
Diversified Energy Infrastructure 37.5% Liquids
Transportation & Storage 23.5%
Gathering/Processing 20.0% Natural Gas
Transportation & Storage 11.1% Propane
3.4% Refining 1.8% Shipping 0.9%
Cash 1.8%
Top 10
Holdings
Enterprise Products Partners LP 8.7% Energy Transfer Partners LP
5.2% Cheniere Energy Partners LP 4.9% Genesis Energy LP 4.6% Oneok
Partners LP MLP NPV 4.5% Magellan Midstream Partners LP 4.3% Targa
Resources Corp. 4.0% Brookfield Infrastructure 3.8% Plains All
American Pipeline LP 3.5% Buckeye Partners LP 3.5%
Portfolio
Statistics:
Inception Date June 26, 2013
Inception Price $20.00
Total Assets $636,519,003
Net Assets** $415,519,003
Loans***
6.44%
Fixed Rate Notes***
24.35%
Reverse Repos***
0.0%
Preferred Shares***
3.93%
Market Price: $6.81
NAV $7.09
(Daily NAV is available on market quotation systems using the
symbol XCBAX.)
Distribution Rate
$0.2000 per share
Frequency
Quarterly (declared quarterly, paid quarterly)
* Portfolio holdings and weightings are historical and are
presented here for informational purposes only. They are subject to
change at any time. ** The difference between total assets and net
assets, if any, is due primarily to the Fund’s use of borrowings
and other liabilities; net assets do not include borrowings. The
Fund may employ leverage in the form of loans, preferred stock,
reverse repurchase agreements and/or other instruments. When the
Fund engages in transactions that have a leveraging effect on the
Fund’s portfolio, the value of the Fund will be more volatile and
all other risks will tend to be compounded . *** Percentages are
based on total assets.
ClearBridge American 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.
An investment in the Fund involves risk, including loss of
principal. The Fund's concentration of investments in energy
related MLPs subject it to the risks of investing in MLPs and the
energy sector. Investment return and the value of shares will
fluctuate.
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.
For more information, please call Fund Investor Services at
1-888-777-0102, or consult the Fund’s web site at
http://www.lmcef.com. Hard copies of the Fund’s complete audited
financial statements are available free of charge upon request.
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version on businesswire.com: https://www.businesswire.com/news/home/20180426006229/en/
For ClearBridge American Energy MLP Fund Inc.Fund
Investor Services, 1-888-777-0102
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