ClearBridge MLP and Midstream Fund Inc. Announces Unaudited Balance Sheet Information as of July 31, 2021
August 06 2021 - 8:00AM
Business Wire
ClearBridge MLP and Midstream 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 July 31,
2021.
As of July 31, 2021, the Fund’s net assets were $429.0 million,
and its net asset value per share was $31.55.
The Fund’s asset coverage ratio under the Investment Company Act
of 1940 (the “1940 Act”) with respect to senior indebtedness was
426% and the Fund’s asset coverage ratio under the 1940 Act with
respect to total leverage was 336%.
As of July 31, 2021 Amount
(millions) Per Share
Investments
$
595.4
$
43.79
Cash and Cash Equivalents
3.5
0.25
Other Assets
13.7
1.01
Total Assets
$
612.6
$
45.05
Senior Notes*
$
73.3
$
5.39
Loans Outstanding*
70.0
5.15
Mandatory Redeemable Preferred Shares*
38.8
2.85
Total Leverage
$
182.1
$
13.39
Other Liabilities
$
1.5
$
0.11
Total Liabilities
$
1.5
$
0.11
Net Assets
$
429.0
$
31.55
Outstanding Shares
13,595,347
* The Fund's asset coverage ratio under the 1940 Act with
respect to senior indebtedness was 426%. * The Fund's asset
coverage ratio under the 1940 Act with respect to total leverage
was 336%. Top Ten Equity Holdings (as of July 31, 2021)**
Market Value Name (millions) % of Investments MPLX LP
$
49.6
8.3%
Enterprise Products Partners LP
$
47.4
8.0%
Williams Cos. Inc.
$
35.8
6.0%
Targa Resources Corp.
$
35.7
6.0%
ONEOK Inc.
$
34.2
5.7%
DCP Midstream LP
$
32.7
5.5%
Magellan Midstream Partners LP
$
30.7
5.2%
Energy Transfer LP
$
29.3
4.9%
Western Midstream Partners LP
$
29.0
4.9%
Enbridge Inc.
$
26.8
4.5%
$
351.2
59.0%
** Subject to change at any time *** Percent of Total Equity
Investments
ClearBridge MLP and Midstream 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 indirect, wholly-owned subsidiaries of Franklin Resources, Inc.
(“Franklin Resources”).
This financial data is unaudited.
The Fund files its semi-annual and annual reports with the
Securities and Exchange Commission (“SEC”), as well as its complete
schedule of portfolio holdings for the first and third quarters of
each fiscal year as an exhibit to its reports on Form N-PORT. These
reports are available on the SEC’s website at www.sec.gov. To
obtain information on Form N-PORT 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. Franklin Resources and its affiliates
do not engage in selling shares of the Fund.
Category: Financials
Source: Franklin Resources, Inc.
Source: Legg Mason Closed End Funds
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version on businesswire.com: https://www.businesswire.com/news/home/20210806005166/en/
Investor Contact: Fund Investor Services
1-888-777-0102
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