ClearBridge MLP and Midstream Fund Inc. Announces Unaudited Balance Sheet Information as of July 31, 2023
07 Août 2023 - 2:00PM
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,
2023.
As of July 31, 2023, the Fund’s net assets were $578.2 million,
and its net asset value per share was $43.49. The Fund’s asset
coverage ratio under the Investment Company Act of 1940 (the “1940
Act”) with respect to senior indebtedness was 419% and the Fund’s
asset coverage ratio under the 1940 Act with respect to total
leverage was 325%.
As of July 31, 2023
Amount
(millions)
Per
Share
Investments
$
818.2
$
61.54
Cash and Cash Equivalents
9.9
0.74
Other Assets
12.1
0.91
Total Assets
$
840.2
$
63.19
Senior Notes*
$
45.0
$
3.38
Loans Outstanding*
154.5
11.62
Mandatory Redeemable Preferred Shares*
57.4
4.32
Total Leverage
$
256.9
$
19.32
Other Liabilities
$
5.1
$
0.38
Total Liabilities
$
5.1
$
0.38
Net Assets
$
578.2
$
43.49
Outstanding Shares
13,294,195
* The Fund's asset coverage ratio under the 1940 Act with
respect to senior indebtedness was 419%. * The Fund's asset
coverage ratio under the 1940 Act with respect to total leverage
was 325%. Top Ten Equity Holdings (as of July 31, 2023)** Market
Value Name (millions) % of Investments *** MPLX LP
$ 68.2
8.3%
Energy Transfer LP
$ 66.7
8.2%
Enterprise Products Partners LP
$ 65.7
8.0%
Western Midstream Partners LP
$ 60.2
7.4%
Magellan Midstream Partners LP
$ 57.1
7.0%
Targa Resources Corp.
$ 47.8
5.8%
Williams Cos. Inc.
$ 43.8
5.3%
Plains All American Pipeline LP
$ 42.5
5.2%
Plains GP Holdings LP
$ 42.3
5.2%
ONEOK Inc.
$ 38.8
4.7%
$ 533.1
65.1%
** 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.franklintempleton.com/investments/options/closed-end-funds.
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/20230807076179/en/
Investors: Fund Investor Services 1-888-777-0102
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