ClearBridge MLP and Midstream Stock Price, News & Analysis

ClearBridge MLP and Midstream Fund Inc. (NYSE: CEM) reported its financial status as of March 31, 2023. The Fund's total net assets reached $514.9 million, with a net asset value per share of $38.73. The asset coverage ratio for senior indebtedness stood at 398%, while total leverage ratio was 306% under the Investment Company Act of 1940. The Fund's investments totaled $755.6 million, with cash and equivalents of $5.4 million and other assets at $6.2 million. Furthermore, the Fund repurchased 26,000 common shares in the open market for $868,245 during March 2023. This financial statement is unaudited and aims to provide a clear picture of the Fund's financial health and investment strategy.

ClearBridge MLP and Midstream Fund Inc. (NYSE: CEM) reported its unaudited financials as of February 28, 2023. The Fund's net assets stood at $525.5 million, with a net asset value (NAV) per share of $39.45. Its asset coverage ratio for senior indebtedness was a robust 403%, while the total leverage ratio was 310%. Total assets reached $777.1 million, with investments worth $764.3 million. Cash and cash equivalents were noted at $6.2 million. The total liabilities amounted to $1.9 million. These metrics demonstrate a solid financial position for the Fund, providing a strong backdrop for ongoing investment strategies.

ClearBridge MLP and Midstream Fund reported its unaudited assets and liabilities as of January 31, 2023. The Fund’s net assets reached $557.8 million, equating to a net asset value per share of $41.87. It boasted an asset coverage ratio of 420% for senior indebtedness and 323% for total leverage, indicating a strong position relative to its debt obligations. The Fund's total investments amounted to $791.6 million, with cash and cash equivalents at $4.4 million.

This financial data, which is unaudited, highlights the Fund's robust asset management as it aims to provide long-term returns to its investors.

Legg Mason Partners Fund Advisor, LLC announced the distribution declarations for certain closed-end funds for February 2023. 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 are: Record Date: 2/21/2023, Ex-Dividend Date: 2/17/2023, and Payable Date: 2/28/2023. Each fund will distribute $0.6300 (CEM), $0.5300 (EMO), and $0.5500 (CTR), each with a $0.0100 increase from their previous distributions. These distributions may have tax implications, and stockholders will receive Form 1099-DIV in early 2024 for tax reporting.

ClearBridge MLP and Midstream Fund (NYSE: CEM) reported its net assets at $521.5 million and a net asset value per share of $39.15 as of December 31, 2022. The Fund's asset coverage ratios indicate strong leverage positions, with 404% for senior debt and 304% for total leverage. Investments totaled $746.3 million, with a cash reserve of $25.9 million. During December, the Fund repurchased 135,000 shares for $4.47 million. This financial report is unaudited and highlights the Fund's robust performance and strategic asset management.

ClearBridge MLP and Midstream Fund (NYSE: CEM) reported its unaudited financials as of November 30, 2022, highlighting net assets of $571.5 million and a net asset value per share of $42.47. The Fund's asset coverage ratio for senior indebtedness was an impressive 443%, while total leverage stood at 329%. The Fund's total assets amounted to $823.3 million, with $796.4 million in investments and $19.1 million in cash. With 13,455,195 outstanding shares, the financial metrics reflect a stable position in the market.

ClearBridge MLP and Midstream Fund Inc. (CEM), ClearBridge Energy Midstream Opportunity Fund Inc. (EMO), and ClearBridge MLP and Midstream Total Return Fund Inc. (CTR) announced successful private placements of Mandatory Redeemable Preferred Stock (MRPS) on November 17, 2022, raising capital for corporate purposes and refinancing existing leverage. Key offerings include Series L and M for CEM and EMO, totaling approximately $15 million and $17 million, respectively, with rates of 7.12% and 7.28%. CTR issued Series E, raising $11 million at a 7.12% rate, maturing in 2029 and 2032.