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ClearBridge MLP and Midstream Fund Inc. (NYSE: CEM) reported its financial status as of
ClearBridge MLP and Midstream Fund Inc. (NYSE: CEM) reported its unaudited financials as of February 28, 2023. The Fund's net assets stood at
ClearBridge MLP and Midstream Fund reported its unaudited assets and liabilities as of
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.