ClearBridge MLP and Midstream Stock Price, News & Analysis

ClearBridge MLP and Midstream Fund Inc. (NYSE: CEM) disclosed its unaudited financial results as of October 31, 2022. The Fund reported net assets of $562.1 million and a net asset value per share of $41.78. The asset coverage ratio was strong, with a senior indebtedness ratio of 424% and total leverage at 351%. Investments totaled $769.4 million, while cash and cash equivalents stood at $5.3 million. The Fund holds 13,455,195 outstanding shares, highlighting its substantial market presence.

ClearBridge MLP and Midstream Fund (NYSE: CEM) released its unaudited asset statement for September 30, 2022. The fund's net assets were $477.9 million, with a net asset value per share of $35.52. Notably, the asset coverage ratio for senior indebtedness was 379%, while total leverage coverage stood at 313%. Investments totaled $666.7 million, and cash equivalents were $28.7 million. The fund's total liabilities were $2.9 million. The information is provided for investor reference, with complete reports available through the SEC.

ClearBridge MLP and Midstream Fund (NYSE: CEM) reported its unaudited financials as of August 31, 2022. The Fund’s net assets stand at $546.9 million, with a net asset value per share of $40.64. The asset coverage ratios are robust, with 416% for senior indebtedness and 344% for total leverage. Total assets are valued at $772.6 million, while total liabilities are minimal at $1.6 million, indicating a strong financial position for investors.

ClearBridge MLP and Midstream Fund (NYSE: CEM) reported its financial status as of July 31, 2022. The Fund's net assets totaled $540.5 million, with a net asset value per share of $40.17. Key metrics include an asset coverage ratio of 440% for senior indebtedness and 359% for total leverage under the Investment Company Act of 1940. Total investments were reported at $731.1 million. The Fund held 13,455,195 outstanding shares.

Legg Mason Partners Fund Advisor announced August 2022 distributions for closed-end funds including CEM, EMO, and CTR. Key dates are the record date of August 24, 2022, ex-dividend date of August 23, 2022, and payable date of August 31, 2022. The distributions are $0.6100 for CEM, $0.5100 for EMO, and $0.5300 for CTR, each reflecting a $0.0100 increase from previous distributions. According to Portfolio Manager Chris Eades, midstream industry fundamentals are improving, leading to accelerated free cash flow and expected higher dividend growth.

ClearBridge MLP and Midstream Fund (CEM), ClearBridge Energy Opportunity Fund (EMO), and ClearBridge MLP and Midstream Total Return Fund (CTR) have announced the amendment of their share repurchase programs. Each Fund is authorized to repurchase an additional 10% of outstanding common stock whenever shares trade below net asset value (NAV). This initiative aims to enhance shareholder value by canceling repurchased shares, thus increasing NAV for remaining shareholders. The Funds’ management will decide on repurchases without specific obligations on amount or discount levels.

ClearBridge MLP and Midstream Fund Inc. (NYSE: CEM) released its unaudited assets and liabilities statement for June 30, 2022. The Fund reported net assets of $466.7 million and a net asset value per share of $34.69. The asset coverage ratio for senior indebtedness was 377%, while the ratio for total leverage stood at 311%. Total investments amounted to $666.8 million, with cash equivalents of $13.7 million. The Fund has 13,455,195 outstanding shares.

ClearBridge MLP and Midstream Fund (CEM) reported its unaudited financials as of May 31, 2022. The Fund's net assets are $579.6 million, with a net asset value per share of $43.07. The asset coverage ratio for senior indebtedness stands at 404%, while total leverage is 339%. The Fund retired 54,000 shares for $1,849,624 during this period. Total assets reached $824.6 million against total liabilities of $2.9 million.

ClearBridge MLP and Midstream Fund (NYSE: CEM) reported its financial status as of April 30, 2022. The Fund's net assets reached $540.4 million, with a net asset value per share of $40.00. Its asset coverage ratios were significant, at 385% for senior indebtedness and 323% for total leverage. The Fund's investments totaled $751.9 million, with $18.6 million in cash. The report indicates a strong financial footing that could appeal to investors.