ClearBridge MLP and Midstream Fund (NYSE:CEM) reported its unaudited financials as of March 31, 2022. The Fund's net assets totaled $554.8 million, with a net asset value per share of $41.07. The asset coverage ratio for senior debt stood at 415%, while total leverage coverage was at 344%. The Fund repurchased 30,000 shares in March for $955,955. This data is unaudited but showcases the Fund's financial stability.
Legg Mason Partners Fund Advisor announced the distribution details for its closed-end funds for May 2022. The distribution amounts are as follows: ClearBridge MLP and Midstream Fund (CEM) at $0.6000, ClearBridge Energy Midstream Opportunity Fund (EMO) at $0.5000, and ClearBridge MLP and Midstream Total Return Fund (CTR) at $0.5200. The record date for distributions is May 23, 2022, with an ex-dividend date of May 20, 2022, and a payable date of May 31, 2022. Portfolio Manager Chris Eades noted improving midstream industry fundamentals, indicating greater expected dividend growth.
ClearBridge MLP and Midstream Fund Inc. (NYSE: CEM) released its unaudited financial statements for the period ending February 28, 2022. The Fund reported net assets of $519.3 million and a net asset value per share of $38.35. Its asset coverage ratio for senior indebtedness stood at 476%, while total leverage was at 378%. Total assets reached $707.9 million, with investments amounting to $693.5 million. The Fund currently has 13,539,195 outstanding shares.
ClearBridge MLP and Midstream Fund Inc. (NYSE: CEM) reported its unaudited financials as of January 31, 2022. The Fund's net assets stood at $493.1 million, with a net asset value per share of $36.42. The asset coverage ratio for senior indebtedness was 459%, while total leverage was 364%. Key investments include MPLX LP and Energy Transfer LP. The total assets reached $681.7 million, with outstanding shares totaling 13,539,195.
Legg Mason Partners Fund Advisor announced monthly distributions for certain closed-end funds for February 2022. Key details include:
- CEM: $0.4900, up $0.0100
- EMO: $0.3900, up $0.0100
- CTR: $0.4300, up $0.0100
The record date is February 18, 2022, with an ex-dividend date of February 17, 2022, and payment on February 28, 2022. The increased distributions align with each Fund's cash flows and may have tax implications for investors.
ClearBridge MLP and Midstream Fund Inc. (NYSE: CEM) reported its unaudited financials as of December 31, 2021. The Fund's net assets totaled $436.0 million, with a net asset value per share of $32.21. The asset coverage ratio for senior indebtedness stood at 420% and for total leverage at 333%. Total assets were valued at $624.9 million, while total liabilities were reported at $1.8 million. The Fund holds investments worth $601.0 million and outstanding shares number 13,539,195.
ClearBridge MLP and Midstream Fund (NYSE: CEM) reported its unaudited assets as of November 30, 2021. The Fund's net assets totaled $421.9 million, with a net asset value per share of $31.16. Its asset coverage ratio for senior indebtedness was 411%, while the total leverage ratio stood at 325%. During the month, the Fund repurchased and retired 56,152 shares for $1,651,437. The Fund aims to deliver returns through a focus on midstream investments and is advised by Legg Mason Partners Fund Advisor.
ClearBridge MLP and Midstream Fund Inc. (NYSE: CEM) reported its unaudited financial statement as of October 31, 2021. The Fund holds net assets of $473.1 million and a net asset value per share of $34.80. The asset coverage ratio for senior debt stands at 445%, and total leverage coverage is at 353%. Investments total $641.6 million, with cash and equivalents at $7 million. The Fund comprises 13,595,347 outstanding shares.
Legg Mason Partners Fund Advisor announced the distributions for several closed-end funds for November 2021. The key dates include:
- Record Date: 11/22/2021
- Ex-Dividend Date: 11/19/2021
- Payable Date: 11/30/2021
The funds and their respective distribution amounts are:
- CEM: $0.4800
- EMO: $0.3800
- CTR: $0.4200
Distributions may be classified for tax purposes as either dividend income or return of capital.
ClearBridge MLP and Midstream Fund Inc. (NYSE: CEM) released its unaudited financial data as of September 30, 2021. The Fund reported net assets of $436.6 million and a net asset value per share of $32.12. Its asset coverage ratios stood at 432% for senior indebtedness and 340% for total leverage, indicating a strong leverage position. The total assets amounted to $639.4 million, with investments valued at $606.0 million. The Fund continues to be managed by Legg Mason Partners Fund Advisor, LLC and ClearBridge Investments, LLC.