ClearBridge MLP and Midstream Fund (NYSE: CEM) reported its unaudited financials as of August 31, 2021, revealing net assets of $412.1 million and a net asset value per share of $30.31. The fund's asset coverage ratio for senior debt is 415%, with total leverage coverage at 326%. Investments total $581.3 million, primarily in notable firms like MPLX LP and Enterprise Products Partners LP. The fund has outstanding shares numbering 13,595,347.
ClearBridge MLP and Midstream Fund Inc. (NYSE: CEM) reported its unaudited assets and liabilities as of July 31, 2021. The Fund's net assets were $429.0 million, with a net asset value per share at $31.55. It reported a robust asset coverage ratio of 426% for senior indebtedness and 336% for total leverage under the Investment Company Act of 1940. Total assets amounted to $612.6 million, highlighting investments of $595.4 million and cash equivalents of $3.5 million.
Legg Mason Partners Fund Advisor, LLC has declared monthly distributions for August 2021 for several closed-end funds. Key dates include:
- Record Date: 8/24/2021
- Ex-Dividend Date: 8/23/2021
- Payable Date: 8/31/2021
The funds involved are ClearBridge MLP and Midstream Fund (CEM) with $0.4800, ClearBridge Energy Midstream Opportunity Fund (EMO) with $0.3800, and ClearBridge MLP and Midstream Total Return Fund (CTR) with $0.4200. Distributions may be classified as dividend income or return of capital for tax purposes.
ClearBridge MLP and Midstream Fund reported its unaudited assets and liabilities for June 30, 2021, showing net assets of $465.2 million and a net asset value per share of $34.21. The Fund's asset coverage ratio for senior indebtedness was 452%, while total leverage coverage stood at 355%. Total assets were $649.2 million, with significant investments in firms like MPLX LP and Enterprise Products Partners LP, making up 58.9% of total equity investments. The financial data is unaudited and available on the SEC website.
ClearBridge MLP and Midstream Fund Inc. (NYSE: CEM) reported its unaudited statement of assets as of May 31, 2021, revealing net assets of $432.1 million and a net asset value per share of $31.78. The fund's asset coverage ratio was 478% for senior indebtedness and 344% for total leverage. Total assets reached $611.5 million with significant holdings including MPLX LP and Enterprise Products Partners LP. These figures emphasize the fund's financial stability despite market fluctuations.
ClearBridge MLP and Midstream Fund (NYSE: CEM) announced its financial status as of April 30, 2021. The Fund's net assets totaled $398.8 million, with a net asset value per share of $29.34. The asset coverage ratio for senior indebtedness was 499%, and 346% for total leverage, indicating strong financial health. The Fund also repurchased 114,231 shares, totaling $2.74 million.
Legg Mason Partners Fund Advisor announced May 2021 distributions for three closed-end funds: CEM, EMO, and CTR. The record date is set for May 21, 2021, while the ex-dividend date is May 20, 2021, with payments scheduled for May 28, 2021. CEM will distribute $0.4800, EMO will distribute $0.3800, and CTR will distribute $0.4200, reflecting increases of $0.0050, $0.0550, and $0.0200 respectively. The increased rates are aligned with the funds' cash flows. Distributions may be classified as dividend income or return of capital for tax.
ClearBridge MLP and Midstream Fund Inc. (CEM) reported its net assets at $370.5 million with a net asset value per share of $27.02 as of March 31, 2021. The fund's asset coverage ratio for senior debt was a robust 481%, while total leverage stood at 331%. Total assets reached $532.6 million, with significant investments in top equity holdings like MPLX LP and Enterprise Products Partners LP, accounting for 59.7% of total investments. During March, the fund repurchased 141,183 shares at $3.3 million.
ClearBridge MLP and Midstream Fund (CEM) reported its unaudited financials as of February 28, 2021. The Fund's net assets totaled $341.2 million, with a net asset value per share of $24.62. The asset coverage ratios stood at 528% for senior indebtedness and 342% for total leverage. Total assets were $484.0 million, while total liabilities were a mere $1.6 million. The Fund repurchased 62,025 shares for about $1.3 million during the month, indicating a proactive approach toward shareholder value.
ClearBridge MLP and Midstream Fund (NYSE: CEM) announced its unaudited assets and liabilities statement as of January 31, 2021. The Fund reported net assets of $312.6 million, with a net asset value per share of $22.47. Its asset coverage ratio for senior debt was 496%, and for total leverage, it was 321%. In January, the Fund repurchased 29,260 shares for approximately $553,714. This financial data is unaudited and available on the SEC’s website.