Legg Mason Partners Fund Advisor, LLC announced the distributions for February 2021 for several closed-end funds. Key dates include the record date of 2/19/2021, ex-dividend date of 2/18/2021, and payable date of 2/26/2021. The funds include:
- CEM: $0.4750, no change from previous distribution.
- EMO: $0.3250, no change from previous distribution.
- CTR: $0.4000, no change from previous distribution.
The distributions may involve dividend income, return of capital, or both for tax purposes.
ClearBridge MLP and Midstream Fund (NYSE: CEM) reported its unaudited financials as of December 31, 2020. The Fund's net assets total $292.2 million, with a net asset value per share of $20.96. Asset coverage ratios indicate strong financial health: 556% for senior indebtedness and 323% for total leverage. Total assets are reported at $425.2 million, while total liabilities are just $1.9 million. The top ten equity holdings constitute 61.5% of investments, underlining a concentrated investment strategy.
Legg Mason Partners Fund Advisor announced the distribution declarations for certain closed-end funds for November 2020. The ClearBridge MLP and Midstream Fund (CEM) will distribute $0.475 per share, with a record date of November 20, 2020, and an ex-dividend date of November 19, 2020. The payments are scheduled for November 30, 2020. Other funds include ClearBridge Energy Midstream Opportunity Fund (EMO) at $0.325 and ClearBridge MLP and Midstream Total Return Fund (CTR) at $0.400. Distributions may affect tax reporting, with Forms 1099-DIV sent in early 2021.
ClearBridge MLP and Midstream Fund (NYSE: CEM) reported its unaudited assets and liabilities as of October 31, 2020. The fund has net assets of $213.7 million and a net asset value per share of $15.33. Key metrics include an asset coverage ratio of 453% for senior indebtedness and 263% for total leverage. Total assets amount to $357.1 million, with investments valued at $327.6 million. Major equity holdings include Enterprise Products Partners LP and MPLX LP. The data is unaudited and intended for informational purposes.