NEW YORK--(BUSINESS WIRE)--
ClearBridge Energy MLP Fund Inc. (NYSE: CEM) announces its portfolio composition as of March 31, 2018.
Investment Objective: The Fund seeks to provide a high level of total return with an emphasis on cash distributions.
Investment Strategy: The Fund seeks to achieve its objective by investing primarily in master limited partnerships (“MLPs”) in the energy sector. The Fund considers MLPs to be in the energy sector if they derive at least 50% of their revenues from the businesses of exploring, developing, producing, gathering, transporting, processing, storing, refining, distributing, mining or marketing natural gas, natural gas liquids (including propane), crude oil, refined petroleum products or coal.
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Portfolio Composition:* |
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Diversified Energy Infrastructure |
44.9% |
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Liquids Transportation & Storage |
26.3% |
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Gathering/Processing |
18.0% |
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Natural Gas Transportation & Storage |
5.7% |
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Refining |
3.1% |
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Propane |
1.5% |
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Shipping |
0.3% |
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Cash |
0.3% |
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Top 10 Holdings |
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| Enterprise Products Partners LP | 10.6% | |||
| Oneok Partners LP MLP | 7.2% | |||
| Energy Transfer Partners LP | 6.7% | |||
| Williams Partners LP | 5.5% | |||
| Magellan Midstream Partners LP | 5.3% | |||
| Genesis Energy LP | 4.7% | |||
| EnLink Midstream Partners LP | 4.3% | |||
| Targa Resources Corp. | 4.1% | |||
| Buckeye Partners LP | 4.0% | |||
| Brookfield Infrastructure | 3.8% | |||
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Portfolio Statistics: |
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Inception Date |
June 25, 2010 | |||
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Inception Price |
$20.00 | |||
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Total Assets |
$1,377,990,692 | |||
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Net Assets** |
$917,990,692 | |||
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Loans*** |
2.54% | |||
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Fixed Rate Notes*** |
26.85% | |||
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Reverse Repos*** |
0.0% | |||
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Preferred Shares*** |
3.99% | |||
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Market Price: |
$12.59 | |||
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NAV |
$13.04 | |||
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(Daily NAV is available on market quotation systems using the symbol XCEMX.) |
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Distribution Rate |
$ 0.355 per share | |||
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Frequency |
Quarterly (declared quarterly, paid quarterly) |
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| * | Portfolio holdings and weightings are historical and are presented here for informational purposes only. They are subject to change at any time. | |
| ** | The difference between total assets and net assets, if any, is due primarily to the Fund’s use of borrowings and other liabilities; net assets do not include borrowings. The Fund may employ leverage in the form of loans, preferred stock, reverse repurchase agreements and/or other instruments. When the Fund engages in transactions that have a leveraging effect on the Fund’s portfolio, the value of the Fund will be more volatile and all other risks will tend to be compounded. | |
| *** | Percentages are based on total assets. | |
ClearBridge Energy MLP Fund Inc. is a non-diversified, closed-end management investment company which is advised by Legg Mason Partners Fund Advisor, LLC (“LMPFA”) and subadvised by ClearBridge Investments, LLC (“ClearBridge”). LMPFA and ClearBridge are wholly owned subsidiaries of Legg Mason, Inc.
An investment in the Fund involves risk, including loss of principal. The Fund's concentration of investments in energy related MLPs subject it to the risks of investing in MLPs and the energy sector. Investment return and the value of shares will fluctuate.
Data and commentary provided in this press release are for informational purposes only. Legg Mason and its affiliates do not engage in selling shares of the Fund.
For more information, please call Fund Investor Services at 1-888-777-0102, or consult the Fund’s web site at http://www.lmcef.com. Hard copies of the Fund’s complete audited financial statements are available free of charge upon request.
FN1112198
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