ClearBridge Energy MLP Fund Inc. (NYSE:CEM) announced today the
unaudited statement of assets and liabilities, the net asset value and
asset coverage ratio of the Fund as of October 31, 2014.
As of October 31, 2014, the Fund’s net assets were $2,070.6 million, and
its net asset value per share was $29.86. The Fund’s asset coverage
ratio under the Investment Company Act of 1940 (the “1940 Act”) with
respect to total leverage was 485%.
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As of October 31, 2014
|
|
|
|
|
|
Amount (millions)
|
|
Per Share
|
|
|
|
|
Investments
|
$
|
3,205.6
|
|
|
46.23
|
|
Cash and Cash Equivalents
|
|
37.4
|
|
|
0.54
|
|
Other Assets
|
|
46.9
|
|
|
0.67
|
|
Total Assets
|
$
|
3,289.9
|
|
$
|
47.44
|
|
|
|
|
|
Senior Notes*
|
$
|
442.0
|
|
$
|
6.37
|
|
Loan Outstanding*
|
|
90.0
|
|
|
1.30
|
|
Total Leverage
|
$
|
532.0
|
|
$
|
7.67
|
|
|
|
|
|
Deferred Tax Liability
|
$
|
654.0
|
|
$
|
9.43
|
|
Other Liabilities
|
|
33.3
|
|
|
0.48
|
|
Total Liabilities
|
$
|
687.3
|
|
$
|
9.91
|
|
|
|
|
|
Net Assets
|
$
|
2,070.6
|
|
$
|
29.86
|
|
|
|
|
|
Outstanding Shares
|
|
69,335,796
|
|
|
|
|
|
|
* The Fund's asset coverage ratio under the 1940 Act was 485%.
|
|
|
|
|
|
|
|
|
|
|
Top Ten Holdings (as of October 31, 2014)**
|
|
|
|
|
Market Value
|
|
|
Name
|
(millions)
|
|
% of Investments
|
Enterprise Products Partners LP
|
$
|
251.2
|
|
|
7.7
|
%
|
Energy Transfer Equity LP
|
|
242.3
|
|
|
7.5
|
%
|
Kinder Morgan Management LLC Shares
|
|
227.5
|
|
|
7.0
|
%
|
Magellan Midstream Partners LP
|
|
194.1
|
|
|
6.0
|
%
|
Plains All American Pipeline LP
|
|
183.3
|
|
|
5.7
|
%
|
Buckeye Partners LP
|
|
145.3
|
|
|
4.5
|
%
|
Targa Resources Partners LP
|
|
139.3
|
|
|
4.3
|
%
|
MarkWest Energy Partners LP
|
|
137.9
|
|
|
4.3
|
%
|
Energy Transfer Partner LP
|
|
124.0
|
|
|
3.8
|
%
|
Access Midstream Partners LP
|
|
119.2
|
|
|
3.7
|
%
|
|
$
|
1,764.1
|
|
|
54.5
|
%
|
|
|
|
|
**Subject to change at any time
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***Percent of Total Investments
|
|
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. (“Legg Mason”).
This financial data is unaudited.
The Fund files its semi-annual and annual reports
with the Securities and Exchange Commission, as well as its complete
schedule of portfolio holdings for the first and third quarters of each
fiscal year on Form N-Q. These reports are
available on the Commission’s website at www.sec.gov.
To obtain information on Form N-Q or a semi-annual
or annual report from the Fund, shareholders can call 1-888-777-0102.
For more information about the Fund, please call 1-888-777-0102 or
consult the Fund’s website at www.lmcef.com.
Hard copies of the Fund’s complete audited financial statements are
available free of charge upon request.
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.
Copyright Business Wire 2014