CBA Clearbridge American Energy Mlp Fund Inc. (delisted)

ClearBridge American Energy MLP Fund Inc. (NYSE: CBA) announces its portfolio composition as of September 30, 2018.

Investment Objective: The Fund seeks to provide a high level of total return, with an equal emphasis on current distributions and capital appreciation.

Investment Strategy: The Fund seeks to achieve its objective by investing primarily in US-based master limited partnerships (“MLPs”) in the energy sector. Initially, the Fund intends to focus its investments on MLPs that, in the Fund’s opinion, are poised to benefit from the growing production and usage of natural gas, while minimizing exposure to commodity price fluctuations. Energy entities are engaged in the business 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.

 

Portfolio Composition:*

Diversified Energy Infrastructure

39.0%

Gathering/Processing

23.5%

Liquids Transportation & Storage

22.1%

Natural Gas Transportation & Storage

9.0%

Propane

3.0%

Refining

1.7%

Shipping

0.7%

Cash

0.9%

 

Top 10 Holdings

Enterprise Products Partners LP 9.5% Energy Transfer Partners LP 7.2% EnLink Midstream Partners LP 5.6% Cheniere Energy Partners LP 5.5% Genesis Energy LP 4.8% Oneok Partners LP MLP NPV 4.6% Targa Resources Corp. 4.4% Magellan Midstream Partners LP 4.2% Plains All American Pipeline LP 3.5% Williams Partners LP 3.4%    

Portfolio Statistics:

 

Inception Date

 

June 26, 2013

Inception Price

 

$20.00

Total Assets

 

$733,017,996

Net Assets**

 

$497,017,996

Loans***

7.64%

Fixed Rate Notes***

21.15%

Reverse Repos***

0.0%

Preferred Shares***

3.41%  

Market Price:

 

$7.87

NAV

 

$8.48

(Daily NAV is available on market quotation systems using the symbol XCBAX.)  

Distribution Rate

$0.2000 per share

Frequency

 

Quarterly (declared quarterly, paid quarterly)

    * 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 American 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20181101005187/en/

For ClearBridge American Energy MLP Fund Inc.Fund Investor Services, 1-888-777-0102