ClearBridge American Energy MLP Fund Inc. Announces Unaudited Balance Sheet Information as of April 30, 2018
May 07 2018 - 8:30AM
Business Wire
ClearBridge American Energy MLP Fund Inc. (NYSE:CBA) announced
today the unaudited statement of assets and liabilities, the net
asset value and asset coverage ratio of the Fund as of April 30,
2018.
As of April 30, 2018, the Fund’s net assets were $459.2 million,
and its net asset value per share was $7.84. The Fund’s asset
coverage ratio under the Investment Company Act of 1940 (the “1940
Act”) with respect to senior indebtedness was 347% and the Fund’s
asset coverage ratio under the 1940 Act with respect to total
leverage was 308%.
As of April 30, 2018
Amount
(millions)
Per
Share
Investments $ 664.9 $ 11.35 Cash and Cash Equivalents
10.2 $ 0.17 Other Assets 6.5 0.11 Total Assets
$ 681.6 $ 11.63 Senior Notes* $ 155.0 $ 2.64 Loans
Outstanding* 41.0 0.70 Mandatory Redeemable Preferred Shares*
25.0 0.43 Total Leverage $ 221.0 $ 3.77
Deferred Tax Liability - - Other Liabilities $ 1.4 $
0.02 Total Liabilities $ 1.4 $ 0.02 Net Assets
$ 459.2 $ 7.84 Outstanding Shares 58,592,799 *
The Fund's asset coverage ratio under the 1940 Act with respect to
senior indebtedness was 347%. * The Fund's asset coverage ratio
under the 1940 Act with respect to total leverage was 308%.
Top Ten Holdings (as of April 30, 2018)**
Market Value Name (millions) % of Investments *** Enterprise
Products Partners LP $ 60.4 8.9% Energy Transfer Partners LP $ 36.9
5.5% Cheniere Energy Partners LP $ 33.2 4.9% EnLink Midstream
Partners LP $ 32.0 4.7% Genesis Energy LP $ 31.1 4.6% Magellan
Midstream Partners LP $ 30.4 4.5% ONEOK, Inc. $ 30.1 4.5% Targa
Resources Corp. $ 26.9 4.0% Buckeye Partners LP $ 24.5 3.6% Plains
All American Pipeline LP $ 24.0 3.6% $ 329.5 48.8% **Subject
to change at any time ***Percent of Total Investments
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. (“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.
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For ClearBridge American Energy MLP Fund Inc.Fund
Investor Services, 1-888-777-0102
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