Company News »

ClearBridge American Energy MLP Fund Inc. Announces Unaudited Balance Sheet Information as of October 31, 2014

Business Wire
Share on StockTwits
Published on

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 October 31, 2014.

As of October 31, 2014, the Fund’s net assets were $1,130.9 million, and its net asset value per share was $19.40. The Fund’s asset coverage ratio under the Investment Company Act of 1940 (the “1940 Act”) with respect to total leverage was 399%.

As of October 31, 2014
Amount (millions) Per Share
Investments $ 1,515.3 $ 26.00
Cash and Cash Equivalents 46.5 0.80
Other Assets 12.1 0.20
Total Assets $ 1,573.9 $ 27.00
Senior Notes* $ 275.0 $ 4.72
Loans Outstanding* 102.0 $ 1.75
Total Leverage $ 377.0 $ 6.47
Deferred Tax Liability 63.0 1.08
Other Liabilities $ 3.0 $ 0.05
Total Liabilities $ 66.0 $ 1.13
Net Assets $ 1,130.9 $ 19.40
Outstanding Shares 58,289,007
* The Fund’s asset coverage ratio under the 1940 Act was 399%.
Top Ten Holdings (as of October 31, 2014)**
Market Value
Name (millions) % of Investments ***
Energy Transfer Partners LP $ 143.4 9.2 %
Buckeye Partners LP 98.1 6.3 %
Enterprise Products Partners LP 97.6 6.3 %
Regency Energy Partners LP 93.1 6.0 %
Enbridge Energy Partners LP 90.2 5.8 %
Kinder Morgan Management LLC 86.4 5.5 %
Williams Partners LP 82.5 5.3 %
Targa Resources Partners LP 78.2 5.0 %
Oneok Partners LP 73.9 4.7 %
Brookfield Infrastructure Partners LP 70.8 4.5 %
$ 914.2 58.6 %
**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.

Share on StockTwits