Company News »

ClearBridge Energy MLP Fund Inc. Announces Unaudited Balance Sheet Information as of January 31, 2015

Business Wire
Share on StockTwits
Published on

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 January 31, 2015.

As of January 31, 2015, the Fund’s net assets were $1,910.3 million, and its net asset value per share was $27.55. The Fund’s asset coverage ratio under the Investment Company Act of 1940 (the “1940 Act”) with respect to total leverage was 393%.

As of January 31, 2015

Amount (millions)

Per Share

Investments $ 3,099.0 $ 44.70
Cash and Cash Equivalents 5.5 0.08
Other Assets 31.3 0.45
Total Assets $ 3,135.8 $ 45.23
Senior Notes* $ 442.0 $ 6.37
Loan Outstanding* 165.0 2.38
Mandatory Redeemable Preferred Shares* 42.0 0.61
Total Leverage $ 649.0 $ 9.36
Deferred Tax Liability $ 571.2 $ 8.24
Other Liabilities 5.3 0.08
Total Liabilities $ 576.5 $ 8.32
Net Assets $ 1,910.3 $ 27.55
Outstanding Shares 69,335,796
* The Fund’s asset coverage ratio under the 1940 Act was 393%.

Top Ten Holdings (as of January 31, 2015)**
Market Value
Name (millions) % of Investments ***
Energy Transfer Equity LP $ 246.7 7.9%
Kinder Morgan Inc. 243.9 7.9%
Enterprise Products Partners LP 234.5 7.6%
Magellan Midstream Partners LP 183.8 5.9%
Plains All American Pipeline LP 161.3 5.2%
MarkWest Energy Partners LP 154.3 5.0%
Buckeye Partners LP 140.3 4.5%
Enbridge Energy Partners LP 128.8 4.1%
Energy Transfer Partners LP 118.2 3.8%
Brookfield Infrastructure Partners LP 116.5 3.8%
$ 1,728.3 55.7%
**Subject to change at any time
***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 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 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