ClearBridge American Energy MLP Fund Inc. Announces Unaudited Balance Sheet Information as of December 31, 2017
08 Januar 2018 - 2:30PM
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 December 31,
2017.
As of December 31, 2017, the Fund’s net assets were $507.6
million, and its net asset value per share was $8.66. The Fund’s
asset coverage ratio under the Investment Company Act of 1940 (the
“1940 Act”) with respect to senior indebtedness was 366% and the
Fund’s asset coverage ratio under the 1940 Act with respect to
total leverage was 326%.
As of December 31, 2017 Amount
(millions) Per Share Investments $ 728.3
$ 12.44 Cash and Cash Equivalents 5.5 $ 0.09 Other Assets
1.2 0.02 Total Assets $ 735.0 $ 12.55
Senior Notes* $ 155.0 $ 2.65 Loans Outstanding* 45.0 0.77 Mandatory
Redeemable Preferred Shares* 25.0 0.43 Total
Leverage $ 225.0 $ 3.85 Deferred Tax Liability - -
Other Liabilities $ 2.4 $ 0.04 Total Liabilities $ 2.4 $
0.04 Net Assets $ 507.6 $ 8.66
Outstanding Shares 58,592,799 * The Fund's asset coverage
ratio under the 1940 Act with respect to senior indebtedness was
366%. * The Fund's asset coverage ratio under the 1940 Act with
respect to total leverage was 326%. Top Ten Holdings (as of
December 31, 2017)** Market Value Name (millions) %
of Investments
***
Enterprise Products Partners LP $ 61.5 8.4 % Energy Transfer
Partners LP $ 36.7 5.0 % Magellan Midstream Partners LP $ 35.5 4.8
% Enlink Midstream Partners LP $ 34.1 4.6 % Buckeye Partners LP $
34.0 4.6 % Cheniere Energy Partners LP $ 33.6 4.6 % Genesis Energy
LP $ 31.7 4.3 % ONEOK, Inc. $ 29.9 4.1 % Targa Resources Corp $
29.1 4.0 % Tc Pipelines LP $ 28.4 3.9 % $ 354.5 48.3
% **Subject to change at any time ***Percent of Total
Investments
The new tax reform legislation, H.R.1, which was signed into law
on December 22, 2017, reduces the statutory U.S. federal income tax
rate applicable to corporations, such as the Fund, from 35% to 21%.
In light of this change, the Fund adjusted its deferred tax asset
balance and offsetting valuation allowance to reflect updated
assumptions regarding effective tax rates on December 22, 2017,
resulting in no change to the net asset value per share.
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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20180108005240/en/
For ClearBridge American Energy MLP Fund Inc.Maria Rosati,
212-805-6036mrosati@leggmason.com
ClearBridge American Energy MLP (NYSE:CBA)
Historical Stock Chart
Von Mai 2024 bis Jun 2024
ClearBridge American Energy MLP (NYSE:CBA)
Historical Stock Chart
Von Jun 2023 bis Jun 2024