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Security Profile
- Security Type
- Closed-End Fund
- CUSIP
- 184692200 (prev. 184692101 )
- Market Cap
- Large Cap
- IPO
- 6/25/2010 · $20.00/share
Fund Description: ClearBridge Energy MLP Fund, Inc. is an exchange-traded closed-end fund or a closed-end ETF which is officially described in its prospectus as a non-diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The Fund’s investment objective is to provide a high level of total return with an emphasis on cash distributions. FUND STRATEGY: The Fund seeks to achieve its objective by investing primarily in master limited partnerships (“MLPs”) in the energy sector. Under normal market conditions, the Fund will invest at least 80% of its managed assets in MLPs in the energy sector. For purposes of the 80% policy, the Fund considers investments in MLPs to include investments that offer economic exposure to public and private MLPs in the form of equity securities of MLPs, securities of entities holding primarily general partner or managing member interests in MLPs, securities that are derivatives of interests in MLPs, including I-Shares, and debt securities of MLPs. The Fund considers an entity to be within the energy sector if it derives at least 50% of its revenues from 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. The Fund intends to invest in MLPs only if such MLPs are taxed as partnerships for U.S. federal income tax purposes. FUND MANAGEMENT: Legg Mason Partners Fund Advisor LLC, the Fund’s investment manager, supervises the day-to-day management of the Fund’s portfolio by ClearBridge Advisors, LLC and provides administrative and management services to the Fund.
Notes: July 28, 2020 -- ClearBridge MLP and Midstream Fund Inc. (NYSE: CEM), ClearBridge Energy Midstream Opportunity Fund Inc. (NYSE: EMO) and ClearBridge MLP and Midstream Total Return Fund Inc. (NYSE: CTR) (each a “Fund” and together, the “Funds”) announced today that the previously disclosed 1-for-5 reverse stock split for each Fund, as outlined below, will be executed prior to the open of trading on the New York Stock Exchange (the “NYSE”) today, July 28, 2020. Each Fund’s common stock will begin trading on a split-adjusted basis under their current symbols, but with new CUSIP numbers.
Company Contact
- CEO
- R. Jay Gerken CFA
- PFO
- Richard F. Sennett
- Headquarters
- 100 International Drive, Baltimore, MD 21202-1099
- Phone
- 877-534-4627 · Toll-Free 877-534-4627
- Investor Relations
- 877-534-4627