ClearBridge Energy MLP Fund Inc. Announces Unaudited Balance Sheet Information as of September 30, 2014

NEW YORK--()--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 September 30, 2014.

As of September 30, 2014, the Fund’s net assets were $2,150.6 million, and its net asset value per share was $31.02. The Fund’s asset coverage ratio under the Investment Company Act of 1940 (the “1940 Act”) with respect to total leverage was 523%.

     
As of September 30, 2014
   
 

Amount (millions)

Per Share

 
Investments $ 3,335.0 48.10
Cash and Cash Equivalents 7.3 0.11
Other Assets   19.5   0.28  
Total Assets $ 3,361.8 $ 48.49  
 
Senior Notes* $ 442.0 $ 6.37
Loan Outstanding*   60.0   0.87  
Total Leverage $ 502.0 $ 7.24  
 
Deferred Tax Liability $ 700.9 $ 10.11
Other Liabilities   8.3   0.12  
Total Liabilities $ 709.2 $ 10.23
   
Net Assets $ 2,150.6 $ 31.02  
 
Outstanding Shares 69,335,796
 
* The Fund's asset coverage ratio under the 1940 Act was 523%.

 

 
 
Top Ten Holdings (as of September 30, 2014)**
Market Value
Name     (millions) % of Investments ***
Enterprise Products Partners LP $ 273.6 8.2 %
Energy Transfer Equity LP 255.3 7.6 %
Kinder Morgan Management LLC Shares 221.8 6.6 %
Magellan Midstream Partners LP 199.0 6.0 %
Plains All American Pipeline LP 190.9 5.7 %
Targa Resources Partners LP 164.5 4.9 %
MarkWest Energy Partners LP 150.8 4.5 %
Buckeye Partners LP 137.2 4.1 %
Energy Transfer Partner LP 122.8 3.7 %
Access Midstream Partners LP   121.4   3.6 %
$ 1,837.3   54.9 %
 
**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 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.

Contacts

For ClearBridge Energy MLP Fund Inc.
Maria Rosati, 212-805-6036
mrosati@leggmason.com

Contacts

For ClearBridge Energy MLP Fund Inc.
Maria Rosati, 212-805-6036
mrosati@leggmason.com