ClearBridge American Energy MLP Fund Inc. Announces Unaudited Balance Sheet Information as of April 30, 2015

NEW YORK--()--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 April 30, 2015.

As of April 30, 2015, the Fund’s net assets were $1,038.4 million, and its net asset value per share was $17.82. The Fund’s asset coverage ratio under the Investment Company Act of 1940 (the “1940 Act”) with respect to total leverage was 396%.

As of April 30, 2015
 

Amount (millions)

   

Per Share

 
Investments $ 1,412.4 $ 24.23
Cash and Cash Equivalents 14.0 0.24
Other Assets   7.6   0.13  
Total Assets $ 1,434.0 $ 24.60  
 
Senior Notes* $ 275.0 $ 4.72
Loans Outstanding*   75.0 $ 1.29  
Total Leverage $ 350.0 $ 6.01  
 
Deferred Tax Liability 29.4 0.50
Other Liabilities $ 16.2 $ 0.27  
Total Liabilities $ 45.6 $ 0.77
   
Net Assets $ 1,038.4 $ 17.82  
 
Outstanding Shares 58,289,007
 
* The Fund's asset coverage ratio under the 1940 Act was 396%.
 
 
Top Ten Holdings (as of April 30, 2015)**
Market Value
Name (millions) % of Investments

***

Energy Transfer Partners LP $ 175.7 12.3 %
Buckeye Partners LP 106.2 7.4 %
Enbridge Energy Partners LP 92.9 6.5 %
MarkWest Energy Partners LP 91.7 6.4 %
Enterprise Products Partners LP 90.6 6.4 %
Kinder Morgan Inc. 81.0 5.7 %
Brookfield Infrastructure Partners LP 76.7 5.4 %
Williams Partners LP 68.5 4.8 %
Oneok Partners LP 60.7 4.3 %
Targa Resources Partners LP   58.2   4.1 %
$ 902.2   63.3 %
 
**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.

Contacts

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

Contacts

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