Business & Finance
Business and Finance
Business and Finance
Wed, September 8, 2010
Tue, September 7, 2010 ClearBridge Energy MLP Fund Inc. as of August 31, 2010
NEW YORK--([ BUSINESS WIRE ])--ClearBridge Energy MLP Fund Inc. (NYSE: CEM) announces its portfolio composition as of August 31, 2010.
Investment Objective: The Fund seeks to provide a high level of total return with an emphasis on cash distributions.
Investment Strategy: The Fund seeks to achieve its objective by investing primarily in master limited partnerships (aMLPsa) in the energy sector. The Fund considers MLPs to be in the energy sector if they derive at least 50% of their revenues from the businesses 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.
Portfolio Composition:* | ||||||||||||||||
Pipeline MLPs | 36.0% | |||||||||||||||
Refined Products/Terminal MLPs | 20.1% | |||||||||||||||
Processing MLPs | 16.0% | |||||||||||||||
Exploration & Production MLPs | 9.2% | |||||||||||||||
General Partners | 7.7% | |||||||||||||||
Marine MLPs | 4.2% | |||||||||||||||
Propane MLPs | 2.7% | |||||||||||||||
Miscellaneous | 1.7% | |||||||||||||||
Cash | 2.4% | |||||||||||||||
Top 10 Holdings | ||||||||||||||||
Enterprise Products Partners Ltd | 10.7% | |||||||||||||||
Linn Energy LLC Units Unit NPV | 9.2% | |||||||||||||||
Kinder Morgan Energy Partners Ltd | 7.5% | |||||||||||||||
Magellan Midstream Partners Ltd | 6.5% | |||||||||||||||
Energy Transfer Partners LP Ltd | 6.0% | |||||||||||||||
Chesapeake Midstream Partner Ltd | 5.8% | |||||||||||||||
Energy Transfer Equity LP Ltd | 5.5% | |||||||||||||||
Teekay LNG Partners LP Ltd | 4.2% | |||||||||||||||
Plains All Amer Pipeline LP Ltd | 3.1% | |||||||||||||||
Oneok Partners LP | 3.0% | |||||||||||||||
Portfolio Statistics: | ||||||||||||||||
Inception Date | June 24, 2010 | |||||||||||||||
Inception Price | $20.00 | |||||||||||||||
Total Assets | $1,493,891,042 | |||||||||||||||
Net Assets** | $1,213,891,042 | |||||||||||||||
Loans*** | 18.74% | |||||||||||||||
Preferred Shares*** | 0.00% | |||||||||||||||
Reverse Repos*** | 0.00% | |||||||||||||||
Market Price: | $20.01 | |||||||||||||||
NAV | $19.03 | |||||||||||||||
| (Daily NAV is available on market quotation systems using the symbol XCEMX.) | ||||||||||||||||
Distribution Rate | $ 0.3500 per share | |||||||||||||||
Frequency Quarterly | (declared quarterly, paid quarterly) | |||||||||||||||
* | Portfolio holdings and weightings are historical and are presented here for informational purposes only. They are subject to change at any time. | |||||||||||||||
** | The difference between total assets and net assets, if any, is due primarily to the Funda™s use of borrowings and other liabilities; net assets do not include borrowings. The Fund may employ leverage in the form of loans, preferred stock, reverse repurchase agreements and/or other instruments. When the Fund engages in transactions that have a leveraging effect on the Funda™s portfolio, the value of the Fund will be more volatile and all other risks will tend to be compounded. | |||||||||||||||
*** | Percentages are based on total assets. | |||||||||||||||
ClearBridge Energy MLP Fund Inc. is a non-diversified, closed-end management investment company which is advised by Legg Mason Partners Fund Advisor, LLC (aLMPFAa) and subadvised by ClearBridge Advisors, LLC (aClearBridgea). LMPFA and ClearBridge are wholly owned subsidiaries of Legg Mason, Inc.
An investment in the Fund involves risk, including loss of principal. The Fund's concentration of investments in energy related MLPs subject it to the risks of investing in MLPs and the energy sector. Investment return and the value of shares will fluctuate.
For more information, please call Investor Relations: 888-777-0102, or consult the Funda™s web site at [ www.leggmason.com/investorservices ].
FN1011788
