Clearbridge MLP and Midstream Fund Inc (N:CEM)
Business Focus: Closed End Funds
Mixed as of April 01, 2024
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Insider Filings
Latest 10 SEC Form 4 filings for CEM*US within the last 6 months
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Company News
Apr 17, 2024 08:00 ET
ClearBridge MLP and Midstream Fund Inc. Announces Results of Annual Meeting of Stockholders
ClearBridge MLP and Midstream Fund Inc. (the “Fund”) (NYSE: CEM) announced today the results of the votes cast at the Fund’s annual meeting of stockholders held April 12, 2024.
Apr 05, 2024 08:00 ET
ClearBridge MLP and Midstream Fund Inc. Announces Unaudited Balance Sheet Information as of March 31, 2024
ClearBridge MLP and Midstream 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 March 31, 2024.
Valuation Ratios
Industry
Sector
Beta
2.21
--
--
Price to Sales - TTM
35.83
9.61
3.57
Price to Book - most recent quarter
0.99
0.91
1.28
Price to Cash Flow per share - TTM
--
12.07
11.71
Price to Free Cash Flow per share - TTM
--
17.46
15.10
Business Summary
| Sector: Financials | Industry: Closed End Funds |
ClearBridge MLP and Midstream Fund Inc. (the Fund) is a non-diversified, closed-end management investment company. The Fund's investment objective is to provide a high level of total return with an emphasis on cash distributions. The Fund seeks to achieve its objective by investing primarily in energy master limited partnerships (MLPs) and energy midstream entities. 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, fractionating, transporting, processing, storing, refining, distributing, mining or marketing natural gas, natural gas liquids (including propane), crude oil and refined petroleum products or coal. The Fund may also invest up to 20% of its managed assets in other securities that are not MLPs or midstream entities. The Fund's investment manager is Legg Mason Partners Fund Advisor, LLC and ClearBridge Investments, LLC is the Fund's sub adviser.
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