CEM
NYSEClearBridge MLP and Midstream Fund Inc.
Latest news
25 items- PRClearBridge Energy Midstream Opportunity Fund Inc. (EMO) Announces Increased Distributions and Changes to Monthly PaymentsClearBridge Energy Midstream Opportunity Fund Inc. (EMO) announced today its distribution payment frequency will change from quarterly to monthly payments beginning in September 2024. Additionally, EMO declared a monthly distribution of $0.33 per share for September, October and November. The new distribution is the equivalent of $0.99 per quarter, representing an increase of 48% from the prior quarter's distribution. The investment manager and the Board of Directors believe higher regular monthly distributions can enhance shareholder total returns and may have a positive impact on the Fund's discount to its net asset value (NAV). The following dates apply to the distribution schedule bel
- INSIDERLarge owner Prudential Financial Inc disposed of $16,000,000 worth of Series I Mandatory Redeemable Preferred Stock (160 units at $100,000.00) and disposed of $10,000,025 worth of Series M Mandatory Redeemable Preferred Stock (285,715 units at $35.00) (SEC Form 4)4 - ClearBridge MLP & Midstream Fund Inc. (0001488775) (Issuer)
- SECSEC Form N-8F filed by ClearBridge MLP and Midstream Fund Inc.N-8F - ClearBridge MLP & Midstream Fund Inc. (0001488775) (Filer)
- SECSEC Form 25-NSE filed by ClearBridge MLP and Midstream Fund Inc.25-NSE - ClearBridge MLP & Midstream Fund Inc. (0001488775) (Subject)
- PRClearBridge Energy Midstream Opportunity Fund Inc. Announces Completion of Mergers and Share Conversion PricesClearBridge Energy Midstream Opportunity Fund Inc. (NYSE:EMO) today announced the completion of the mergers of ClearBridge MLP and Midstream Fund Inc. (NYSE:CEM) and ClearBridge MLP and Midstream Total Return Fund Inc. (NYSE:CTR) and together with EMO, the "Funds" or each, a "Fund") with and into EMO (the "Mergers"). Effective before markets open on Monday, September 9, 2024, CEM and CTR stockholders became EMO stockholders. Each share of common stock of CEM and CTR, par value $0.001 per share, converted into an equivalent dollar amount (to the nearest $0.001) of full shares of common stock of EMO, based on the net asset value of each Fund on the business day preceding the Mergers. EMO wil
- PRClearBridge MLP and Midstream Fund Inc. Announces Unaudited Balance Sheet Information as of August 31, 2024ClearBridge 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 August 31, 2024. As of August 31, 2024, the Fund's net assets were $397.3 million, and its net asset value per share was $53.07. The Fund's asset coverage ratio under the Investment Company Act of 1940 (the "1940 Act") with respect to senior indebtedness was 653% and the Fund's asset coverage ratio under the 1940 Act with respect to total leverage was 385%. As of August 31, 2024 Amount (millions) Per Share Investments $ 512.0 $ 68.39 Cash and Cash Equiv
- SECSEC Form N-PX filed by ClearBridge MLP and Midstream Fund Inc.N-PX - ClearBridge MLP & Midstream Fund Inc. (0001488775) (Filer)
- PRClearBridge Midstream Funds Announce Merger Timing UpdateClearBridge Energy Midstream Opportunity Fund Inc. (NYSE:EMO), ClearBridge MLP and Midstream Fund Inc. (NYSE:CEM) and ClearBridge MLP and Midstream Total Return Fund Inc. (NYSE:CTR) (individually, a "Fund" and collectively, the "Funds") today announced updated timing for the mergers of CEM and CTR with and into EMO (the "Mergers" or each, a "Merger"). Currently, it is anticipated that the Mergers will be effective before markets open on or about Monday, September 9, 2024, subject to all regulatory requirements and customary closing conditions being satisfied. As previously announced on January 26, 2024, each Fund's Board of Directors approved the Mergers. On May 20, 2024, EMO, CEM and C
- PRClearBridge MLP and Midstream Fund Inc. Announces Unaudited Balance Sheet Information as of July 31, 2024ClearBridge 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 July 31, 2024. As of July 31, 2024, the Fund's net assets were $391.0 million, and its net asset value per share was $52.23. The Fund's asset coverage ratio under the Investment Company Act of 1940 (the "1940 Act") with respect to senior indebtedness was 646% and the Fund's asset coverage ratio under the 1940 Act with respect to total leverage was 380%. As of July 31, 2024 Amount (millions) Per Share Investments $ 504.6 $ 67.40 Cash and Cash Equivalents
- PRFranklin Templeton Fund Adviser, LLC Announces Distributions for the Month of August 2024Franklin Templeton Fund Adviser, LLC announced today that certain closed end funds have declared their distributions for the month of August 2024. The following dates apply to the distribution schedule below: Month Record Date Ex-Dividend Date Payable Date August 8/14/2024 8/14/2024 8/30/2024 Ticker Fund Name Amount Change from Previous Distribution CEM ClearBridge MLP and Midstream Fund Inc. $0.7700 — EMO ClearBridge Energy Midstream Opportunity Fund Inc. $0.6700 — CTR ClearBridge MLP and Midstream Total Return Fund Inc.
- SECSEC Form N-CSRS filed by ClearBridge MLP and Midstream Fund Inc.N-CSRS - ClearBridge MLP & Midstream Fund Inc. (0001488775) (Filer)
- PRClearBridge MLP and Midstream Fund Inc. Announces Unaudited Balance Sheet Information as of June 30, 2024ClearBridge 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 June 30, 2024. As of June 30, 2024, the Fund's net assets were $381.0 million, and its net asset value per share was $50.89. The Fund's asset coverage ratio under the Investment Company Act of 1940 (the "1940 Act") with respect to senior indebtedness was 635% and the Fund's asset coverage ratio under the 1940 Act with respect to total leverage was 373%. As of June 30, 2024 Amount (millions) Per Share Investments $ 493.2 $ 65.88 Cash and Cas
- 13D/GAmendment: SEC Form SC 13D/A filed by ClearBridge MLP and Midstream Fund Inc.SC 13D/A - ClearBridge MLP & Midstream Fund Inc. (0001488775) (Subject)
- INSIDERSEC Form 4 filed by Large owner Saba Capital Management, L.P.4 - ClearBridge MLP & Midstream Fund Inc. (0001488775) (Issuer)
- PRClearBridge MLP And Midstream Fund Inc. Announces Final Results of Issuer Tender Offer for Common Stock and Anticipated Date of MergerClearBridge MLP and Midstream Fund Inc. (NYSE:CEM) (the "Fund") announced today the final results for its issuer tender offer for up to 50% of the outstanding shares of common stock ("Shares") of the Fund (the "Tender Offer"). The Tender Offer expired on Thursday, June 20, 2024 at 5:00 p.m., New York City time. The Fund accepted 5,807,371 duly tendered and not withdrawn Shares, representing approximately 44% of the Fund's outstanding Shares. The Shares accepted for tender were repurchased at a price of $49.60 per Share, equal to 100% of the per Share net asset value as of the close of the regular trading session of the New York Stock Exchange on June 20, 2024. Shares that were not tendere
- PRClearBridge MLP and Midstream Total Return Fund Inc. Announces Preliminary Results of Issuer Tender Offer for Common Stock and Anticipated Date of MergerClearBridge MLP and Midstream Total Return Fund Inc. (NYSE:CTR) (the "Fund") announced today the expiration and preliminary results for its issuer tender offer for up to 50% of the outstanding shares of common stock ("Shares") of the Fund (the "Tender Offer"). The Tender Offer expired on Thursday, June 20, 2024 at 5:00 p.m., New York City time. Based on current information, approximately 3,774,769 Shares were duly tendered and not withdrawn. Because the number of Shares tendered exceeds 3,443,416 Shares, the Tender Offer has been oversubscribed. Therefore, in accordance with the terms and conditions specified in the Offer to Purchase, the Fund will purchase Shares from all tendering stock
- PRClearBridge Energy Midstream Opportunity Fund Inc. Announces Preliminary Results of Issuer Tender Offer for Common Stock And Anticipated Date of MergerClearBridge Energy Midstream Opportunity Fund Inc. (NYSE:EMO) (the "Fund") announced today the expiration and preliminary results for its issuer tender offer for up to 50% of the outstanding shares of common stock ("Shares") of the Fund (the "Tender Offer"). The Tender Offer expired on Thursday, June 20, 2024 at 5:00 p.m., New York City time. Based on current information, approximately 7,259,865 Shares were duly tendered and not withdrawn. Because the number of Shares tendered exceeds 6,393,645 Shares, the Tender Offer has been oversubscribed. Therefore, in accordance with the terms and conditions specified in the Offer to Purchase, the Fund will purchase Shares from all tendering stockho
- INSIDERAmerican International Group, Inc. disposed of 559,610 units of 3.46% Senior Secured Notes Series I due June 11, disposed of 1,492,294 units of 3.56% Senior Secured Notes Series J due June 11, disposed of 2,051,904 units of 3.76% Senior Secured Notes Series K due June 11, disposed of 30 units of Series J Mandatory Redeemable Preferred Stock and disposed of 56 units of Series K Mandatory Redeemable Preferred Stock (SEC Form 4)4 - ClearBridge MLP & Midstream Fund Inc. (0001488775) (Issuer)
- 13D/GAmendment: SEC Form SC 13G/A filed by ClearBridge MLP and Midstream Fund Inc.SC 13G/A - ClearBridge MLP & Midstream Fund Inc. (0001488775) (Subject)
- PRClearBridge MLP and Midstream Fund Inc. Announces Unaudited Balance Sheet Information as of May 31, 2024ClearBridge 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 May 31, 2024. As of May 31, 2024, the Fund's net assets were $658.9 million, and its net asset value per share was $49.56. The Fund's asset coverage ratio under the Investment Company Act of 1940 (the "1940 Act") with respect to senior indebtedness was 1,693% and the Fund's asset coverage ratio under the 1940 Act with respect to total leverage was 744%. As of May 31, 2024 Amount (millions) Per Share Investments $ 648.2 $ 48.75 Cash and Cash Equivalents
- SECSEC Form SC TO-C filed by ClearBridge MLP and Midstream Fund Inc.SC TO-C - ClearBridge MLP & Midstream Fund Inc. (0001488775) (Subject)
- PRClearBridge MLP and Midstream Fund Inc. Announces Tender Offer DetailsClearBridge MLP and Midstream Fund Inc. (NYSE:CEM) announced today additional details concerning its previously announced cash tender offer for up to 50% of such Fund's outstanding shares of common stock ("Shares") at a price per share equal to 100% of the Fund's net asset value per Share on the day on which the tender offer expires (the "Offer"). In the event the tender offer is oversubscribed, Shares will be repurchased on a pro rata basis. The Fund commenced the Offer today, May 21, 2024, with an expiration time of 5:00 p.m., New York City time, on June 20, 2024, unless extended. To ensure the Fund can pay proceeds for repurchased Shares promptly after the expiration of the Offer, the Fu
- SECSEC Form SC TO-I filed by ClearBridge MLP and Midstream Fund Inc.SC TO-I - ClearBridge MLP & Midstream Fund Inc. (0001488775) (Subject)
- PRClearBridge Midstream Funds Announce Results of Stockholder Votes at Special Stockholder Meetings Relating to Proposed MergersClearBridge Energy Midstream Opportunity Fund Inc. (NYSE:EMO), ClearBridge MLP and Midstream Fund Inc. (NYSE:CEM) and ClearBridge MLP and Midstream Total Return Fund Inc. (NYSE:CTR) today announced the results of the votes cast at the Joint Special Meeting of Stockholders of EMO, CEM and CTR (collectively, the "Funds") held on May 17, 2024. Stockholders of the Funds voted to approve the merger of CEM with and into EMO and the merger of CTR with and into EMO (each a "Merger" and collectively, the "Mergers"), each in accordance with the Maryland General Corporation Law. Upon completion of the Mergers, each share of common stock of CEM and CTR will convert into an equivalent dollar amount
- PRClearBridge MLP and Midstream Fund Inc. Announces Unaudited Balance Sheet Information as of April 30, 2024ClearBridge 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 April 30, 2024. As of April 30, 2024, the Fund's net assets were $649.6 million, and its net asset value per share was $48.87. The Fund's asset coverage ratio under the Investment Company Act of 1940 (the "1940 Act") with respect to senior indebtedness was 1,673% and the Fund's asset coverage ratio under the 1940 Act with respect to total leverage was 735%. As of April 30, 2024 Amount (millions) Per Share Investments $ 697.2 $ 52.45 C
CEM FAQ
6 questionsWhat does ClearBridge MLP and Midstream Fund Inc. do?
ClearBridge Energy MLP Fund Inc. is a closed-ended equity mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Clearbridge Advisors, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating in the energy sector. The fund primarily invests in equity securities of MLPs and growth stocks of companies operating across diversified market capitalizations. It employs fundamental analysis with a bottom-up stock selection approach, focusing on companies with long-lived assets, predictable cash...Where does CEM stock trade?
ClearBridge MLP and Midstream Fund Inc. (CEM) is listed on NYSE.What sector and industry is CEM in?
ClearBridge MLP and Midstream Fund Inc. operates in the Finance sector, Trusts Except Educational Religious and Charitable industry.When did ClearBridge MLP and Midstream Fund Inc. go public?
ClearBridge MLP and Midstream Fund Inc. (CEM) completed its IPO in 2010.What companies are similar to CEM?
Notable peers in the same industry include BNY (BlackRock New York Municipal Income Trust), BXSL (Blackstone Secured Lending Fund), PDI (PIMCO Dynamic Income Fund), BGR (BlackRock Energy and Resources Trust), NUV (Nuveen Municipal Value Fund Inc.). Compare CEM side-by-side with any of them on Quantisnow.How can I track CEM on Quantisnow?
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